Bank Bailouts: Moral Hazard Vs. Value Effect
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| Google books | books.google.com |
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| Originally published | August 1999 |
| Authors | Eduardo Levy Yeyati |
| Tito Cordella | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1445039 |
About Bank Bailouts: Moral Hazard Vs. Value Effect
This paper shows that a central bank, by announcing and committing ex-ante to a bailout policy that is contingent on the realization of certain states of nature (for example on the occurrence of an . . .