Financial Institutions, Financial Contagion, And Financial Crises
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| Google books | books.google.com |
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| Originally published | 2000 |
| Authors | Haizhou Huang |
| Chenggang Xu | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1517918 |
About Financial Institutions, Financial Contagion, And Financial Crises
Financial crises are endogenized through corporate and interbank market institutions. Single-bank financing leads to a pooling equilibrium in the interbank market. With private information about one's own solvency, the best illiquid banks will not borrow but rather will liquidate some premature assets. . . .
