To bail out or not to bail out systemically relevant financial institutions: The incentives of policy makers
نویسندگان
چکیده
منابع مشابه
To bail-out or to bail-in? Answers from an agent-based model
Peter Klimek, Sebastian Poledna, J. Doyne Farmer, Stefan Thurner1,3,4,∗ Section for Science of Complex Systems; Medical University of Vienna; Spitalgasse 23; A-1090; Austria Institute for New Economic Thinking at the Oxford School and Mathematical Institute, Eagle House, Walton Well Rd., University of Oxford OX2 3ED; UK Santa Fe Institute; 1399 Hyde Park Road; Santa Fe; NM 87501; USA IIASA, Sch...
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This paper analyzes the effects of a “too-big-to-fail” policy, modelled as a higher bail-out probability from the government for some bank, on the behavior of the privileged bank as well as on the remaining banking sector. Contrary to conventional wisdom, the impact on the large bank’s risk-taking is shown to depend on the opacity of banks, i. e., the particular information structure of the mod...
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ژورنال
عنوان ژورنال: Journal of Governance and Regulation
سال: 2012
ISSN: 2306-6784,2220-9352
DOI: 10.22495/jgr_v1_i4_p7