Who Should Act as Lender of Last Resort? An Incomplete Contracts Model

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Optimal Supervisory Policies and Depositor-Preference Laws (2001, unknown): “…subordinated debt.11 The literature on depositor-preference laws, in turn, has focused on the impact of these laws on the cost of funds to banks and the liabilities of the deposit insurance provider in case of a bank failure.12 An 7See, for example, Repullo (2000) and Kahn and Santos (2000, 2002).”
Has the Fed Been a Failure (2012, unknown): “48 See also Repullo (2000) and commentators.”
Monetary Policy and Bank Risk-Taking: Evidence from the Corporate Loan Market (2017, background): “there are several theories, including Rochet (1992) and Dell′Ariccia et al.”
Capital Requirements, Market Power and Risk-Taking in Banking (2004, background): “In this case, the minimum capital requirement k∗ required to avoid gambling is deÞned by the condition mP (k∗) = μ/n,16 which by (14) gives k∗ = γ − α− 2(h− 1)μ/n δG − δP .”
Liquidity, Risk Taking, and the Lender of Last Resort (2005, background): “29See Prat (2003) for a detailed discussion of the related distinction between signals on actions and signals on the consequences of actions.”