Bailouts and Financial Fragility

215 citations recorded by the source corpus.

Citations in the corpus

Bank Runs and Institutions: The Perils of Intervention (2009, unknown): “The payment offered by the bank in period 1 may depend on this probability but not on the realization of the sunspot variable, because the latter is not observed by the banking authorities. This approach was suggested in Diamond and Dybvig (1983) and explicitly taken in Cooper and Ross (1998), Peck ”
Central Bank Digital Currency: When Price and Bank Stability Collide (2020, unknown): “In the context of banking with real contracts, Ennis and Keister (2009) already point out that the depositors’ anticipation of too lenient but potentially ex post efficient regulatory policies may give rise to bank runs.”
Monetary Policy Strategy: Lessons from the Crisis (2011, unknown): “…was the actual and stated policy of the Federal Reserve when Alan Greenspan headed the Fed, can lead to a form of moral hazard in which financial institutions expect monetary policy to help them recover from bad investments (e.g., see Tirole and Farhi, 2009, Keister, 2010, and Wilson and Wu, 2010).”