A theory of government bailouts in a heterogeneous banking system
How should a government bailout a heterogeneous banking system subject to systemic self-fulfilling runs? To answer this question, we develop a theory of banking with multiple groups of depositors of different size and wealth, where systemic self-fulfilling runs emerge as a consequence of a global ga...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2022
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10400.5/23953 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/23953 |