Showing 1 - 10 of 252
Persistent link: https://www.econbiz.de/10003304638
Persistent link: https://www.econbiz.de/10009707303
Persistent link: https://www.econbiz.de/10010418200
Persistent link: https://www.econbiz.de/10001600308
Persistent link: https://www.econbiz.de/10001388784
This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...
Persistent link: https://www.econbiz.de/10012470928
This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...
Persistent link: https://www.econbiz.de/10013225947
Persistent link: https://www.econbiz.de/10011959783
In fighting a financial crisis, opacity (keeping the names of banks borrowing at emergency lending facilities secret) and stigma (the cost of having a bank's name revealed) are desirable to restore confidence. Lending facilities raise the perceived average quality of all banks' assets. Opacity...
Persistent link: https://www.econbiz.de/10012455893
Persistent link: https://www.econbiz.de/10011366992