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Essays on the limits of borrowing
Herrala, Risto - Suomen Pankki - 2012
The aim of this research is to provide new insights about the limits of borrowing. The second chapter contributes to the theory of limits of borrowing by a study of LOLRs in an original model. The third chapter introduces a new approach to test and measure the limits of borrowing...
Persistent link: https://www.econbiz.de/10010611650
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Markets, Reserves and Lenders of Last Resort as Sources of Bank Liquidity
Herrala, Risto - Suomen Pankki - 2000
firms that are facing solvency shocks. We apply their framework to banking and extend the framework to admit the analysis of …
Persistent link: https://www.econbiz.de/10005419679
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An assessment of alternative lender of last resort schemes
Herrala, Risto - Suomen Pankki - 2001
debate on free banking, in particular the issue of whether private institutions would fare well as lenders of last resort. <p …> In our model, the first-best LOLR scheme always covers the whole banking sector and offers full insurance to the …
Persistent link: https://www.econbiz.de/10005648930