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-hazard-Problematik nicht beseitigt werden kann, indem man das System der Einlagensicherung wieder abschafft. Auch in einer Welt ohne …
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This paper identifies two types of market failures. The first concerns a coordination problem associated with panics. The problem in analysing this type of market failure from a policy perspective is that there is no widely accepted method for selecting equilibria. The second market failure...
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This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have …
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