Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10011419288
Persistent link: https://www.econbiz.de/10010240162
Persistent link: https://www.econbiz.de/10010489784
When a central bank implements the LOLR policy in a financial crisis, bank creditors often infer a bank's quality from whether or not it borrows from the central bank. We establish a formal model to study the optimal LOLR policy in the presence of this signaling effect, assuming that the central...
Persistent link: https://www.econbiz.de/10011411926