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Persistent link: https://www.econbiz.de/10011376721
This paper establishes a theoretical model to examine the LOLR policy when a central bank cannot distinguish between solvent and insolvent banks. We study two cases: a case where the central bank cannot screen insolvent banks and a case where the central bank can only imperfectly screen...
Persistent link: https://www.econbiz.de/10009790246
Persistent link: https://www.econbiz.de/10013391932