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Technological progress and the geographic expansion of the banking industry

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A Theory of Failed Bank Resolution : Technological Change and Political Economics

DeYoung, Robert - 2013

We model the failed bank resolution process as a repeated game between a utility-maximizing government resolution authority (RA) and a profit-maximizing banking industry. Limits to resolution technology and political/economic pressure create incentives for the RA to bail out failed complex...

Persistent link: https://www.econbiz.de/10013089858