Showing 1 - 10 of 124,767
With a four-stage sequential game model, we study how bailouts ameliorate the effects of liquidation on fundamentals, reduce the likelihood of currency crises and affect the financial sector's (non-observable) effort. In stage 1, exchange rate regime is announced and all agents receive...
Persistent link: https://www.econbiz.de/10011539079
With a four-stage sequential game model, we study how bailouts ameliorate the effects of liquidation on fundamentals, reduce the likelihood of currency crises and affect the financial sector's (non-observable) effort. In stage 1, exchange rate regime is announced and all agents receive...
Persistent link: https://www.econbiz.de/10001703687
Persistent link: https://www.econbiz.de/10001367928
Persistent link: https://www.econbiz.de/10000680958
Persistent link: https://www.econbiz.de/10001518100
Persistent link: https://www.econbiz.de/10009573435
Persistent link: https://www.econbiz.de/10009623475
Persistent link: https://www.econbiz.de/10010194378
We examine the coexistence of banks and financial markets, studying a credit market where the qualities of investment projects are not observable and the investment decisions of entrepreneurs are not contractible. Standard banks can alleviate moral-hazard problems by securing a portion of a...
Persistent link: https://www.econbiz.de/10003375777
Persistent link: https://www.econbiz.de/10001687406