reduced frequency and severity of financial crisis, analysed in Basel Committee on Banking Supervision (BCBS, 2010b). (2) The …

during a crisis. Rather than containing the crisis, a ban on short selling of government debt is likely to worsen the …

intervention cannot improve upon the laissez-faire equilibrium. However, when agents anticipate that a crisis may occur, removing … the toxic assets dominates laissez-faire, particularly when the toxic asset holders are financing the intervention scheme … crisis once it occurs, but also output …

frequency and severity of financial crisis, analyzed in Basel Committee on Banking Supervision (2010b). 2) The reform should …

trade reflects a shortage of trade finance, which could amplify and extend the plunge in trade and make the current crisis … worse. Hence, boosting the availability of trade finance has to be part of the international response to the crisis. In this … the current crisis.An updated version of this article was published as "Why Boosting the Availability of Trade Finance …

worldwide financial crisis of 2007-2008 is unprecedented since the Great Depression. Whether a given firm is ex-ante ‘Too Big To ….S. government's crisis actions as well as two international bank bailouts in a series of event studies employing both debt and … derivative exposures and their associated losses prior to and during the crisis led investors to infer it would be rescued …