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Liquidity Shortages and Banking Crises

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NBER2002-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8937
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资源简介:
Banks can fail either because they are insolvent or because an aggregate shortage of liquidity can render them insolvent. We show that bank failures can themselves cause liquidity shortages. The failure of some banks can then lead to a cascade of failures and a possible total meltdown of the system.
创建时间:
2002-05-01
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