Bank Panics and the Endogeneity of Central Banking
收藏NBER2002-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9102
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资源简介：
Central banking is intimately related to liquidity provision to banks during times of crisis, the lender-of-last-resort function. This activity arose endogenously in certain banking systems. Depositors lack full information about the value of bank assets so that during macroeconomic downturns they
提供机构：
美国国家经济研究局
创建时间：
2002-08-01
