Banking Panics and the Origin of Central Banking
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https://www.nber.org/papers/w9137
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资源简介：
Gorton and Huang (2001) argue that private coalitions of banks can act as central banks, issuing private money and providing deposit insurance during times of panic. This lender-of-last-resort role depends upon banking panics occurring threat of liquidation makes the private bank coalition incentive
提供机构：
美国国家经济研究局
创建时间：
2002-09-01
