Deposit Insurance and Orderly Liquidation without Commitment: Can we Sleep Well?
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This paper assess the affects of the orderly liquidation of a failing bank and the ex post provision of deposit insurance on the prospect of bank runs. Assuming that the public institutions in charge of these policies lack commitment power, these interventions, both individually and jointly, are
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美国国家经济研究局创建时间：
2013-06-01
