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Incentive Conflict In Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries

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NBER2007-11-01 更新2025-01-04 收录
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National safety nets are imbedded in country-specific regulatory cultures that encompass contradictory goals of nationalistic welfare maximization, merciful treatment of distressed institutions, and bureaucratic blame avoidance. Focusing on this goal conflict, this paper develops two hypotheses.

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2007-11-01
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