Banks Are Where The Liquidity Is
收藏NBER2014-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20207
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What is so special about banks that their demise often triggers government intervention? In this paper we develop a simple model where, even ignoring interconnectedness issues, the failure of a bank causes a larger welfare loss than the failure of other institutions. The reason is that agents in
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美国国家经济研究局创建时间：
2014-06-01
