Banks Are Where The Liquidity Is
收藏数据链接：
官方服务：
资源简介：
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
提供机构：
美国国家经济研究局创建时间：
2014-06-01
