Liquidity, Efficiency and Bank Bailouts
收藏数据链接：
官方服务：
资源简介：
Why do governments bailout banking systems in distress? We argue that the government can efficiently provide liquidity. We present a general equilibrium model in which not all assets can be used to purchase all other assets at every date. At some dates agents want to sell projects or securities. The
提供机构：
美国国家经济研究局创建时间：
2002-09-01
