Runs versus Lemons: Information Disclosure and Fiscal Capacity
收藏NBER2015-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21201
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资源简介：
We study the optimal use of disclosure and fiscal backstops during financial crises. Providing information can reduce adverse selection in credit markets, but negative disclosures can also trigger inefficient bank runs. In our model governments are thus forced to choose between runs and lemons. A
提供机构：
美国国家经济研究局
创建时间：
2015-05-01
