Ending "Too Big To Fail": Government Promises vs. Investor Perceptions
收藏NBER2011-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17518
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资源简介：
Can a government credibly promise not to bailout firms whose failure would have major negative systemic consequences? Our analysis of Korea's 1997-99 crisis, suggests an answer: No. Despite a general "no bailout" policy during the crisis, the largest Korean corporate groups (chaebol) - facing severe
提供机构：
美国国家经济研究局
创建时间：
2011-10-01
