Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts
收藏NBER2009-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15138
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资源简介：
The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the reaction of monetary policy. When everyone engages in maturity transformation, authorities have little choice but facilitating refinancing. In turn, refusing to adopt a risky balance sheet
提供机构：
美国国家经济研究局
创建时间：
2009-07-01
