Financial Institutions, Financial Contagion, and Financial Crises /
Financial crises are endogenized through corporate and interbank market institutions. Single-bank financing leads to a pooling equilibrium in the interbank market. With private information about one's own solvency, the best illiquid banks will not borrow but rather will liquidate some premature...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2000/092 |
| Online-ссылка: | Full text available on IMF |