Optimal Fiscal Policy and Government Provision of Contingent Liabilities : The Example of Government Loan and Deposit Guarantees.
The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector's loan portfolio to eliminate risk, full governmen...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1989.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1989/084 |
| Online-ссылка: | Full text available on IMF |