Bailouts and Systemic Insurance /

We revisit the link between bailouts and bank risk taking. The expectation of government support to failing banks creates moral hazard-increases bank risk taking. However, when a bank's success depends on both its effort and the overall stability of the banking system, a government's commi...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Dell'Ariccia, Giovanni
Awduron Eraill: Ratnovski, Lev
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2013.
Cyfres:IMF Working Papers; Working Paper ; No. 2013/233
Mynediad Ar-lein:Full text available on IMF