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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Dell'Ariccia, Giovanni
Weitere Verfasser: Ratnovski, Lev
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2013.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2013/233
Online Zugang:Full text available on IMF