Government guarantees and financial stability

DOI10.1016/j.jet.2018.06.007zbMath1417.91370OpenAlexW308776555MaRDI QIDQ1622375

Franklin Allen, Agnese Leonello, Elena Carletti, Itay Goldstein

Publication date: 19 November 2018

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10044/1/61904

zbMATH Keywords

bank moral hazardfundamental runsgovernment guaranteespanic runs

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Actuarial science and mathematical finance (91G99)

Related Items (3)

A theory of national development bank: long-term investment and the agency problem ⋮ Optimal stress tests and liquidation cost ⋮ Rollover risk and stress test credibility

Cites Work

• Unnamed Item
• Deposit insurance and bank liquidation without commitment: can we sleep well?
• Contagion of self-fulfilling financial crises due to diversification of investment portfolios
• Global Games and Equilibrium Selection
• Bank Runs, Deposit Insurance, and Liquidity
• Bailouts and Financial Fragility
• Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders

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