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Author Cordella, Tito.
Title Bank bailouts : moral hazard vs. value effect / prepared by Tito Cordella and Eduardo Levy Yeyati.
Imprint [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Department, 1999.

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LOCATION CALL # STATUS MESSAGE
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Author Cordella, Tito.
Series IMF working paper ; WP/99/106
IMF working paper ; WP/99/106.
Subject Bank failures -- Econometric models.
Banks and banking, Central -- Econometric models.
Financial crises -- Econometric models.
Lenders of last resort -- Econometric models.
Bank loans -- Econometric models.
Borrowing and lending -- Econometric models.
Alt Name Levy Yeyati, Eduardo.
International Monetary Fund. Monetary and Exchange Affairs Department.
Description 1 online resource (30 pages) : illustrations.
Bibliography Note Includes bibliographical references (pages 29-30).
Access Use copy Restrictions unspecified star
Reproduction Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
System Details Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
Note digitized 2010 HathiTrust Digital Library committed to preserve pda
Print version record.
Summary This paper shows that a central bank, by announcing and committing ex-ante to a bailout policy that is contingent on the realization of certain states of nature (for example on the occurrence of an adverse macroeconomic shock), creates a risk-reducing "value effect" that more than outweighs the moral hazard component of such a policy.
ISBN 1451898533
9781451898538
128134575X
9781281345752
OCLC # 647587776
Additional Format Print version: Cordella, Tito. Bank bailouts. [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Department, 1999 (OCoLC)42680199


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