| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8602 |
| DP8602 When bigger isn?t better: Bail outs and bank behaviour | |
| Marcus Miller; Han Hao Li | |
| 发表日期 | 2011-10-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | The traditional theory of commercial banking explains maturity transformation and liquidity provision assuming no asymmetric information and no excess profits. It captures the possibility of bank runs and business cycle risk; but it ignores the moral hazard problems connected with risk-taking by large banks counting on state bail outs. In this paper market concentration and risk-shifting is incorporated in an analytically tractable fashion; and the modified framework is used to consider measures to restore competition and stability--including, in particular, those recommended for the UK by the Independent Commission on Banking (2011), chaired by Sir John Vickers. |
| 主题 | Financial Economics ; International Macroeconomics |
| 关键词 | Money and banking Seigniorage Risk-taking Bailouts Regulation |
| URL | https://cepr.org/publications/dp8602 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537439 |
| 推荐引用方式 GB/T 7714 | Marcus Miller,Han Hao Li. DP8602 When bigger isn?t better: Bail outs and bank behaviour. 2011. |
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