| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10017 |
| DP10017 Banks Are Where The Liquidity Is | |
| Oliver Hart; Luigi Zingales | |
| 发表日期 | 2014-06-08 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | What is so special about banks that their demise often triggers government intervention? In this paper we show that, even ignoring interconnectedness issues, the failure of a bank causes a larger welfare loss than the failure of other institutions. The reason is that agents in need of liquidity tend to concentrate their holdings in banks. Thus, a shock to banks disproportionately affects the agents who need liquidity the most, reducing aggregate demand and the level of economic activity. The optimal fiscal response to such a shock is to help people, not banks, and the size of this response should be larger if a bank, rather than a similarly-sized nonfinancial firm, fails. |
| 主题 | Financial Economics |
| 关键词 | Bailout Banking Liquidity |
| URL | https://cepr.org/publications/dp10017 |
| 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/538849 |
| 推荐引用方式 GB/T 7714 | Oliver Hart,Luigi Zingales. DP10017 Banks Are Where The Liquidity Is. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Oliver Hart]的文章 |
| [Luigi Zingales]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Oliver Hart]的文章 |
| [Luigi Zingales]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Oliver Hart]的文章 |
| [Luigi Zingales]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
