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CEIS - Centre for International Studies on Economic Growth >
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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2108/137
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Full metadata record
| DC Field | Value | Language |
|---|
| contributor.author | Femminis, Gianluca | - |
| contributor.author | Ruggerone, Luigi | - |
| date.accessioned | 2005-11-28T09:56:28Z | - |
| date.available | 2005-11-28T09:56:28Z | - |
| date.issued | 1999 | - |
| identifier.uri | http://hdl.handle.net/2108/137 | - |
| description.abstract | We present a simple model where bank runs are possible and we analyse the role of subsidisation of future investment in this setting. We find that such a policy exacerbates the short-run liquidity problem for banks. Moreover, we highlight that a "shift in expectations" about the keeping of the subsidisation promises induces itself a bank run. We show how a bank recapitalisation may help solving the problem; in fact, it can make credible an "ex post" recovery of the banking system, thus preventing the shift in expectation from generating a self-fulfilling bank crisis. | en |
| description.tableofcontents | 1. Introduction - 2. The model - 3. Ex-post consistency - 4. Bank runs - 5. Banks capitalisation as a reaction to financial panic - 6. "Political uncertainty" - 7. Final remarks and open issues | en |
| format.extent | 147859 bytes | - |
| format.mimetype | application/pdf | - |
| language.iso | en | en |
| publisher | CEIS | en |
| relation.ispartofseries | Quaderni CEIS; 124 | - |
| subject.classification | SECS-P/11; Economia degli intermediari finanziari | en |
| title | Crony capitalism, bail-outs and bank runs | en |
| type | Article | en |
| Appears in Collections: | Quaderni
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Files in This Item:
| File |
Description |
Size | Format |
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| 124.pdf | | 144Kb | Adobe PDF | View/Open |
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