Financial Stability 3
Date:Wed, Jul 23, 2014
Location:PIMS, University of British Columbia
Conference:The Economics and Mathematics of Systemic Risk and Financial Networks
The lender of last resort: An analysis of the economics and politics of banking crises, and episodes of bail-outs of
failing financial institutions.
- Rochet Vives (2004) “The Lender of last Resort: was Bagehot right after all?” JEEA, 6, 1116-1147, reprinted in Rochet J.C. (2008) “Why are there so many banking crises?, Princeton University Press, chapter 2