Financial Stability 1

Speaker: Jean-Charles Rochet

Date: Mon, Jul 21, 2014

Location: PIMS, University of British Columbia

Conference: The Economics and Mathematics of Systemic Risk and Financial Networks

Subject: Econometrics

Class: Scientific


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