| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 960720 | Journal of Financial Intermediation | 2010 | 19 Pages |
Abstract
The Northern Rock bailout has raised concerns about the ability of current supervisory arrangements to deal with banking crises. This paper uses a formal model of a lender of last resort to derive policy implications regarding the optimal allocation of decision-making authority. Thereby, it contributes to the policy debate in the United Kingdom by proposing reforms to the current supervisory arrangements.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Jorge Ponce,