| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963410 | Journal of International Financial Markets, Institutions and Money | 2013 | 25 Pages |
Abstract
⺠Markets priced positively announcements of banks' rescue plans in the last crisis. ⺠However, individual institutions were reluctant to seek public assistance. ⺠Home banks perceived foreign rescue plan announcements as subsidies to foreign banks. ⺠Specific announcements fed fears in other banks of being crowded out for subsidies. ⺠Multiple specific announcements exacerbated banks' moral hazard.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Michele Fratianni, Francesco Marchionne,