Comment on: “Floating a “lifeboat”: The Banque de France and the crisis of 1889” by P.C. Hautcoeur, A. Riva, and E.N. White
Abstract
• Bagehot argued that lifeboats are always suboptimal.
• Assessing systemicness is difficult.
• Too much information is required to offset undesirable distributional effects.
• Optimal lifeboats might be impossible to implement.
Origin : Files produced by the author(s)
Loading...