%0 Journal Article %T Comment on: “Floating a “lifeboat”: The Banque de France and the crisis of 1889” by P.C. Hautcoeur, A. Riva, and E.N. White %+ Laboratoire d'Etude et de Recherche sur l'Economie, les Politiques et les Systèmes Sociaux (LEREPS) %A Ugolini, Stefano %< avec comité de lecture %@ 0304-3932 %J Journal of Monetary Economics %I Elsevier %V 65 %P 120-123 %8 2014 %D 2014 %R 10.1016/j.jmoneco.2014.04.009 %K Lending of last resort %K Bailout %K SIFI %K Moral hazard %K Bagehot %K Banque de France %K Baring crisis %Z Humanities and Social Sciences/Economics and Finance %Z Humanities and Social Sciences/History %Z Quantitative Finance [q-fin]/Risk Management [q-fin.RM]Journal articles %X • 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. %G English %2 https://univ-tlse2.hal.science/hal-01293759/document %2 https://univ-tlse2.hal.science/hal-01293759/file/Ugolini%20%28JME%202014%29%20for%20HAL%20Deposit.pdf %L hal-01293759 %U https://univ-tlse2.hal.science/hal-01293759 %~ SHS %~ UNIV-TLSE2 %~ AO-HISTOIRE %~ AO-ECONOMIE %~ HISTOIRE %~ SMS %~ UT1-CAPITOLE %~ LEREPS %~ CAMPUS-AAR %~ AAI