Financial fragility and information design

Zhongjie Fan and Dunzhe Tang

Economics Letters, 2023, vol. 232, issue C

Abstract: Financial fragility as a macro market attribute directly affects participants’ micro decisions. We study how government can achieve market prosperity through selectively inform participants on economy state. We find that government’s optimal information design is correlated with financial contagion and risk-sharing.

Keywords: Financial fragility; Information design (search for similar items in EconPapers)
JEL-codes: D82 G01 G21 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:232:y:2023:i:c:s0165176523003816

DOI: 10.1016/j.econlet.2023.111356

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