Comment on: “Floating a “lifeboat”: The Banque de France and the crisis of 1889” by P.C. Hautcoeur, A. Riva, and E.N. White

Stefano Ugolini

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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.

Keywords: Lending of last resort; Bailout; SIFI; Moral hazard; Bagehot; Banque de France; Baring crisis (search for similar items in EconPapers)
Date: 2014
Note: View the original document on HAL open archive server: https://univ-tlse2.hal.science/hal-01293759v1
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Published in Journal of Monetary Economics, 2014, 65, pp.120-123. ⟨10.1016/j.jmoneco.2014.04.009⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01293759

DOI: 10.1016/j.jmoneco.2014.04.009

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