Governments as Investors of Last Resort Credit Crisis Comparative Case Studies
Authors

Related Working Paper
Featured Working Papers
Risk Mitigating versus Risk Shifting: Evidence from Banks Security Trading in Crises
We show that risk mitigating incentives dominate risk shifting incentives in fragile banks. Risk shifting could be particularly severe in banking...
Read more
02 December 2020
Nepotism in IPOs: consequences for issuers and investors
Potential conficts of interest arise when IPO underwriters allocate IPO shares to their affiliated funds. We hypothesize that such nepotism...
Read more
10 September 2020
FinTech and The Law & Economics of Disintermediation
As FinTech promises to increase competition for both banks and investment firms, we consider the market failures that emerge from its existence,...
Read more
03 September 2020
Bail-outs and Bail-ins are better than Bankruptcy: A Comparative Assessment of Public Policy Responses to COVID-19 Distress
COVID-19 has severely disrupted the conduct of business around the globe. In jurisdictions that impose one or more ‘lockdowns’, multiple sectors...
Read more
20 August 2020