The Development Impact of Financial Regulation : Evidence from Ethiopia and Antebellum USA / Nicola Limodio.
In absence of deposit insurance, underdeveloped financial systems can exhibit a coordination failure between banks, unable to commit on safe asset holding, and depositors, anticipating low deposit repayment in bad states. This paper shows conditions under which a government can solve this failure by...
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Full Text (via Open Knowledge Repository) |
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| Format: | Electronic eBook |
| Language: | English |
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Washington, D.C. :
The World Bank,
2016.
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| Series: | Policy research working papers.
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