Rollover Risk: Optimal But Inefficient

1 January 2011

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.1970451

Abstract

Why does the market discipline that banks face seem too weak during good times and too strong during bad times? This paper shows that using rollover risk as a d

Keywords

RISK ASSESSMENT
BANK RUNS
GLOBAL GAMES
FINANCIAL MARKETS
RISK MANAGEMENT

All Related Versions

Version 1, 2013-01-01, RePEc (Unconfirmed version)

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