Allocating bank regulatory powers: lender of last resort, deposit insurance and supervision

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  • 1 January 2001
    • preprint
      • Published in RePEc
Abstract
Bank regulation in most countries encompasses a lender of last resort, deposit insurance and supervision. These functions are interrelated and therefore require coordination among the authorities responsible for them. These authorities, however, are often established with different mandates, some of which are likely to be in conflict. We consider these issues by studying the optimal institutional allocation of such functions.

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