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Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/37518
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Niepmann, Friederike | | en_US |
| dc.contributor.author | | Schmidt-Eisenlohr, Tim | | en_US |
| dc.date.accessioned | | 2010-08-11T09:10:48Z | | - |
| dc.date.available | | 2010-08-11T09:10:48Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/37518 | | - |
| dc.description.abstract | | Financial institutions are increasingly linked internationally and engaged in cross-border operations. As a result, financial crises and potential bail-outs by governments have important international implications. Extending Allen and Gale (2000), we provide a model of international contagion allowing for bank bail-outs financed by distortionary taxes. In the sequential game between governments, there are inefficiencies due to spillovers, free-riding and limited burden-sharing. When countries are of equal size, an increase in cross-border deposit holdings improves, in general, the non-cooperative outcome. For efficient crisis managment, ex-ante fiscal burden sharing is essential as ex-post contracts between governments do not achieve the same global welfare. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Verein für Socialpolitik Frankfurt a. M. | | en_US |
| dc.relation.ispartofseries | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Causes and Consequences of Bank Bail-Outs D7-V3 | | en_US |
| dc.subject.jel | | F36 | | en_US |
| dc.subject.jel | | G28 | | en_US |
| dc.subject.jel | | F42 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | bail-out | | en_US |
| dc.subject.keyword | | contagion | | en_US |
| dc.subject.keyword | | financial crisis | | en_US |
| dc.subject.keyword | | international institutional arrangements | | en_US |
| dc.title | | Bank Bail-outs, International Linkages and Cooperation | | en_US |
| dc.type | | Conference Paper | | en_US |
| dc.identifier.ppn | | 654801681 | | - |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
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