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dc.contributor.authorNiepmann, Friederikeen_US
dc.contributor.authorSchmidt-Eisenlohr, Timen_US
dc.date.accessioned2010-08-11T09:10:48Z-
dc.date.available2010-08-11T09:10:48Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37518-
dc.description.abstractFinancial 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.isoengen_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Causes and Consequences of Bank Bail-Outs D7-V3en_US
dc.subject.jelF36en_US
dc.subject.jelG28en_US
dc.subject.jelF42en_US
dc.subject.ddc330en_US
dc.subject.keywordbail-outen_US
dc.subject.keywordcontagionen_US
dc.subject.keywordfinancial crisisen_US
dc.subject.keywordinternational institutional arrangementsen_US
dc.titleBank Bail-outs, International Linkages and Cooperationen_US
dc.typeConference Paperen_US
dc.identifier.ppn654801681-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie

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