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Optimal financial crises
Franklin Allen, Douglas Gale
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Keyphrases
Depositors
100%
Financial Crisis
100%
First-best
50%
Sunspots
50%
Risky Assets
50%
Panic
50%
Risk Sharing
50%
Financial Assets
50%
Business Cycles
50%
Bank Runs
50%
Efficient Portfolio
50%
Pareto Improvement
50%
Banking Panics
50%
Central Bank Intervention
50%
Economics, Econometrics and Finance
Welfare
100%
Central Bank
100%
Financial Crisis
100%
Risk Management
100%
Business Cycle
100%
Bank Runs
100%