Browsing Economics by Author "Kara, G. I."
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Bank regulation under fire sale externalities
Kara, G. I.; Özsoy, Satı Mehmet (Oxford University Press, 2020-06)We examine the optimal design of and interaction between capital and liquidity regulations. Banks, not internalizing fire sale externalities, overinvest in risky assets and underinvest in liquid assets in the competitive ...
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