Monetary stability and liquidity crises: The role of the lender of last resort

DOI10.1006/JETH.2000.2750zbMath0985.91025OpenAlexW2155530921MaRDI QIDQ5947394

Elisabeth Huybens, Todd Keister, Gaetano Antinolfi

Publication date: 13 December 2001

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1006/jeth.2000.2750

zbMATH Keywords

multiple equilibriainflationbanking criseselastic currencyliquidity crises

Mathematics Subject Classification ID

Related Items (7)

Imperfect interbank markets and the lender of last resort ⋮ Central bank digital currency: stability and information ⋮ Money, financial stability and efficiency ⋮ USEFULNESS OF THE CONSTRAINED PLANNING PROBLEM IN A MODEL OF MONEY ⋮ DISCOUNT WINDOW POLICY, BANKING CRISES, AND INDETERMINACY OF EQUILIBRIUM ⋮ Banking crises and liquidity in a monetary economy ⋮ Asset prices and standing facilities in a monetary economy

Cites Work

• Stationary sunspot equilibria in a finance constrained economy
• Stabilizing competitive business cycles
• The overlapping-generations model. I: The case of pure exchange without money
• The overlapping-generations model. II. The case of pure exchange with money
• Money and insurance in a turnpike environment
• Efficiency and determinacy of equilibrium under inflation targeting
• Financial fragility and the exchange rate regime
• Bank Runs, Deposit Insurance, and Liquidity

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