Let the Worst One Fail: A Credible Solution to the Too-Big-To-Fail Conundrum

DOI10.1093/QJE/QJAC044zbMath1521.91376MaRDI QIDQ6049457

Thomas Philippon, Unnamed Author

Publication date: 15 September 2023

Published in: The Quarterly Journal of Economics (Search for Journal in Brave)

zbMATH Keywords

moral hazardoveroptimismbank resolution mechanismcredible tournament mechanism

Mathematics Subject Classification ID

Financial networks (including contagion, systemic risk, regulation) (91G45)

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