Money under the mattress: inflation and lending of last resort

DOI10.1016/J.JET.2024.105804MaRDI QIDQ6537227zbMATH OpenFDO

Authors Gadi Barlevy, Daniel Fershtman, David M. Weiss

Publication date 14 May 2024

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

Full work available at URL https://doi.org/10.1016/J.JET.2024.105804

zbMATH Keywords

Bagehot rulebank runsfinancial stabilityprice-level stability

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Financial networks (including contagion, systemic risk, regulation) (91G45)

Recommendations

• Monetary stability and liquidity crises: The role of the lender of last resort
• Imperfect interbank markets and the lender of last resort
• Money, Banking, and Financial Markets
• Banking crises and liquidity in a monetary economy
• Optimal central bank lending

Cites work

• Bailouts and financial fragility
• Bank Runs, Deposit Insurance, and Liquidity
• Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard
• Monetary stability and liquidity crises: The role of the lender of last resort
• Money, Banking, and Financial Markets
• Money, financial stability and efficiency

Cited in

(1)

• Central bank digital currency: when price and bank stability (don't) collide

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