Government policy and the financial sector : dealing with moral hazard and "too-big-to-fail"
The large-scale interventions by Western governments in 2008 aimed at underpinning the banking system have confirmed the extent of state support for the financial sector. The explicit backing of the “lender of last resort” has reemphasised the moral hazard problem. Without further reform of the mark...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Centre for International Capital Markets, London Metropolitan University
2009
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| Online Access: | https://repository.londonmet.ac.uk/446/1/CentreForInternationalCapitalMarketsDiscussionPapers_2009-15_p01-16.pdf |