Systemic Risk: Herd Behavior, Bailout Policy, and Interest Rate Policy
碩士 === 國立臺灣大學 === 財務金融學研究所 === 99 === I analyze how the improper bailout policy, together with the low-interest rates, can lead to a self-fulfilling systemic banking crisis. An improper bailout policy induces banks to herd by investing in similar financial derivatives and increases exposure to syste...
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| Format: | Others |
| Language: | en_US |
| Published: |
2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/03632843091992286026 |