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Banking Safety Nets: Information Issues

Author

Listed:
  • Jorge Ponce

    (Toulouse School of Economics (Gremaq)
    Banco Central del Uruguay)

Abstract

This paper synthesizes recent literature on the optimal design of banking safety nets. We focalize on information issues. In particular, we propose a mechanism to improve the incentives the Central Bank has to provide information to the Deposit Insurance Corporation. Such mechanism makes possible the implementation of the second-best allocation of the lender of last resort activity proposed by Repullo (2000).

Suggested Citation

  • Jorge Ponce, 2006. "Banking Safety Nets: Information Issues," Documentos de trabajo 2006003, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:2006003
    as

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    File URL: https://www.bcu.gub.uy/Estadisticas-e-Indicadores/Documentos%20de%20Trabajo/3.2006.pdf
    File Function: First version, 2006
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    References listed on IDEAS

    as
    1. Carmine Di Noia & Giorgio Di Giorgio, 1999. "Should Banking Supervision and Monetary Policy Tasks be Given to Different Agencies?," International Finance, Wiley Blackwell, vol. 2(3), pages 361-378, November.
    2. Barth,James R. & Caprio,Gerard & Levine,Ross, 2008. "Rethinking Bank Regulation," Cambridge Books, Cambridge University Press, number 9780521709309, September.
    3. Kahn, Charles M. & Santos, Joao A.C., 2005. "Allocating bank regulatory powers: Lender of last resort, deposit insurance and supervision," European Economic Review, Elsevier, vol. 49(8), pages 2107-2136, November.
    4. Repullo, Rafael, 2000. "Who Should Act as Lender of Last Resort? An Incomplete Contracts Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(3), pages 580-605, August.
    5. Bolton, Patrick, 2000. "Comment on Who Should Act as Lender of Last Resort? An Incomplete Contracts Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(3), pages 606-610, August.
    6. Freixas, Xavier & Rochet, Jean-Charles & Parigi, Bruno M., 2003. "The lender of last resort: a 21st century approach," Working Paper Series 298, European Central Bank.
    7. Xavier Freixas & Jean-Charles Rochet, 1997. "Microeconomics of Banking," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061937, April.
    8. repec:bla:intfin:v:2:y:1999:i:3:p:361-78 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

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