Excessive Lending, Leverage, and Risk-Taking in the Presence of Bailout Expectations

Excessive Lending, Leverage, and Risk-Taking in the Presence of Bailout Expectations
The financial crisis that began in 2007 has brought to the fore the issues of excesses in lending, leverage, and risk-taking as some of the fundamental causes of this crisis. At the same time, in dealing with the financial crisis there have been large scale interventions by governments, often referred to as bailouts of the lenders. This paper... READ MORE...

Publication date: October 2009
ISBN 9781451873801
$18.00

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