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Where to Draw Lines

Stability Versus Efficiency

Datos Bibliográficos

ID9725586
AutoresThomas J Sargent (0000-0002-5457-0944, Hoover Institution, autor de correspondencia)
Año2011
Volumen78
Número310
Páginas197-214
Fecha de publicación2011-04-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEconomica (JOURNAL)
Identificadores de la revistaISSN: 0013-0427 • E-ISSN: 1468-0335
EditorialWiley (PUBLISHER • GB)
DOI10.1111/j.1468-0335.2010.00875.x
OpenAlexW2113255947
IdiomaEN
Citas recibidas2
Referencias citadas28

What kinds of assets should financial intermediaries be permitted to hold? What kinds of liabilities should they be allowed to issue? Should a government or a central bank offer explicit deposit insurance or implicit deposit insurance by acting as a lender of last resort? This paper reviews how tensions involving stability versus efficiency, and regulation versus laissez faire, have for centuries run through macroeconomic analysis of these questions

Actuarial science · Citation · Economics · Financial intermediary · Financial system · Intermediary · Law and economics · Political science · Banking stability, regulation, efficiency · Economic theories and models · Economic Theory and Policy · Finance · Law

  • It Takes a Model to Beat a Model

    Open Access•Michael C Munger•Journal of Contextual Economics –…•2022

  • The Structure and Stability of John Law’s Early Land Bank Proposals

    Open Access•John Berdell•OEconomia•2017

  • The Optimum Quantity of Money

    Friedman Milton, D Bordo Michael•Optimum Quantity of Money•2017

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    Open Access•Robert E Lucas, Nancy L Stokey•Journal of Monetary Economics•1983

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    Open Access•Ceyhun Bora Durdu, Enrique G Mendoza et al.•Journal of Development Economics•2008

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    Thomas J Sargent, Neil Wallace•Journal of Political Economy•1975

  • Legal Restrictions, "Sunspots," and Peel's Bank Act

    B D Smith•Journal of Political Economy•1988

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    Paul A Samuelson•Journal of Political Economy•1958

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    James Tobin•Journal of Political Economy•1955

  • Chronicle of a Deflation Unforetold

    François R Velde•Journal of Political Economy•2009

  • Bank Runs, Deposit Insurance, and Liquidity

    Douglas W Diamond, Philip H Dybvig•Journal of Political Economy•1983

  • The Real-Bills Doctrine versus the Quantity Theory

    Thomas J Sargent, Neil Wallace•Journal of Political Economy•1982

  • Dynamic Macroeconomic Theory

    Kerry Patterson, Thomas J Sargent et al.•The Economic Journal•1988

  • An Inquiry into the Nature and Causes of the Wealth of Nations

    Adam Smith, Edwin Cannan et al.•An inquiry into the nature and…•1977

Obras citantes distintas2
Citas por año0,22
Intervalo de citas2017 - 2022 (6)
Velocidad de citaciónhistorical
Altamente citadoNo
Tipos de citaNeutras: 2
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