Financial Law and Risk Control
Interbank Lending and Systemic Risk
Jean-Charles Rochet and Jean Tirole
- Year
- 1996
- Venue
- Journal of Money, Credit and Banking
- Level
- Advanced
Summary
Models interbank lending as a source of both monitoring incentives and contagion risk. The paper helps connect payment-system design, supervisory policy, and systemic-risk externalities.
Citation
Jean-Charles Rochet and Jean Tirole. "Interbank Lending and Systemic Risk." Journal of Money, Credit and Banking, 1996.
BibTeX
@article{Rochet1996Interbank,
title = {Interbank Lending and Systemic Risk},
author = {Jean-Charles Rochet and Jean Tirole},
year = {1996},
journal = {Journal of Money, Credit and Banking},
url = {https://www.jstor.org/stable/2078018}
}