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- Title
Cash-in-the-market pricing and optimal resolution of bank failures.
- Authors
Acharya, Viral; Yorulmazer, Tanju
- Abstract
The article presents a summary of the working paper "Cash-in-the-market pricing and optimal resolution of bank failures," by Viral Acharya and Tanju Yorulmazer. The paper introduces ideas that aimed to help optimal bank failure resolution policies and handle cash-in-the-market pricing of failed banks' asserts. One idea suggests one particular failed bank to sell its assets to surviving banks and outsiders at market-clearing prices. Another suggests it to bail out and continue the operation.
- Subjects
BANKING industry; WORKING papers; MONETARY policy; BANK management; ACHARYA, Viral; YORULMAZER, Tanju; BANK failures
- Publication
Bank of England Quarterly Bulletin, 2007, Vol 47, Issue 3, p417
- ISSN
0005-5166
- Publication type
Article