Bank risk, bailouts and ambiguity

Research output: ThesisDoctoral Thesis

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Abstract

The theoretical analysis in the second part investigates the effect of liquidity assistance and bailouts on bank risk taking and liquidity choice. Furthermore, it explores the possibilities for central banks to create ambiguity about liquidity assistance, thereby influencing bank choices. The results in this thesis have implications for the reform of financial regulation and the safety net. Banks have become more systemically relevant; new regulation has to take this into account. Moreover, a new financial safety net should involve suitable bailout penalties and central banks that can resort to constructive ambiguity to give banks proper incentives.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Eijffinger, Sylvester, Promotor
Award date21 Dec 2012
Place of PublicationTilburg
Publisher
Print ISBNs9789056683399
Publication statusPublished - 2012

Fingerprint

Bailouts
Bank risk
Liquidity
Central bank
Financial regulation
Resorts
Bailout
Theoretical analysis
Financial safety net
Penalty
Incentives
Bank risk taking
Safety net

Cite this

Nijskens, R. G. M. (2012). Bank risk, bailouts and ambiguity. Tilburg: CentER, Center for Economic Research.
Nijskens, R.G.M.. / Bank risk, bailouts and ambiguity. Tilburg : CentER, Center for Economic Research, 2012. 171 p.
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Nijskens, RGM 2012, 'Bank risk, bailouts and ambiguity', Doctor of Philosophy, Tilburg University, Tilburg.

Bank risk, bailouts and ambiguity. / Nijskens, R.G.M.

Tilburg : CentER, Center for Economic Research, 2012. 171 p.

Research output: ThesisDoctoral Thesis

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T1 - Bank risk, bailouts and ambiguity

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PY - 2012

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AB - The theoretical analysis in the second part investigates the effect of liquidity assistance and bailouts on bank risk taking and liquidity choice. Furthermore, it explores the possibilities for central banks to create ambiguity about liquidity assistance, thereby influencing bank choices. The results in this thesis have implications for the reform of financial regulation and the safety net. Banks have become more systemically relevant; new regulation has to take this into account. Moreover, a new financial safety net should involve suitable bailout penalties and central banks that can resort to constructive ambiguity to give banks proper incentives.

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Nijskens RGM. Bank risk, bailouts and ambiguity. Tilburg: CentER, Center for Economic Research, 2012. 171 p. (CentER Dissertation Series).