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| 02368cam 2200373zi 4500 |
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| 001 | 9.888234 |
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| 003 | CaOODSP |
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| 005 | 20221107171930 |
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| 006 | m o d f |
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| 007 | cr cn||||||||| |
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| 008 | 200615t20202020onca ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 086 | 1 |aFB3-5/2020-23E-PDF |
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| 100 | 1 |aAhnert, Toni, |eauthor. |
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| 245 | 10|aTrading for bailouts / |cby Toni Ahnert, Caio Machado and Ana Elisa Pereira. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020. |
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| 264 | 4|c©2020 |
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| 300 | |a1 online resource (51 pages) : |bcolour illustrations. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2020-23 |
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| 500 | |a"Last updated: June 4, 2020." |
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| 504 | |aIncludes bibliographical references (pages 30-31). |
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| 520 | 3 |a"Government interventions such as bailouts are often implemented in times of high uncertainty. Policymakers may therefore rely on information from financial markets to guide their decisions. We propose a model in which a policymaker learns from market activity and where market participants have high stakes in the intervention. We study how the strategic behavior of informed traders affects market informativeness, the probability and efficiency of bailouts, and stock prices. We apply the model to study the liquidity support of distressed banks and derive implications for market informativeness and policy design. Commitment to a minimum liquidity support can increase market informativeness and welfare"--Abstract. |
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| 650 | 0|aIntervention (Federal government)|xEconometric models. |
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| 650 | 0|aBailouts (Government policy) Econometric models|xEconometric models. |
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| 650 | 0|aStocks|xPrices|xEconometric models. |
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| 650 | 6|aIntervention (Gouvernement fédéral)|xModèles économétriques. |
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| 650 | 6|aRenflouement (Finances)|xModèles économétriques. |
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| 650 | 6|aActions (Titres de société)|xPrix|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2020-23.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1,014 KB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-23-eng.pdf |
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