Books by Bengt Holmstrom and Jean Tirole
Private and Public Supply of Liquidity (Journal of Political Economy, Vol. 106, No. 1, February 1998)
by Bengt Holmstrom and Jean Tirole
How do you get around the moral hazard problem, or at least reduce the severity of that problem? In Holmstrom-Tirole, this is done by seeing that the owners of a bank investing in risky projects bear some of the risk themselves.
Interviews where books by Bengt Holmstrom and Jean Tirole were recommended
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1
Bank Runs, Deposit Insurance and Liquidity (Journal of Political Economy, Vol. 91, No. 3, June 1983)
by Douglas Diamond and Philip Dybvig -
2
Private and Public Supply of Liquidity (Journal of Political Economy, Vol. 106, No. 1, February 1998)
by Bengt Holmstrom and Jean Tirole -
3
The Prudential Regulation of Banks
by Mathias Dewatripont and Jean Tirole -
4
Credit Cycles (Journal of Political Economy, Vol. 105, No. 2, April 1997)
by Nobuhiro Kiyotaki and John Moore -
5
Leverage Cycles and the Anxious Economy (American Economic Review, Vol. 98, No. 4, September 2008)
by Ana Fostel and John Geanakoplos
Economic Theory and the Financial Crisis: A Reading List, recommended by Eric Maskin
Economic Theory and the Financial Crisis: A Reading List, recommended by Eric Maskin
The 2007 Nobel Economics Prize winner says that, contrary to popular perception, economic theory did a good job of predicting the financial crisis, it’s just that no one was paying any attention. Eric Maskin talks us through four journal articles and one book on ‘economic theory and the financial crisis.’
