Member Spotlight

Bailouts Create a Moral Hazard Even if They're Justified. Is There Another Way?

Atlantic Council  | Fri, Mar 17, 2023

by Hung Tran


BWC member Hung Tran argues "a much better approach would have been to protect large depositors up to the value of the closed banks’ high-quality bond portfolios, which are eligible as collateral to borrow from the newly launched Bank Term Funding Program."

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