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

Atlantic Council  | Fri, Mar 17, 2023

by Hung Tran

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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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