Kenan-Flagler Business School
Chapel Hill, NC 27599-3490
University of North Carolina (UNC) at Chapel Hill - Finance Area
Coordination Failures, Government Intervention, Information Design, Financial Crisis, Global Games
Bank Lending Standards, Dynamic Adverse Selection, Credit Cycle
lending of last resort, discount window stigma, Term Auction Facility, adverse selection
private learning, experimentation, reputation, relationship banking, information monopoly, debt rollover, extend and pretend, adverse selection, dynamic games
liquidity, pledgeability, financial cycle, monitoring, loans, performance-pricing debt, intermediary capital
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