兼松セミナー　(Kanematsu Seminar)

日時：
（Date&Time)		 2008年9月12日（金）午後2時から (Friday, September 12, 2008, 2:00pm〜）
報告者：
（Speaker）		 Uwe Friedrich VOLLMER
所属：
（Affiliation）		 ライプツィッヒ大学経済学部 （Economics Department, University of Leipzig）
論題：
（Topic）		 Public bail-out for banks: Consequences for bank lending
概要：
(Abstract)		 We examine the consequences of a public bail-out for banks in a model where financial contracts are assumed to be incomplete. We assume that the public owner of a bank is forced to cover losses whenever the bank's repayment obligations to demandable depositors exceeds credit allowances. This changes the bank owners' bargaining position during renegotiations with the banker and weakens their threat point. The consequence is that the banker is able to attract more demandable deposits but less capital. We derive conditions under which the first effect outweighs the second and show that a public bail-out of banks may in this case allow a bank to finance more projects.
会場：
(Place)		 神戸大学経済経営研究所　調査室 （兼松記念館1階）
Seminar Room at RIEB (Kanematsu Memorial Hall 1st Floor)
対象：
（Intended Audience)		 教員、院生および同等の知識をお持ちの方
Faculty, Graduate Students and People with Equivalent Knowledge
使用言語：
（Language)		 英語
English
備考：
(Note)

論文のコピーは研究助成室にご用意しております。
Copies of the paper are available at Research Assistant Room.