In Which Context is the Option Clause Desirable?
The option clause is a contractual device from free banking experiences meant to prevent banknote redemption duels. It has been used within the Diamond and Dybvig (J Pol Econ 91: 401–419, 1983) framework to suggest that very simple contractual solutions can act as an alternative to deposit insurance...
| Main Author: | |
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| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer Science + Business Media B. V
2016
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| In: |
Journal of business ethics
Year: 2016, Volume: 139, Issue: 2, Pages: 287-297 |
| Further subjects: | B
Free banking
B G33 B Option clause B G21 B Insolvency B Financial stability B N23 B Bank runs |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |