Title:

A Theory of Collateral for the Lender of Last Resort

Authors:

Dong Beom Choi (Seoul National U)
João Santos (U Nova, Fed Res Bk of New York)
Tanju Yorulmazer (Koc U)

Journal:

Review Of Finance

Year:

2021

Volume:

25

Number:

4

Pages:

973-996

JEL codes:

E44 - Financial Markets and the Macroeconomy
E58 - Central Banks and Their Policies