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https://doi.org/10.1016/j.econlet.2019.03.012
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Cite Journal: Economics Letters |  Publication Date: Mar 12, 2019 |
 Citations: 1 |
Affiliation: University of Milan
In a transparent and parsimonious moral hazard setting, various types of inefficiencies of deposit rate ceilings are identified. Welfare with ceilings may be lower than welfare without these and a more risky environment may render deposit rate ceilings impotent.
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