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written hearings western & pacific pipelines inc. on behalf of pipestone pipelines ltd.

83 victoria street, londres, sw1h ohw
83 victoria street, london, sw1h ohw

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links between corruption and contagion author raphael h. solomon type working paper 2005-23 date of publication september 2005 language english abstract the author describes a model with a corrupt banking system, in which bankers knowingly lend at market interest rates to back projects riskier than the market rate indicates. faced with early withdrawals, bankers turn to an interbank market, which may be available in an unfettered way, available but subject to screening, or unavailable.