Bank runs: Liquidity costs and investment distortions

In this paper we extend the Diamond and Dybvig (1983) model of intermediation to study further the conditions under which bank runs can occur and to consider how private parties might adjust to the existence of bank-run equilibria. We provide weaker necessary conditions for runs. We then characteriz...

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Veröffentlicht in:	Journal of monetary economics 1998-02, Vol.41 (1), p.27-38
Hauptverfasser:	Cooper, Russell, Ross, Thomas W.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank liquidity Bank runs Banking Debt Economic models Investment Liquidity Liquidity costs Monetary economics Return on investment Studies U.S.A
Online-Zugang:	Volltext
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