A Model for Financial Intermediation and Public Intervention.

based on Chari and Jagannathan (1988), this paper models information-induced and "pure-panic"runs in an environment of risk-aves agents. In this framework, deposits are needed to provide insurance against investors'unexpected demand for liquidity and therefore, a role for financial intermediary is justified.

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Year of publication:	1996
Authors:	Samartin, M.
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	INFORMATION \| RISK \| INVESTMENTS \| ECONOMIC MODELS

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	53 pages
Classification:	E20 - Consumption, Saving, Production, Employment, and Investment. General ; E22 - Capital; Investment (including Inventories); Capacity ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005669260