Equilibrium bank runs revisited

Ed Nosal

Peck and Shell (2003) show that it is possible to get a bank run in a Diamond-Dybvig environment. The mechanism they use, however, is not an optimal one. When an optimal mechanism is used, the bank run equilibrium disappears.

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Year of publication:	2011 ; This version: November 2011
Authors:	Nosal, Ed
Publisher:	Chicago, Ill. : Federal Reserve Bank of Chicago
Subject:	Bankenkrise \| Banking crisis \| Einlagengeschäft \| Deposit banking \| Sunspots \| Spieltheorie \| Game theory \| Vertragstheorie \| Contract theory

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Extent:	Online-Ressource (PDF-Datei: 10, 6 S., 214,50 KB)
Series:	Working papers / Federal Reserve Bank of Chicago. - Chicago, Ill. : [Verlag nicht ermittelbar], ISSN 1936-5276, ZDB-ID 2186680-6. - Vol. 2011-13
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/70545 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009633534