Selvaretnam, Geethanjali - In: Scottish Journal of Political Economy 61 (2014) 5, pp. 537-558
type="main" xml:id="sjpe12057-abs-0001" <title type="main">Abstract</title> <p>A global game framework of bank runs is used to analyse a bank's choice of its reserve level and short-term interest rate. Higher level of reserves and a lower short-term interest rate would decrease the probability of bank runs. When the bank's...</p>