Nous introduisons la garantie des dépôts dans une version modifiée du modèle de Diamond (1984). Nous faisons les deux hypothèses suivantes. Premièrement, il y a des limites à la diversification du portefeuille de prêts. Deuxièmement, la distribution de probabilités des revenus du...

Nous introduisons la garantie des dépôts dans une version modifiée du modèle de Diamond (1984). Nous faisons les deux hypothèses suivantes. Premièrement, il y a des limites à la diversification du portefeuille de prêts. Deuxièmement, la distribution de probabilités des revenus du...

We construct a model in which a banking panic is triggered by the banker, not the depositors. When a banker receives a pessimistic information on the return of the bank s assets, he liquidates them prematurely in order to protect his capital. In the face of this liquidation, all depositors...

[eng] The microeconomic foundations of the concept of bank run : a survey . . This article is intended to introduce some recent developments on the analysis of bank panics. It shows that banks and depositors face a problem of coordination of their behavior which can be due to informational...

In this paper, we develop a new interpretation of the Diamond-Dybvig [1983] model which leads to a new concept of money. We define money as a portfolio made up by a zero-coupon bond and a put option of this bond to the bank. To hold a demand deposit contract is equivalent to hold this portfolio....

Through this paper, we propose a preliminary theoretical framework to understand consumer’s trust determinants within the context of purchasing on Internet. First, we present a synoptical literature overview of trust conceptualisation in the marketing literature. Then, we propose a preliminary...