Network, established in 2012, brings together researchers from around the world with access to micro-level data on individual … affects bank lending depends on whether the banks are drawing on official-sector liquidity facilities. Third, liquidity …

We analyze a variant of the Diamond-Dybvig (1983) model of banking in which savers can use a bank to invest in a risky … project operated by an entrepreneur. The savers can buy equity in the bank and save via deposits. The bank chooses to invest … in a safe asset or to fund the entrepreneur. The bank and the entrepreneur face limited liability and there is a …

mismatch in their balance sheets. The data suggest that foreign banks had to borrow from the Federal Reserve Bank to meet their …

The 2008 financial crisis is reminiscent of a bank run, but not quite. In particular, it is financial institutions … withdrawing deposits from some core financial institutions, rather than depositors running on their local bank. These core … discounts to do so. I therefore set out to provide a model of a systemic bank run delivering six stylized key features of this …