Tian, Guoqiang; Zhao, Yupu; Gong, Rukai - In: China political economy 2 (2019) 1, pp. 53-72
Purpose In the transitional process of promoting market-oriented interest rate, China is confronted with an important theoretical and practical issue: how to avoid bank runs and realize the smooth operation of the financial system. The purpose of this paper is to construct a bank-run dynamic...