Morgan, Donald; Samolyk, Kathrine - In: Journal of Financial Services Research 45 (2014) 3, pp. 271-286
Banks and other intermediaries may help savers commit to investment plans that savers could not stick to if they held assets directly. We illustrate this commitment function using a version of the Diamond and Dybvig (<CitationRef CitationID="CR9">1983</CitationRef>) model where savers’ short-run liquidity needs are correlated with...</citationref>
