in government money, where the terms of bank deposit contracts are affected by the liquidity insurance available in … contracts combined with a central bank lender-of-last-resort facility to promote efficient liquidity insurance and a panic … framework in which fractional reserve banks emerge in equilibrium, where bank assets are funded with liabilities made demandable …

We consider environmental risks that are evaluated too much heavy for a single insurance company, but they can be …

fluctuations generate a balance sheet channel, is used to rationalize the evidence. A monetary expansion increases bank leverage …