We develop a theory of bank liquidity (cash reserve) requirements. Because cash is both observable and riskless …, greater cash holdings improve bank incentives to manage risk in the remaining, non-cash portfolio of risky assets. In a model … with a single bank, cash is held voluntarily to stem depositors' incentives to withdraw funds early in response to adverse …

liquidity crises' were a relatively unimportant influence on bank failure risk prior to 1933. We construct upper-bound measures … changes in the importance of liquidity measures for forecasting bank failures. The third banking crisis they identify is a …This paper provides the first comprehensive econometric analysis of the causes of bank distress during the Depression …

liquidity crises' were a relatively unimportant influence on bank failure risk prior to 1933. We construct upper-bound measures … changes in the importance of liquidity measures for forecasting bank failures. The third banking crisis they identify is a …This paper provides the first comprehensive econometric analysis of the causes of bank distress during the Depression …

If stable and efficient banks are such a good idea, why are they so rare? -- The game of bank bargains -- Tools of … colonial times to 1990 -- The new U.S. bank bargain : megabanks, urban activists, and the erosion of mortgage standards …

Bank failures during banking crises, in theory, can result either from unwarranted depositor withdrawals during events … characterized by contagion or panic, or as the result of fundamental bank insolvency. Various views of contagion are described and … Depression. Panics or ""contagion"" played a small role in bank failure, during or before the Great Depression-era distress …