It is known that sunspots can trigger panic-based bank runs and that the optimal banking contract can tolerate panic …. Depositors observe different, but correlated, signals on the stability of the bank. I find that if the signals that depositors …, either a full bank run, or a partial bank run, or non bank run occurs depending on the realization of the signals. Computed …

Consider a competitive bank whose illiquid asset portfolio is funded by short-term debt that has to be refinanced … of social externalities of bank failures further lowers the optimal level of transparency. Moreover, asset risk taking …

It is known that sunspots can trigger panic-based bank runs and that the optimal banking contract can tolerate panic …. Depositors observe different, but correlated, signals on the stability of the bank. I find that if the signals that depositors …, either a full bank run, or a partial bank run, or non bank run occurs depending on the realization of the signals. Computed …

imitator types. -- social preferences ; reciprocity ; moral hazard ; reputation ; Internet ; psychological game theory …