connectivity may destabilize the financial system via the bank-run channel. This is because it decreases the risk-sharing benefits … of interbank connectivity. A bank-run model features two islands that are connected via a long term debt claim. Varying … the size of this claim (interbank connectivity), I study how the decision to 'run on the bank' is affected. I run a …

as a store of value and heterogeneous beliefs about bank stability that accounts for this evidence. Only consumers who … are sufficiently pessimistic about bank stability hold cash. The introduction of a central bank digital currency (CBDC) as … a store of value lowers the storage cost of public money and induces partial bank disintermediation, which is …

This manual addresses problem bank resolution from the time a bank is identified as being in financial trouble through … own closing processes. The book draws on the author's lengthy career as a bank liquidator for the Federal Deposit … bank failures; the importance of public and media relations; measures and procedures used by a supervisory authority to …