search query: @indexterm Banking / total: 3069
reference: 383 / 3069
| Author: | Peck, J. Shell, K. |
| Title: | Equilibrium bank runs |
| Journal: | Journal of Political Economy
2003 : FEB, VOL. 111:1, p. 103-123 |
| Index terms: | Banking Bank deposits Models |
| Language: | eng |
| Abstract: | The paper analyzes a banking system in which the class of feasible deposit contracts, or mechanisms, is broad. The mechanisms must satisfy a sequential service constraint, but partial or full suspension of convertibility is allowed. Consumers must be willing to deposit. The paper shows, by examples, that under the so-called “optimal contract”, the postdeposit game can have a run equilibrium. |
SCIMA