Information-based bank runs in a monetary economy

Journal of Macroeconomics

Volumn 20, Issue 4, 1998, Pages 681-702

  Loewy, Michael B ^a  

^a UNIVERSITY OF SOUTH FLORIDA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0032347082     PISSN: 01640704     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0164-0704(98)00079-2     Document Type: Article

References (26)

1. Alonso, Irasema. "On Avoiding Bank Runs." Journal of Monetary Economics 37 (February 1996): 73-87.
2. Bernanke, Ben S. "Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression." American Economic Review 73 (June 1983): 257-76.
3. _. "The Macroeconomics of the Great Depression: A Comparative Approach." Journal of Money, Credit, and Banking 27 (February 1995):1-28.
4. Bernanke, Ben S., and Mark Gertler. "Banking and Macroeconomic Equilibrium." In New Approaches to Monetary Economics, edited by William A. Barnett and Kenneth J. Singleton, 89-111. New York: Cambridge University Press, 1987.
5. Bhattacharya, Sudipto, and Douglas Gale. "Preference Shocks, Liquidity, and Central Bank Policy." In New Approaches to Monetary Economics, edited by William A. Barnett and Kenneth J. Singleton, 69-88. New York: Cambridge University Press, 1987.
6. Bhattacharya, Sudipto, and Anjan V. Thakor. "Contemporary Banking Theory." Journal of Financial Intermediation 3 (October 1993): 2-50.
7. Bryant, John. "A Model of Reserves, Bank Runs, and Deposit Insurance." Journal of Banking and Finance 4 (December 1980): 335-44.
8. _. "Bank Collapse and Depression." Journal of Money, Credit and Banking 13 (November 1981): 454-64.
9. Cagan, Phillip D. Determinants and Effects of Changes in the Stock of Money, 1875-1960. New York: Columbia University Press, 1965.
10. Champ, Bruce, Bruce D. Smith, and Stephen D. Williamson. "Currency Elasticity and Banking Panics: Theory and Evidence." Canadian Journal of Economics 29 (November 1996): 828-64.
11. Chart, V. V. "Banking without Deposit Insurance or Bank Panics: Lessons from a Model of the U.S. National Banking System." Federal Reserve Bank of Minneapolis Quarterly Review 13 (Summer 1989): 3-19.
12. Chari, V. V., and Ravi Jagannathan. "Banking Panics, Information, and Rational Expectations Equilibrium." Journal of Finance 43 (July 1988): 749-63.
13. Diamond, Douglas W., and Philip H. Dybvig. "Bank Runs, Deposit Insurance, and Liquidity." Journal of Political Economy 91 (June 1983): 401-19.
14. Dowd, Kevin. "Models of Banking Instability: A Partial Review of the Literature." Journal of Economic Surveys 6, no. 2 (1992): 107-32.
15. Freeman, Scott. "Banking and the Provision of Liquidity." Journal of Business 61 (January 1988): 45-64.
16. Friedman, Milton, and Anna J. Schwartz. A Monetary History of the United States, 1867-1960. Princeton, NJ: Princeton University Press, 1963.
17. Jacklin, Charles J. "Demand Deposits, Trading Restrictions, and Risk Sharing." In Contractual Arrangements for Intertemporal Trade, edited by Edward C. Prescott and Neil Wallace, 26-47. Minneapolis, MN: University of Minnesota Press, 1987.
18. _. "Banks and Risk Sharing: Instabilities and Coordination." In Financial Markets and Incomplete Information, edited by Sudipto Bhattacharya and George M. Constantinides, 317-27. Totowa, NJ: Roman and Little-field Publishers, 1989.
19. Jacklin, Charles J., and Sudipto Bhattacharya. "Distinguishing Panics and Information-based Bank Runs: Welfare and Policy Implications." Journal of Political Economy 96 (June 1988): 568-92.
20. Loewy, Michael B. "The Macroeconomic Effects of Bank Runs: An Equilibrium Analysis." Journal of Financial Intermediation 1 (June 1991): 242-56.
21. _. "On the Coexistence of Fiat Currency and an Illiquid Banking System." Working Paper. Houston, TX: University of Houston, November 1995.
22. Qi, Jianping. "Bank Liquidity and Stability in an Overlapping Generations Model." Review of Financial Studies 1 (Summer 1994): 389-17.
23. Smith, Bruce D. "Private Information, the Real Bills Doctrine, and the Quantity Theory: An Alternative Approach." In Contractual Arrangements for Intertemporal Trade, edited by Edward C. Prescott and Neil Wallace, 48-80. Minneapolis, MN: University of Minnesota Press, 1987.
24. Waldo, Douglas G. "Bank Runs, the Deposit-Currency Ratio and the Interest Rate." Journal of Monetary Economics 15 (May 1985): 269-77.
25. Wallace, Neil. "Another Attempt to Explain an Illiquid Banking System: The Diamond and Dybvig Model with Sequential Service Taken Seriously." Federal Reserve Bank of Minneapolis Quarterly Review 12 (Fall 1988): 3-16.
26. _. "A Banking Model in Which Partial Suspension is Best." Federal Reserve Bank of Minneapolis Quarterly Review 14 (Fall 1990): 11-23.