Contagious bank runs

International Review of Economics and Finance

Volumn 8, Issue 2, 1999, Pages 131-146

  Bougheas, Spiros ^a  

^a STAFFORDSHIRE UNIVERSITY   (United Kingdom)

Author keywords

Bank runs; Illiquidity; Insolvency

Indexed keywords

EID: 0033147438     PISSN: 10590560     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1059-0560(99)00011-8     Document Type: Article

References (35)

1. Aghion, P., & Bolton, P. (1992). An incomplete contracts approach to financial contracting. Review of Economic Studies 59, 473-494.
2. Bagehot, W. (1873). Lombard Street. London: John Wiley & Sons.
3. Benston, G., & Kaufman, G. (1996). The appropriate role of bank regulation. Economic Journal 106, 688-697.
4. Bernanke, B. (1983). Nonmonetary effects of the financial crisis in the propagation of the Great Depression. American Economic Review 73, 257-276.
5. Bhattacharya, S., & Gale, D. (1987). Preference shocks, liquidity, and central bank policy. In W. Barnett & K. Singleton (Eds.), New Approaches to Monetary Economics (pp. 69-88). New York: Cambridge University Press.
6. Bryant, J. (1980). A model of reserves, bank runs, and deposit insurance. Journal of Banking and Finance 4, 335-344.
7. Calomiris, C., & Mason, J. (1997). Contagion and bank failures during the Great Depression: The June 1932 Chicago banking panic. American Economic Review 87, 863-883.
8. Chari, V., & Jagannathan, R. (1988). Banking panics, information, and rational expectations equilibrium. Journal of Finance 43, 749-763.
9. Diamond, D., & Dybvig, D. (1983). Bank runs, deposit insurance, and liquidity. Journal of Political Economy 91, 401-419.
10. Dowd, K. (1996). The case for financial laissez-faire. Economic Journal 106, 679-687.
11. Drees, B. (1992). Financial institutions or asset markets: Alternative trading and banking arrangements as risk sharing mechanisms. European Journal of Political Economy 8, 175-200.
12. Engineer, M. (1989). Bank runs and the suspension of deposit convertibility. Journal of Monetary Economics 24, 443-454.
13. Freeman, S. (1988). Banking as the provision of liquidity. Journal of Business 61, 45-64.
14. Friedman, M., & Schwartz, A. (1963). A Monetary History of the United States 1867-1960. Princeton: Princeton University Press.
15. Gorton, G. (1988). Banking panics and business cycles. Oxford Economic Papers 40, 751-781.
16. Hasan, I., & Dwyer, G. (1994). Bank runs in the free banking period. Journal of Money, Credit, and Banking 26, 271-288.
17. Haubrick, J., & King, R. (1990). Banking and insurance. Journal of Monetary Economics 26, 361-386.
18. Jacklin, C. (1987). Demand deposits, trading restrictions, and risk sharing. In E. Prescott & N. Wallace (Eds.), Contractual Arrangements for Intertemporal Trade (pp. 27-47). Minneapolis: University of Minnesota Press.
19. Jacklin, C., & Bhattacharya, S. (1988). Distinguishing panics and information-based bank runs: Welfare and policy implications. Journal of Political Economy 96, 568-592.
20. Kaufman, G. (1994). Bank contagion: A review of the theory and evidence. Journal of Financial Services Research 8, 123-150.
21. Kaufman, G. (1988). Bank runs: Causes, benefits, and costs. Cato Journal 7, 559-587.
22. Loewy, M. (1991). The macroeconomic effects of bank runs: An equilibrium analysis. Journal of Financial Intermediation 1, 242-256.
23. Park, S. (1991). Bank failure contagion in historical perspective. Journal of Monetary Economics 28, 271-286.
24. Postlewaite, A., & Vives, X. (1987). Bank runs as an equilibrium phenomenon. Journal of Political Economy 95, 485-491.
25. Qi, J. (1994). Bank liability and stability in an overlapping generations model. Review of Financial Studies 7, 389-417.
26. Rolnick, A., & Weber, W. (1984). The causes of free bank failures: A detailed examination. Journal of Monetary Economics 14, 267-292.
27. Saunders, A., & Wilson, B. (1996). Contagious bank runs: Evidence from the 1929-33 period. Journal of Financial Intermediation 5, 409-423.
28. Schnadt, R., & Whittaker, J. (1992). A suggestion for the operating practices of the European Central Bank. Economies et Sociétés 9, 133-145.
29. Smith, B. (1984). Private information, deposit interest rates, and the 'stability' of the banking system. Journal of Monetary Economics 14, 293-317.
30. Smith, B. (1991). Bank panics, suspensions, and geography: Some notes on the 'contagion of fear' in banking. Economic Inquiry 29, 230-248.
31. Sprague, O. (1910). History of Crises under the National Banking System. Washington: U.S. Government Printing Office.
32. Temzelides, T. (1997). Evolution, coordination, and banking panics. Journal of Monetary Economics 40, 163-183.
33. Timberlake, R. (1984). The central banking role of clearinghouse associations. Journal of Money, Credit, and Banking 16, 1-15.
34. Wigmore, B. (1987). Was the bank holiday of 1933 caused by a run on the dollar? Journal of Economic History 47, 739-755.
35. Williamson, S. (1988). Liquidity, banking, and bank failures. International Economic Review 29, 25-43.