Equilibrium bank runs

Journal of Political Economy

Volumn 111, Issue 1, 2003, Pages 103-123

  Peck, James ^a   Shell, Karl ^b  

^a OHIO STATE UNIVERSITY   (United States)

^b Department of Obstetrics Gynecology   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; THEORETICAL STUDY;

EID: 0037302022     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/344803     Document Type: Article

References (17)

1. Allen, Franklin, and Gale, Douglas. "Financial Contagion." J.P.E. 108 (February 2000): 1-33.
2. Bryant, John. "A Model of Reserves, Bank Runs, and Deposit Insurance." J. Banking and Finance 4 (December 1980): 335-44.
3. Calomiris, Charles W., and Kahn, Charles M. "The Role of Demandable Debt in Structuring Optimal Banking Arrangements." A.E.R. 81 (June 1991): 497-513.
4. Champ, Bruce; Smith, Bruce D.; and Williamson, Stephen D. "Currency Elasticity and Banking Panics: Theory and Evidence." Canadian J. Econ. 29 (November 1996): 828-64.
5. Cooper, Russell, and Ross, Thomas W. "Bank Runs: Liquidity Costs and Investment Decisions." J. Monetary Econ. 41 (February 1998): 27-38.
6. Diamond, Douglas W. "Liquidity, Banks, and Markets." J.P.E. 105 (October 1997): 928-56.
7. Diamond, Douglas W., and Dybvig, Philip H. "Bank Runs, Deposit Insurance, and Liquidity." J.P.E. 91 (June 1983): 401-19.
8. Diamond, Douglas W., and Rajan, Raghuram G. "Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking." J.P.E. 109 (April 2001): 287-327.
9. Green, Edward J., and Lin, Ping. "Diamond and Dybvig's Classic Theory of Financial Intermediation: What's Missing?" Fed. Reserve Bank Minneapolis Q. Rev. 24 (Winter 2000): 3-13. (a)
10. Green, Edward J., and Lin, Ping. "Implementing Efficient Allocations in a Model of Financial Intermediation." Manuscript. Chicago: Fed. Reserve Bank; Hong Kong: Lingnan Univ., 2000. (b)
11. Jacklin, Charles J. "Demand Deposits, Trading Restrictions, and Risk Sharing." In Contractual Arrangements for Intertemporal Trade, edited by Edward C. Prescott and Neil Wallace. Minneapolis: Univ. Minnesota Press, 1987.
12. Kiyotaki, Nobuhiro, and Moore, John. "Credit Cycles." J.P.E. 105 (April 1997): 211-48.
13. Lagunoff, Roger, and Schreft, Stacey L. "A Model of Financial Fragility." J. Econ. Theory 99 (July-August 2001): 220-64.
14. Peck, James, and Shell, Karl. "Bank Portfolio Restrictions and Equilibrium Bank Runs." Working Paper no. 99-07. Ithaca, N.Y.: Cornell Univ., Center Analytic Econ., July 1999.
15. Postlewaite, Andrew, and Vives, Xavier. "Bank Runs as an Equilibrium Phenomenon." J.P.E. 95 (June 1987): 485-91.
16. Wallace, Neil. "Another Attempt to Explain an Illiquid Banking System: The Diamond and Dybvig Model with Sequential Service Taken Seriously." Fed. Reserve Bank Minneapolis Q. Rev. 12 (Fall 1988): 3-16.
17. Wallace, Neil. "A Banking Model in Which Partial Suspension Is Best." Fed. Reserve Bank Minneapolis Q. Rev. 14 (Fall 1990):