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Bank Runs: Speculative Runs and Fundamental Runs
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Oh, Seonghwan | - |
dc.contributor.author | Wrase, Jeffrey | - |
dc.date.accessioned | 2009-01-15T05:49:39Z | - |
dc.date.available | 2009-01-15T05:49:39Z | - |
dc.date.issued | 1991-07 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.4 No.3, pp. 199-214 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/933 | - |
dc.description.abstract | This paper analyzes deposit contracts when banks face alternative types of bank runs. The bank in our model can prevent speculative types of bank runs, which arise when depositors believe that deposit withdrawal volume will lead the bank into insolvency, by designing contracts that allow for payment suspension. However, suspension does not eliminate fundamental runs which arise when depositors calculate, given new information revealing low returns, that deposit withdrawal dominates deposit retention. The bank can eliminate fundamental runs by restricting payments. Then, deposit claim depreciation depends on expected returns and withdrawal volume prior to restriction. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Diamond and Dybvig | - |
dc.subject | DD model | - |
dc.subject | restricting payments | - |
dc.title | Bank Runs: Speculative Runs and Fundamental Runs | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 오성환 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 214 | - |
dc.citation.number | 3 | - |
dc.citation.pages | 199-214 | - |
dc.citation.startpage | 199 | - |
dc.citation.volume | 4 | - |
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