Bank Runs, Fragility, and Credit Easing
收藏NBER2021-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29397
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资源简介：
We present a tractable dynamic general equilibrium model of self-fulfilling bank runs, where banks trade capital in competitive and liquid markets but remain vulnerable to runs due to a loss of creditor confidence. We characterize how the vulnerability of an individual bank depends on its leverage
提供机构：
美国国家经济研究局
创建时间：
2021-10-01
