Bank Runs, Fragility, and Regulation
收藏NBER2024-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32341
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资源简介：
We examine banking regulation in a macroeconomic model of bank runs. We construct a general equilibrium model where banks may default because of fundamental or self-fulfilling runs. With only fundamental defaults, we show that the competitive equilibrium is constrained efficient. However, when banks
提供机构：
美国国家经济研究局
创建时间：
2024-04-01
