Banking, Liquidity and Bank Runs in an Infinite-Horizon Economy
收藏NBER2013-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19129
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资源简介：
We develop a variation of the macroeconomic model with banking in Gertler and Kiyotaki (2011) that allows for liquidity mismatch and bank runs as in Diamond and Dybvig (1983). As in Gertler and Kiyotaki, because bank net worth fluctuates with aggregate production, the spread between the expected
提供机构：
美国国家经济研究局
创建时间：
2013-06-01
