Banking, Liquidity and Bank Runs in an Infinite-Horizon Economy
收藏数据链接：
官方服务：
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
