Liquidity Requirements, Liquidity Choice and Financial Stability
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We study a modification of the Diamond and Dybvig (1983) model in which the bank may hold a liquid asset, some depositors see sunspots that could lead them to run, and all depositors have incomplete information about the banks ability to survive a run. The incomplete information means that the bank
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美国国家经济研究局创建时间：
2016-03-01
