A Behavioral Model of Demandable Deposits and its Implications for Financial Regulation
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A model is developed which rationalizes contracts that give depositors the right to obtain funds on demand even when depositors intend to use these funds for consumption in the future. This is explained by depositor overoptimism regarding their own ability to collect funds in a run. Capitalized
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美国国家经济研究局创建时间：
2010-12-01
