Title of article :
Couldmakingbanksholdonlyliquidassetsinducebankruns?$
Author/Authors :
James Peck، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2010
Abstract :
Restrictionsplacedonbankportfoliosareanalyzedinabankingmodeldesignedto
capturetheroleofcheckingaccountsinfacilitatingtransactions.Forcingbankstohold
only liquidassetscreatestheincentiveforliquidity-basedruns.Evenwhenarundoes
not occur,welfareisreducedasaresultofoverinvestmentintheliquidasset
Keywords :
Bank runsBank stabilityDeposit contractsGlass–Steagall bankingMechanism designPortfolio restrictionsSunspot equilibrium
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics
