Browsing Economics publications (MU) by Title "Asymmetric Information and Bank Runs"
Now showing items 1-1 of 1
-
Asymmetric Information and Bank Runs
(Department of Economics, 2007)It is known that sunspots can trigger panic-based bank runs and that the optimal banking contract can tolerate panic-based runs. The existing literature assumes that these sunspots are based on a publicly observed, extrinsic ...