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dc.contributor.advisorGu, Chao, 1975-eng
dc.contributor.authorWei, Xingpengeng
dc.date.issued2018eng
dc.date.submitted2018 Springeng
dc.descriptionField of study: Economics.eng
dc.descriptionDr. Chao Gu, Dissertation Supervisor.eng
dc.descriptionIncludes vita.eng
dc.description"May 2018."eng
dc.description.abstract[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] This dissertation consists of two chapters. In the first chapter, I examine the tradeoff between bank competition and financial stability resulting from the capital requirement when an unexpected bank run may happen. Built on the framework of Diamond-Dybvig, the model shows that a higher capital requirement tightens banks' capacity for taking deposits, thus reducing the intensity of competition between banks and at the same time improving financial stability. However, the total effect of capital requirement on welfare is not monotone. The second chapter extends the work of the first chapter and shows that in an environment where run is expected ex ante, sufficient capital and optimally set capital requirement can still achieve first-best allocation, thus run probability will not matter if the capital requirement is optimally chosen. A bank's contracts in economies with different run probabilities are also examined.eng
dc.description.bibrefIncludes bibliographical references (pages 67-70).eng
dc.format.extent1 online resource (vi, 71 pages) : illustrations (some color)eng
dc.identifier.merlinb129182941eng
dc.identifier.oclc1098240649eng
dc.identifier.urihttps://hdl.handle.net/10355/66199
dc.languageEnglisheng
dc.publisherUniversity of Missouri--Columbiaeng
dc.relation.ispartofcommunityUniversity of Missouri--Columbia. Graduate School. Theses and Dissertationseng
dc.rightsAccess is limited to the campuses of the University of Missouri.eng
dc.titleCapital requirement and financial stabilityeng
dc.typeThesiseng
thesis.degree.disciplineEconomics (MU)eng
thesis.degree.grantorUniversity of Missouri--Columbiaeng
thesis.degree.levelDoctoraleng
thesis.degree.namePh. D.eng


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