Add to ORKGThis paper demonstrates that the fractional reserve system is a source of instability in commercial and investment banks. The purpose of investment banks is to enhance completeness of financial markets and thereby contribute to an efficient allocation of risk. When funds are raised through commercial banks to transact in securities of investment banks, this can cause instability to commercial and investment banks as is experienced currently in world financial markets
We modify the Diamond and Dybvig (1983) model of banking to jointly study various regulations in the...
The relationship between solvency constraints and bank behaviour in the presence of fixed rate depos...
We analyze an economy with banks and markets and uncover implications of the presence of asset marke...
A bank, acting as a central planner under aggregate full certainty, optimizes liquidity allocation b...
This paper extends Diamond and Dybvig’s model [J. Political Economy 91 (1983) 401] to a framework in...
This paper models information-induced and "pure-panic" runs in the banking system, in an environment...
Banks must maintain minimum capital levels, but a regulated balance sheet implies profit suboptimiza...
Banks supply liquidity to insure individuals against possible short-term consumption shocks. The hig...
This paper highlights the empirical interaction between solvency and liquidity risks of banks that m...
Diamond and Dybvig (1983) provide an analytical framework of modern banking: The key role of banks i...
This paper presents a model consistent with the business cycle view of the origins of banking panics...
This paper extends Diamond and Dybvig’s model [J. Political Economy 91 (1983) 401] to a framework in...
This paper presents a model consistent with the business cycle view of the origins of banking panics...
The motivation of this article is to induce the bank capital management solution for banks and regu...
I develop a dynamic model of bank runs that allows me to study important phenomena such as the role ...
We modify the Diamond and Dybvig (1983) model of banking to jointly study various regulations in the...
The relationship between solvency constraints and bank behaviour in the presence of fixed rate depos...
We analyze an economy with banks and markets and uncover implications of the presence of asset marke...
A bank, acting as a central planner under aggregate full certainty, optimizes liquidity allocation b...
This paper extends Diamond and Dybvig’s model [J. Political Economy 91 (1983) 401] to a framework in...
This paper models information-induced and "pure-panic" runs in the banking system, in an environment...
Banks must maintain minimum capital levels, but a regulated balance sheet implies profit suboptimiza...
Banks supply liquidity to insure individuals against possible short-term consumption shocks. The hig...
This paper highlights the empirical interaction between solvency and liquidity risks of banks that m...
Diamond and Dybvig (1983) provide an analytical framework of modern banking: The key role of banks i...
This paper presents a model consistent with the business cycle view of the origins of banking panics...
This paper extends Diamond and Dybvig’s model [J. Political Economy 91 (1983) 401] to a framework in...
This paper presents a model consistent with the business cycle view of the origins of banking panics...
The motivation of this article is to induce the bank capital management solution for banks and regu...
I develop a dynamic model of bank runs that allows me to study important phenomena such as the role ...
We modify the Diamond and Dybvig (1983) model of banking to jointly study various regulations in the...
The relationship between solvency constraints and bank behaviour in the presence of fixed rate depos...
We analyze an economy with banks and markets and uncover implications of the presence of asset marke...