Browsing by Title "Run theorems for low returns and large banks"

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    • Run theorems for low returns and large banks 

      Bertolai, Jefferson Donizeti Pereira; Cavalcanti, Ricardo de Oliveira; Monteiro, P. K.
      2014-10
      In this paper, we revisit the issue of bank fragility in the Diamond and Dybvig (J Polit Econ 91:401-419, 1983) model with sequential service and finite traders. We provide a precise condition under which banks are susceptible ...