Keywords: D74
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Journal of Economic Studies (2022) 49 (4): 683–698.
Published: 24 June 2021
... that there is no information-based bank runs in equilibrium when there is excess demand for liquidity. Deposit contracts Risk sharing Bank runs Asset liquidation D01 D60 D74 D86 G11 G21 At date 0, the bank deposits are invested in constant-returns-to-scale investment technologies called assets: a short...
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