The Role of Information Externalities in Bank Runs

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  • The Role of Information Externalities in Bank Runs Book Detail

  • Author : Yehning Chen
  • Release Date : 1994
  • Publisher :
  • Genre : Bank deposits
  • Pages : 236
  • ISBN 13 :
  • File Size : 92,92 MB

The Role of Information Externalities in Bank Runs by Yehning Chen PDF Summary

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This paper proposes that both the first-come, first-served rule and information externalities are important in causing contagious bank runs. The first-come, fir