考文垂大学 商科课程 新兴市场课件 银行挤兑和存款保险模式.pptxVIP

A model of Bank Runs and Deposit Insurance;Theory relates to the original Diamond-Dybvig (1983) model, which shows how in the presence of uncertainty panic can cause bank runs. The model has two periods, where risk averse depositors who have deposited their funds at the beginning have two choices: (i) withdraw their deposits after period 1 (short livers) (ii) remain invested till the end of period two (long livers) Depositors know only at the end of period 1 whether they would withdraw/remain as depositors (this is the private information to the depositors) A good equilibrium (no bank run)