Solvency runs, sunspot runs, and international bailouts
نویسندگان
چکیده
منابع مشابه
Bailouts and bank runs: Theory and evidence from TARP
During the recent Financial Crisis, there were bank runs right after government bailout announcements. This paper develops a global game model of information based bank runs to analyze how the announcement of bailouts affects investors’ bank run incentives. The equilibrium probability of bank runs is uniquely determined. I conclude that before the announcement, the existence of such bailout pol...
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2005
ISSN: 0022-1996
DOI: 10.1016/j.jinteco.2004.01.002