Herding and bank runs

DOI10.1016/J.JET.2010.06.001MaRDI QIDQ629328zbMATH OpenOpenAlexFDO

Authors Chao Gu

Publication date 9 March 2011

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2010.06.001

zbMATH Keywords

bank runsimperfect informationherdingoptimal bank contractperfect Bayesian equilibriumfundamental-based bank runssequential-move game

Mathematics Subject Classification ID

Special types of economic equilibria (91B52)

Recommendations

• Bank runs with many small banks and mutual guarantees at the terminal stage
• Liquidity shock, animal spirits and bank runs
• Run theorems for low returns and large banks
• The right Choice at the right time: A herding experiment in endogenous time
• A bank runs model with a continuum of types

Cites work

• Bank Runs, Deposit Insurance, and Liquidity
• Financial crises as herds: overturning the critiques
• Implementing efficient allocations in a model of financial intermediation
• Information Revelation and Strategic Delay in a Model of Investment
• Market Crashes and Informational Avalanches
• On the convergence of informational cascades

Cited in

(6)

• Optimal banking contracts and financial fragility
• A bank runs model with a continuum of types
• Run theorems for low returns and large banks
• A dynamic model of rational ``panic buying
• Liquidity shock, animal spirits and bank runs
• Bank bailouts: moral hazard and commitment

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