Bank runs and noisy signals
Boonprakaikawe, Juntip and Ghosal, Sayantan (2001) Bank runs and noisy signals. Working Paper. University of Warwick. Centre for the Study of Globalisation and Regionalisation, Coventry.
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We show that even with noisy signals on the quality of a bank's assets multiple equilibria exist in models of banking. We argue that the conditions under which this happens arise naturally in models of banking.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
|Divisions:||Faculty of Social Sciences > Economics
Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation
|Library of Congress Subject Headings (LCSH):||Banks and banking -- Research, Information asymmetry, Risk management, Equilibrium (Economics)|
|Series Name:||Working papers (University of Warwick. Centre for the Study of Globalisation and Regionalisation)|
|Publisher:||University of Warwick. Centre for the Study of Globalisation and Regionalisation|
|Place of Publication:||Coventry|
|Number of Pages:||21|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
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