Diamond Dybvig Model Without Runs
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1. Enriching Information to Prevent Bank Runs
Sequential service in the banking sector, as modeled by Diamond and Dybvig (1983), is a barrier to full insurance and potential source of financial fragility against which deposit insurance is infeasible (Wallace, 1988). In this paper, we pursue a different perspective, viewing the sequence of contacts as opportunities to extract information through a larger
Escola de Pós-Graduação em Economia da FGV. Publicado em: 27/07/2011