X Huang - Theoretical Economics, 2024 - Wiley Online Library
I study whether self‐fulfilling bank runs can occur when banks use sophisticated contracts and withdrawal decisions are public information. In a finite‐agent version of Diamond and …
M Günnewig, A Georgiadis-Harris, Y Mitkov - 2024 - econstor.eu
Abstract Since Diamond and Dybvig (1983), banks have been viewed as inherently fragile. We challenge this view in a general mechanism design framework, where we allow for …