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Browsing ECO Articles by Author "KEISTER, Todd"
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Title:Banking Panics and Policy Responses
Author(s):ENNIS, Huberto M.; KEISTER, ToddDate:2010Type of Publication:ArticleAbstract:When policy makers have limited commitment power, self-fulfilling bank runs can arise as an equilibrium phenomenon. We study how such banking panics unfold in a version of the Diamond and Dybvig (1983) model. A run in this ...