| dc.contributor | FGV | |
| dc.creator | Bertolai, Jefferson Donizeti Pereira | |
| dc.creator | Cavalcanti, Ricardo de Oliveira | |
| dc.creator | Monteiro, P. K. | |
| dc.date.accessioned | 2018-05-10T13:36:39Z | |
| dc.date.accessioned | 2019-05-22T13:58:41Z | |
| dc.date.available | 2018-05-10T13:36:39Z | |
| dc.date.available | 2019-05-22T13:58:41Z | |
| dc.date.created | 2018-05-10T13:36:39Z | |
| dc.date.issued | 2014-10 | |
| dc.identifier | 1574-1702 / 1875-9076 | |
| dc.identifier | http://hdl.handle.net/10438/23423 | |
| dc.identifier | 10.1007/s00199-014-0824-0 | |
| dc.identifier | 000343807200001 | |
| dc.identifier | Bertolai, Jefferson/0000-0002-2535-920X | |
| dc.identifier | Bertolai, Jefferson/F-1766-2016 | |
| dc.identifier.uri | http://repositorioslatinoamericanos.uchile.cl/handle/2250/2688705 | |
| dc.description.abstract | In this paper, we revisit the issue of bank fragility in the Diamond and Dybvig (J Polit Econ 91:401-419, 1983) model with sequential service and finite traders. We provide a precise condition under which banks are susceptible to a run when the return on investment is low, and we show that sufficiently large banks are always susceptible to a run. One interpretation of the condition is that exposure to runs occurs when desire for consumption smoothing or predictability of preference profiles are relatively high. | |
| dc.language | eng | |
| dc.publisher | Springer | |
| dc.relation | Economic theory | |
| dc.rights | restrictedAccess | |
| dc.source | Web of Science | |
| dc.subject | Low-return runs | |
| dc.subject | Large-bank runs | |
| dc.subject | Run-indicator algorithm | |
| dc.title | Run theorems for low returns and large banks | |
| dc.type | Article (Journal/Review) | |
