On the non-optimality of a Diamond-Dybvig contract in the Goldstein-Pauzner environment
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DOI: 10.26509/frbc-wp-201306
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References listed on IDEAS
- Douglas W. Diamond & Philip H. Dybvig, 2000.
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- Itay Goldstein & Ady Pauzner, 2005. "Demand–Deposit Contracts and the Probability of Bank Runs," Journal of Finance, American Finance Association, vol. 60(3), pages 1293-1327, June.
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Cited by:
- Toni Ahnert & Mahmoud Elamin, 2014. "The Effect of Safe Assets on Financial Fragility in a Bank-Run Model," Working Papers (Old Series) 1437, Federal Reserve Bank of Cleveland.
- Kučinskas, Simas, 2019. "Aggregate risk and efficiency of mutual funds," Journal of Banking & Finance, Elsevier, vol. 101(C), pages 1-11.
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NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2013-05-19 (Banking)
- NEP-CTA-2013-05-19 (Contract Theory and Applications)
- NEP-UPT-2013-05-19 (Utility Models and Prospect Theory)
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