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Shock di liquidit? e crisi bancarie: fallimento o corse agli sportelli?

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  • Paola Brighi

Abstract

Shock di liquidit? e crisi bancarie: fallimento o corse agli sportelli? (di Paola Brighi) - ABSTRACT: In this paper, we show that, contrary to Diamond and Dybvig?s [1983] model and further developments, bank runs are not the only cause of liquidity crises; even a quite prudent ex-ante management of bank assets could appear wrong ex-post and be the cause of a bank fai-lure. The relaxing of the hypothesis of zero liquidation cost and of aggregate certainty of the early dyers proportion of depositors makes the evaluation of the bank?s investment strategies meaningful: the bank?s decision to invest in liquid assets depends on the interest rates on de-posits and loans. Moreover, if we make the hypothesis that any sort of bank regulation can not exist the bank asset strategy is revealed as more prudent.

Suggested Citation

  • Paola Brighi, 2001. "Shock di liquidit? e crisi bancarie: fallimento o corse agli sportelli?," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2001(75).
  • Handle: RePEc:fan:steste:v:html10.3280/ste2001-075002
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