Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70545
Authors: 
Nosal, Ed
Year of Publication: 
2011
Series/Report no.: 
Working Paper, Federal Reserve Bank of Chicago 2011-13
Abstract: 
Peck and Shell (2003) show that it is possible to get a bank run in a Diamond-Dybvig environment. The mechanism they use, however, is not an optimal one. When an optimal mechanism is used, the bank run equilibrium disappears.
Document Type: 
Working Paper

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