Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/70545 
Authors: 
Year of Publication: 
2011
Series/Report no.: 
Working Paper No. 2011-13
Publisher: 
Federal Reserve Bank of Chicago, Chicago, IL
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

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.