Running Out of Bank Runs

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F23%3A10253130" target="_blank" >RIV/61989100:27510/23:10253130 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/article/10.1007/s10693-023-00412-8" target="_blank" >https://link.springer.com/article/10.1007/s10693-023-00412-8</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10693-023-00412-8" target="_blank" >10.1007/s10693-023-00412-8</a>

Result language
angličtina
Original language name
Running Out of Bank Runs
Original language description
The theoretical literature on bank runs has modeled depositors' withdrawal decision as a one-off choice, made simultaneously by all depositors. Our game-theoretic framework gives depositors a heterogeneous, stochastic opportunity to change their minds about withdrawing their money. They can run out of (or run into) the crowd in front of the bank based on their observation of what others have done. Depositors' opportunity to change their decision supports implicit coordination, which in some circumstances reduces the probability that self-fulfilling bank runs will occur.
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50201 - Economic Theory

Project
<a href="/en/project/GA16-13784S" target="_blank" >GA16-13784S: Financial sector policy and institutions: Current challenges in balancing financial development and stability</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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