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- W2106048346 abstract "In this paper, we show that abandoning the Diamond and Dybvig hypothesis of a unique bank representing the entire banking system gives rise to the possibility of endogenizing the interbank exchanges. In a system characterized by uncertainty regarding the moment of withdrawal of deposits, access to interbank liquidity decreases the bank risk of failure and bank runs. The possibility, moreover, to invest excess liquidity in the interbank market at a positive interest rate increases expected bank profits." @default.
- W2106048346 created "2016-06-24" @default.
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- W2106048346 date "2003-02-24" @default.
- W2106048346 modified "2023-09-26" @default.
- W2106048346 title "Interbank Lending, Liquidity and Banking Crises" @default.
- W2106048346 cites W1941553121 @default.
- W2106048346 hasPublicationYear "2003" @default.
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