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CEIS-Tor Vergata is pleased to inform you that, on Friday October 7, 2011 at 12.00 pm, prof. Ed Nosal (Federal Reserve Bank of Chicago) will present a paper on “Equilibrium Bank Runs Revisited ” The Seminar will be held at the Faculty of Economics, University of Rome "Tor Vergata", B-building, 1° floor, room B Please, go to www.ceistorvergata.it for the complete list of seminars and events at CEIS. How to reach us: http://web.uniroma2.it/mobilita/index.html http://www.economia.uniroma2.it/area.asp?a=867 ABSTRACT In a Diamond and Dybvig (1983) environment, Green and Lin (2003) take a mechanism design approach and show that a bank run equilibrium cannot exist. Peck and Shell (2003) generalize their economic environment and show that it can. The bank run, however, does not emerge because of modifications to the economic environment but rather because the mechanism that implements allocations is not an optimal one. When an optimal mechanism is used, the bank run equilibrium disappears. Barbara Piazzi __________ Informazioni da ESET NOD32 Antivirus, versione del database delle firme digitali 6515 (20111004) __________ Il messaggio è stato controllato da ESET NOD32 Antivirus. www.nod32.it |
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