Demand Deposits, Trading Restrictions, and Risk Sharing

By Charles J. Jacklin. 2016

174 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/34d349f097e68007764be0501adada8cb0499296

Citations in the corpus

• Central bank digital currency: Central banking for all? (2020, unknown): “For example, Jacklin (1987), among others, shows that a profit-sharing contract between a bank and depositors would prevent runs and monopolize the market.”
• Banks as Secret Keepers (2017, unknown): “In their paper the possibility of trading among consumers destroys insurance opportunities, because the insured consumers can cash out after they learn their liquidity shock (privately): also see, e.g., Jacklin 1987 and Haubrich and King 1990.”