Equilibrium Bank Runs

By J. Peck, Karl Shell. Journal of Political Economy, 2003

328 citations recorded by the source corpus.

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Dynamic Debt Runs (2010, background): “4Diamond and Dybvig (1983), Postlewaite and Vives (1987), Peck and Shell (2003), and Caballero and Krishnamurthy (2008) o¤er models of panic-driven runs, while Bryant (1980), Gorton (1988), Chari and Jagannathan (1988), Jacklin and Bhattacharya (1988), and Allen and Gale (1998) focus on the…”
Bailouts and Financial Fragility (2016, unknown): “[18] Peck, James and Karl Shell (2003) “Equilibrium bank runs,” Journal of Political Economy 111: 103-123.”
Deposit Competition and Financial Fragility: Evidence from the US Banking Sector (2017, background): “…ﬁnancial regulation, including the seminal work of Diamond Dybvig (1983), and more recently Postlewaite and Vives (1987); Cooper and Ross (1998); Peck and Shell (2003); Allen and Gale (2004); Rochet and Vives (2004); Goldstein and Pauzner (2005); Fahri, Golosov and Tsyvinski (2009); Gertler and…”
Bank Runs and Institutions: The Perils of Intervention (2009, methodology): “This approach was suggested in Diamond and Dybvig [10, p. 410] and explicitly taken in Cooper and Ross [8], Peck and Shell [28], and others.”
Self-Fulfilling Credit Market Freezes (2011, background): “The seminal paper on bank runs is by Diamond and Dybvig (1983), and it was followed by much subsequent work on the subject (see, e.g., Allen and Gale (1998), Peck and Shell (2003), and Goldstein and Pauzner (2005)).”