- Readings for the week of February 21, 2016:
Banking & Bank Runs
- Huberto Ennis & Todd Keister, “On the Fundamental Reasons for Bank Fragility,” Economic Quarterly, Federal Reserve Bank of Richmond 96, No. 1 (2010) 33-58
- Douglas W. Diamond & Philip H. Dybvig, “Bank Runs, Deposit Insurance, and Liquidity,” Journal of Political Economy 91 (June 1983) 401-419
- James Peck & Karl Shell, “Equilibrium Bank Runs,” Journal of Political Economy, Vol. 111, No. 1 (February 2003) 103-123
- Monday, February 28:
Professor Shell will be attending an NBER conference on sunspot equilibrium. He will not lecture on Monday the 27th. The assistants will hold in our classroom a public office hour for asking questions and receiving advice.