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| Campo DC | Valor | Lengua/Idioma |
|---|---|---|
| dc.provenance | SEDICI | - |
| dc.creator | Ennis, Huberto María | - |
| dc.creator | Keister, Todd | - |
| dc.date | 2002-05 | - |
| dc.date.accessioned | 2019-06-19T20:07:22Z | - |
| dc.date.available | 2019-06-19T20:07:22Z | - |
| dc.date.issued | 2002-05 | - |
| dc.identifier | http://sedici.unlp.edu.ar/handle/10915/3785 | - |
| dc.identifier | http://hdl.handle.net/10915/3785 | - |
| dc.identifier | http://www.depeco.econo.unlp.edu.ar/jemi/2002/trabajo5.pdf | - |
| dc.identifier.uri | http://rodna.bn.gov.ar/jspui/handle/bnmm/325324 | - |
| dc.description | We examine the growth implications of bank runs. To do so, we construct an endogenous growth model in which bank runs occur with positive probability in equilibrium. In this setting, a bank run has a permanent effect on the capital stock and on the level of output. In addition, the possibility of a bank run changes the portfolio choice of banks and thereby affects the long-run growth rate. We consider two different equilibrium selection rules. In the first, a run is triggered by sunspots and occurs with a fixed probability. A higher probability of a run in this case leads banks to hold a more liquid portfolio, which decreases total investment and thereby reduces capital formation. Hence the economy grows slower, even when a run does not occur. Under the second selection rule, the probability of a run is influenced by the bank's portfolio choice. This leads banks to place more resources in long-term investment, and the economy both grows faster and experiences fewer runs. | - |
| dc.description | Departamento de Economía | - |
| dc.format | application/pdf | - |
| dc.format | 24 p. | - |
| dc.language | eng | - |
| dc.relation | VII Jornadas de Economía Monetaria e Internacional (La Plata, 2002) | - |
| dc.rights | info:eu-repo/semantics/openAccess | - |
| dc.rights | http://creativecommons.org/licenses/by/3.0/ | - |
| dc.rights | Creative Commons Attribution 3.0 Unported (CC BY 3.0) | - |
| dc.source | reponame:SEDICI (UNLP) | - |
| dc.source | instname:Universidad Nacional de La Plata | - |
| dc.source | instacron:UNLP | - |
| dc.source.uri | http://sedici.unlp.edu.ar/handle/10915/3785 | - |
| dc.source.uri | http://hdl.handle.net/10915/3785 | - |
| dc.source.uri | http://www.depeco.econo.unlp.edu.ar/jemi/2002/trabajo5.pdf | - |
| dc.subject | Ciencias Económicas | - |
| dc.subject | banco | - |
| dc.subject | crecimiento económico | - |
| dc.title | Economic growth, liquidity, and bank runs | - |
| dc.type | info:eu-repo/semantics/conferenceObject | - |
| dc.type | info:eu-repo/semantics/publishedVersion | - |
| dc.type | Objeto de conferencia | - |
| dc.type | info:ar-repo/semantics/documentoDeConferencia | - |
| Aparece en las colecciones: | Universidad Nacional de la Plata. SEDICI | |
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