Banking panics and output dynamics

2018 ◽  
Vol 29 ◽  
pp. 148-171
Author(s):  
Daniel Sanches
Keyword(s):  
Banking Panics

scholarly journals Anticipated Banking Panics

2016 ◽  
Vol 106 (5) ◽  
pp. 554-559 ◽  
Author(s):  
Mark Gertler ◽  
Nobuhiro Kiyotaki ◽  
Andrea Prestipino
Keyword(s):  
Great Recession ◽  
Macroeconomic Model ◽  
Balance Sheets ◽  
The Great Recession ◽  
Banking Panics ◽  
Harmful Effects

We develop a macroeconomic model with banking instability. Sunspot runs can arise that are harmful to the economy. However, whether a run equilibrium exists depends on fundamentals. In contrast to earlier work, the probability of a sunspot run is the outcome of rational forecast based on fundamentals. The model captures the movement from slow to fast runs that was a feature of the Great Recession: A weakening of banks' balance sheets increases the probability of a run, leading depositors to withdraw funds from banks. These slow runs have harmful effects on the economy and set the stage for fast runs.

Evolution, coordination, and banking panics

1997 ◽  
Vol 40 (1) ◽  
pp. 163-183 ◽  
Author(s):  
Theodosios Temzelides
Keyword(s):  
Banking Panics

scholarly journals Currency Elasticity and Banking Panics: Theory and Evidence

1996 ◽  
Vol 29 (4) ◽  
pp. 828 ◽  
Author(s):  
Bruce Champ ◽  
Bruce D. Smith ◽  
Stephen D. Williamson
Keyword(s):  
Banking Panics

The Banking Panics of the Great Depression

1997 ◽  
Vol 63 (4) ◽  
pp. 1121
Author(s):  
James L. Butkiewicz ◽  
Elmus Wicker
Keyword(s):  
Great Depression ◽  
The Great Depression ◽  
Banking Panics
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