Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part II
Cato Institute,
[This is the last half of a two-part critique of Douglas Diamond and Philip Dybvig's highly influential paper purporting to…
[This is the last half of a two-part critique of Douglas Diamond and Philip Dybvig's highly influential paper purporting to…
Has any theoretical work on banking been more influential than Douglas Diamond and Phillip Dybvig's 1983 JPE article, "Bank Runs…