Ennis, Huberto M. (contributor); Keister, Todd (contributor) - 2007
no aggregate uncertainty. As is well known, the banking authority can
eliminate the possibility of a bank run by …,
the banking authority will choose to only partially suspend payments during a run. In
some cases, the reduction in early … be arbitrarily close to one.
Key words: banking panics, suspension of convertibility, time consistency
Ennis: Federal …