Spiegel, Mark (contributor) - 2000 - [Elektronische Ressource]
that under common knowledge a role for
Pareto-improving intervention in bank runs only arises when a sufficient dead-
weight ….
However, if the ILLR also had knowledge of the underlying fundamentals, it would
be free to respond to the two types of runs … lack of common
knowledge among creditors may eliminate this multiplicity.
8
number of borrowing countries, and hence know …