Diamond, D.W.; Kashyap, A.K. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 2263-2303). 2016
We study a modification of the Diamond and Dybvig (1983) model in which the bank may hold a liquid asset, some depositors see sunspots that could lead them to run, and all depositors have incomplete information about the bank's ability to survive a run. The incomplete information means that the...