Fontenla, Matias - In: El Trimestre Económico LXXIII (1) (2006) 289, pp. 67-86
This paper builds a banking environment where both fundamental runs (that stress macroeconomic variables, such as negative technology shocks, as the cause of bank runs) and sunspot runs (where self-fulfilling expectations generate equilibria where agents panic and run on banks) coexist. A policy...