During the recent financial crisis, there were bank runs right after government bailout announcements. This paper develops a global game model of information based bank runs to analyze how the announcement of bailouts affects investors’ bank run incentives. The equilibrium probability of bank...

This article finds that there is a nonlinear relationship between a city's development level and a bank's impact on firm performance in China, by using firm level data. In particular, bank's impact on firm performance is largest in cities with intermediate level of development. This article...