Kane, Stephen A.; Muzere, Mark L. - In: Research in finance : Vol. 20, (pp. 119-138). 2003
Our paper presents an extension of the Diamond-Dybvig (1983) model of bank runs to an open market economy. We examine domestic banks that are subject to potential runs by domestic depositors who worry that they will not be able to be repaid in full, because the domestic banks may not be able to...
