The Diamond-Dybvig model provides an explanation for: (1) the existence of banks as a risk sharing agreement between depositors against unexpected liquidity needs, (2) bank runs as an act of collective irrationality by rational depositors, and (3) the introduction of deposit insurance as an...

The harmonized index of consumer prices allows for inflation comparisons between European countries. This report shows how backdata for this index and its subindices were constructed for the Netherlands.