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Joseph R. Mason (2003), 'Fundamentals, Panics, and Bank Distress During the Depression', American Economic Review, 93 (5 … Economic Perspectives, 17 (4), Fall, 51-74 -- John Bryant (1980), 'A Model of Reserves, Bank Runs, and Deposit Insurance …', Journal of Banking and Finance, 4 (4), December, 335-44 -- Douglas W. Diamond and Philip H. Dybvig (1983), 'Bank Runs, Deposit …
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Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …
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