Interbank Exchanges, Liquidity Management and Banking Crises

Brighi Paola
CEIS Working Papers
In this paper, we show that abandoning the Diamond and Dybvig hypothesis of a unique bank representing the entire banking system gives rise to the possibility of endogenizing the interbank exchanges. In a system characterized by uncertainty regarding the
Number: 142
Date: Thursday, March 1, 2001
Revision Date: Thursday, March 1, 2001