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dc.contributor.authorMarini, François
dc.date.accessioned2010-02-09T15:16:34Z
dc.date.available2010-02-09T15:16:34Z
dc.date.issued2005
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/3366
dc.language.isofren
dc.subjectbanking panicen
dc.subjectpanic of 1857en
dc.subjectcredit crunchen
dc.subject.ddc332en
dc.subject.classificationjelG34en
dc.titleThe Panic of 1857 as a Bank-Initiated Banking Panicen
dc.typeCommunication / Conférence
dc.description.abstractenWe construct a model in which a banking panic is triggered by the banker, not the depositors. When a banker receives a pessimistic information on the return of the bank s assets, he liquidates them prematurely in order to protect his capital. In the face of this liquidation, all depositors withdraw their funds prematurely. Such a panic occured in 1857. This kind of banking panic occurs at sufficiently capitalized banks.en
dc.identifier.citationpages12en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelEconomie financièreen
dc.relation.conftitleXXIIèmes Journées d’Economie Monétaire et Bancaireen
dc.relation.confdate2005-06
dc.relation.confcityStrasbourgen
dc.relation.confcountryFranceen


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