Gates, Fees, and Preemptive Runs
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Marco Cipriani & Antoine Martin & Patrick E. McCabe & Bruno Parigi, 2014. "Gates, fees, and preemptive runs," Staff Reports 670, Federal Reserve Bank of New York.
- Marco Cipriani & Antoine Martin & Patrick E. McCabe & Bruno Parigi, 2014. "Gates, Fees, and Preemptive Runs," Finance and Economics Discussion Series 2014-30, Board of Governors of the Federal Reserve System (U.S.).
References listed on IDEAS
- Huberto M. Ennis & Todd Keister, 2009.
"Bank Runs and Institutions: The Perils of Intervention,"
American Economic Review, American Economic Association, vol. 99(4), pages 1588-1607, September.
- Huberto M. Ennis & Todd Keister, 2007. "Bank runs and institutions : the perils of intervention," Working Paper 07-02, Federal Reserve Bank of Richmond.
- Douglas W. Diamond & Philip H. Dybvig, 2000.
"Bank runs, deposit insurance, and liquidity,"
Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
- Diamond, Douglas W & Dybvig, Philip H, 1983. "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 401-419, June.
- Gennaioli, Nicola & Shleifer, Andrei & Vishny, Robert, 2012.
"Neglected risks, financial innovation, and financial fragility,"
Journal of Financial Economics, Elsevier, vol. 104(3), pages 452-468.
- Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2010. "Neglected Risks, Financial Innovation, and Financial Fragility," NBER Chapters, in: Market Institutions and Financial Market Risk, National Bureau of Economic Research, Inc.
- Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2010. "Neglected risks, financial innovation and financial fragility," Economics Working Papers 1251, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2010.
- Gennaioli, Nicola & Shleifer, Andrei & Vishny, Robert, 2012. "Neglected Risks, Financial Innovation, and Financial Fragility," Scholarly Articles 10886835, Harvard University Department of Economics.
- Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2010. "Neglected Risks, Financial Innovation, and Financial Fragility," Working Papers 502, Barcelona School of Economics.
- Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2010. "Neglected Risks, Financial Innovation, and Financial Fragility," NBER Working Papers 16068, National Bureau of Economic Research, Inc.
- Engineer, Merwan, 1989. "Bank runs and the suspension of deposit convertibility," Journal of Monetary Economics, Elsevier, vol. 24(3), pages 443-454, November.
- Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2010.
"Financial Innovation and Financial Fragility,"
Working Papers
2010.114, Fondazione Eni Enrico Mattei.
- Gennaioli, Nicola & Shleifer, Andrei & Vishny, Robert, 2010. "Financial Innovation and Financial Fragility," Institutions and Markets Papers 96496, Fondazione Eni Enrico Mattei (FEEM).
- Ennis, Huberto M. & Keister, Todd, 2010. "Banking panics and policy responses," Journal of Monetary Economics, Elsevier, vol. 57(4), pages 404-419, May.
- Gorton, Gary B., 2012. "Misunderstanding Financial Crises: Why We Don't See Them Coming," OUP Catalogue, Oxford University Press, number 9780199922901.
- James Peck & Karl Shell, 2003.
"Equilibrium Bank Runs,"
Journal of Political Economy, University of Chicago Press, vol. 111(1), pages 103-123, February.
- Peck, James & Shell, Karl, 2001. "Equilibrium Bank Runs," Working Papers 01-10r, Cornell University, Center for Analytic Economics.
- Gorton, Gary, 1985. "Bank suspension of convertibility," Journal of Monetary Economics, Elsevier, vol. 15(2), pages 177-193, March.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- 'An Open Letter to Bill McNabb, CEO of Vanguard Group'
by Mark Thoma in Economist's View on 2015-05-11 16:06:21 - An Open Letter to Bill McNabb, CEO of Vanguard Group
by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2015-05-11 17:26:54
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Josh Frost & Lorie Logan & Antoine Martin & Patrick E. McCabe & Fabio M. Natalucci & Julie Remache, 2015.
"Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations,"
Finance and Economics Discussion Series
2015-10, Board of Governors of the Federal Reserve System (U.S.).
- Josh Frost & Lorie Logan & Antoine Martin & Patrick E. McCabe & Fabio M. Natalucci & Julie Remache, 2015. "Overnight RRP operations as a monetary policy tool: some design considerations," Staff Reports 712, Federal Reserve Bank of New York.
- Jeffrey N. Gordon, 2014. "The Empty Call for Benefit-Cost Analysis in Financial Regulation," The Journal of Legal Studies, University of Chicago Press, vol. 43(S2), pages 351-378.
- Roy Havemann, 2019.
"Can Creditor Bail-in Trigger Contagion? The Experience of an Emerging Market,"
Review of Finance, European Finance Association, vol. 23(6), pages 1155-1180.
- Roy Havemann, 2018. "Can creditor bail-in trigger contagion? The experience of an emerging market," Working Papers 755, Economic Research Southern Africa.
- Nathan Foley-Fisher & Borghan Narajabad & Stéphane Verani, 2020.
"Self-Fulfilling Runs: Evidence from the US Life Insurance Industry,"
Journal of Political Economy, University of Chicago Press, vol. 128(9), pages 3520-3569.
- Nathan Foley-Fisher & Borghan N. Narajabad & Stéphane Verani, 2015. "Self-fulfilling Runs: Evidence from the U.S. Life Insurance Industry," Finance and Economics Discussion Series 2015-32, Board of Governors of the Federal Reserve System (U.S.).
- Stephane Verani & Borghan Narajabad & Nathan Foley-Fisher, 2016. "Self-fulfilling Runs: Evidence from the U.S. Life Insurance Industry," 2016 Meeting Papers 414, Society for Economic Dynamics.
- Schilling, Linda, 2023.
"Smooth versus Harsh Regulatory Interventions and Policy Equivalence,"
MPRA Paper
116612, University Library of Munich, Germany.
- Schilling, Linda, 2023. "Smooth versus Harsh Regulatory Interventions and Policy Equivalence," CEPR Discussion Papers 17996, C.E.P.R. Discussion Papers.
- Russell Cooper & Hubert Kempf, 2016.
"Deposit insurance and bank liquidation without commitment: Can we sleep well?,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(2), pages 365-392, February.
- Russell Cooper & Hubert Kempf, 2016. "Deposit insurance and bank liquidation without commitment: Can we sleep well?," Post-Print hal-01306030, HAL.
- Russell Cooper & Hubert Kempf, 2016. "Deposit insurance and bank liquidation without commitment: Can we sleep well?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01306030, HAL.
- Russell Cooper & Hubert Kempf, 2016. "Deposit insurance and bank liquidation without commitment: Can we sleep well?," PSE-Ecole d'économie de Paris (Postprint) hal-01306030, HAL.
- Marco Cipriani & Gabriele La Spada, 2020.
"Sophisticated and Unsophisticated Runs,"
Staff Reports
956, Federal Reserve Bank of New York.
- Marco Cipriani & Gabriele La Spada, 2021. "Sophisticated and Unsophisticated Runs," Liberty Street Economics 20210602, Federal Reserve Bank of New York.
- Kenechukwu E. Anadu & Siobhan Sanders, 2021. "Money Market Mutual Funds: Runs, Emergency Liquidity Facilities, and Potential Reforms," Supervisory Research and Analysis Notes, Federal Reserve Bank of Boston, issue 03, pages 1-12, May.
- Dunhong Jin & Marcin Kacperczyk & Bige Kahraman & Felix Suntheim, 2022.
"Swing Pricing and Fragility in Open-End Mutual Funds,"
The Review of Financial Studies, Society for Financial Studies, vol. 35(1), pages 1-50.
- Dunhong Jin & Marcin Kacperczyk & Bige Kahraman & Felix Suntheim, 2019. "Swing Pricing and Fragility in Open-end Mutual Funds," IMF Working Papers 2019/227, International Monetary Fund.
- Kacperczyk, Marcin & Jin, Dunhong & Kahraman, Bige & Suntheim, Felix, 2019. "Swing Pricing and Fragility in Open-end Mutual Funds," CEPR Discussion Papers 13929, C.E.P.R. Discussion Papers.
- Moretto, Michele & Parigi, Bruno M., 2024. "Competitive runs on Government debt," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 131-158.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jiahong Gao & Robert R. Reed, 2023. "Preventing bank panics: The role of the regulator's preferences," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(2), pages 387-422, May.
- Ennis, Huberto M. & Keister, Todd, 2010. "Banking panics and policy responses," Journal of Monetary Economics, Elsevier, vol. 57(4), pages 404-419, May.
- Voellmy, Lukas, 2021. "Preventing runs with fees and gates," Journal of Banking & Finance, Elsevier, vol. 125(C).
- Keister, Todd & Mitkov, Yuliyan, 2023.
"Allocating losses: Bail-ins, bailouts and bank regulation,"
Journal of Economic Theory, Elsevier, vol. 210(C).
- Todd Keister & Yuliyan Mitkov, 2020. "Allocating Losses: Bail-ins, Bailouts and Bank Regulation," CRC TR 224 Discussion Paper Series crctr224_2020_091, University of Bonn and University of Mannheim, Germany.
- Todd Keister & Yuliyan Mitkov, 2020. "Allocating Losses: Bail-ins, Bailouts and Bank Regulation," ECONtribute Discussion Papers Series 049, University of Bonn and University of Cologne, Germany.
- Huberto M. Ennis & Todd Keister, 2007.
"Commitment and equilibrium bank runs,"
Staff Reports
274, Federal Reserve Bank of New York.
- Todd Keister & Huberto M. Ennis, 2007. "Commitment and Equilibrium Bank Runs," 2007 Meeting Papers 509, Society for Economic Dynamics.
- Voellmy, Lukas, 2024. "Preventing runs under sequential revelation of liquidity needs," Journal of Economic Dynamics and Control, Elsevier, vol. 158(C).
- Altermatt, Lukas & van Buggenum, Hugo & Voellmy, Lukas, 2024.
"Systemic bank runs without aggregate risk: How a misallocation of liquidity may trigger a solvency crisis,"
Journal of Financial Economics, Elsevier, vol. 161(C).
- Lukas Altermatt & Hugo van Buggenum & Lukas Voellmy, 2022. "Systemic bank runs without aggregate risk: how a misallocation of liquidity may trigger a solvency crisis," Working Papers 2022-10, Swiss National Bank.
- Todd Keister, 2016.
"Bailouts and Financial Fragility,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(2), pages 704-736.
- Todd Keister, 2010. "Bailouts and financial fragility," Staff Reports 473, Federal Reserve Bank of New York.
- Todd Keister, 2014. "Bailouts and Financial Fragility," Departmental Working Papers 201401, Rutgers University, Department of Economics.
- Huberto M. Ennis & Todd Keister, 2009.
"Bank Runs and Institutions: The Perils of Intervention,"
American Economic Review, American Economic Association, vol. 99(4), pages 1588-1607, September.
- Huberto M. Ennis & Todd Keister, 2007. "Bank runs and institutions : the perils of intervention," Working Paper 07-02, Federal Reserve Bank of Richmond.
- Todd Keister & Vijay Narasiman, 2016.
"Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 21, pages 89-104, July.
- Todd Keister & Vijay Narasiman, 2015. "Online Appendix to "Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?"," Online Appendices 13-73, Review of Economic Dynamics.
- Todd Keister & Vijay Narasiman, 2015. "Code and data files for "Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?"," Computer Codes 13-73, Review of Economic Dynamics.
- Kinateder, Markus & Kiss, Hubert János, 2014.
"Sequential decisions in the Diamond–Dybvig banking model,"
Journal of Financial Stability, Elsevier, vol. 15(C), pages 149-160.
- Markus Kinateder & Hubert Janos Kiss, 2012. "Sequential decisions in the Diamond-Dybvig banking model," Working Papers. Serie AD 2012-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Markus Kinateder & Hubert Janos Kiss, 2013. "Sequential decisions in the Diamond-Dybvig banking model," CERS-IE WORKING PAPERS 1345, Institute of Economics, Centre for Economic and Regional Studies.
- Ryuichiro Izumi & Yang LI, 2024. "Rapid Bank Runs and Delayed Policy Responses," Wesleyan Economics Working Papers 2024-006, Wesleyan University, Department of Economics.
- Ryuichiro Izumi, 2021.
"Opacity: Insurance and Fragility,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 146-169, April.
- Ryuichiro Izumi, 2019. "Opacity: Insurance and Fragility," Wesleyan Economics Working Papers 2019-005, Wesleyan University, Department of Economics.
- Ryuichiro Izumi, 2020. "Code and data files for "Opacity: Insurance and Fragility"," Computer Codes 19-51, Review of Economic Dynamics.
- Daniel Sanches, 2018.
"Banking Panics and Output Dynamics,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 29, pages 148-171, July.
- Daniel R. Sanches, 2017. "Banking Panics and Output Dynamics," Working Papers 17-20, Federal Reserve Bank of Philadelphia.
- Daniel Sanches, 2017. "Code and data files for "Banking Panics and Output Dynamics"," Computer Codes 16-133, Review of Economic Dynamics.
- Kristian Blickle & Markus K. Brunnermeier & Stephan Luck, 2022.
"Who Can Tell Which Banks Will Fail?,"
NBER Working Papers
29753, National Bureau of Economic Research, Inc.
- Kristian S. Blickle & Markus K. Brunnermeier & Stephan Luck, 2022. "Who Can Tell Which Banks Will Fail?," Staff Reports 1005, Federal Reserve Bank of New York.
- Kristian Blickle & Markus Brunnermeier & Stephan Luck, 2022. "Who Can Tell Which Banks Will Fail?," Working Papers 2022-28, Princeton University. Economics Department..
- Zhiguo He & Asaf Manela, 2016.
"Information Acquisition in Rumor‐Based Bank Runs,"
Journal of Finance, American Finance Association, vol. 71(3), pages 1113-1158, June.
- Asaf Manela & Zhiguo He, 2012. "Information Acquisition in Rumor-Based Bank Runs," 2012 Meeting Papers 170, Society for Economic Dynamics.
- Zhiguo He & Asaf Manela, 2012. "Information Acquisition in Rumor Based Bank Runs," NBER Working Papers 18513, National Bureau of Economic Research, Inc.
- Ryuichiro Izumi & Antonis Kotidis & Paul E. Soto, 2024.
"Trademarks in Banking,"
Wesleyan Economics Working Papers
2024-004, Wesleyan University, Department of Economics.
- Ryuichiro Izumi & Antonis Kotidis & Paul E. Soto, 2024. "Trademarks in Banking," Finance and Economics Discussion Series 2024-044, Board of Governors of the Federal Reserve System (U.S.).
- Li, Yang, 2017.
"Interest rates and financial fragility,"
Journal of Economic Dynamics and Control, Elsevier, vol. 82(C), pages 195-205.
- Yang Li, 2016. "Asset Returns and Financial Fragility," Departmental Working Papers 201601, Rutgers University, Department of Economics.
- Jasmina Arifovic & Janet Hua Jiang, 2014. "Do Sunspots Matter? Evidence from an Experimental Study of Bank Runs," Staff Working Papers 14-12, Bank of Canada.
- Russell Cooper & Hubert Kempf, 2016.
"Deposit insurance and bank liquidation without commitment: Can we sleep well?,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(2), pages 365-392, February.
- Russell Cooper & Hubert Kempf, 2016. "Deposit insurance and bank liquidation without commitment: Can we sleep well?," Post-Print hal-01306030, HAL.
- Russell Cooper & Hubert Kempf, 2016. "Deposit insurance and bank liquidation without commitment: Can we sleep well?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01306030, HAL.
- Russell Cooper & Hubert Kempf, 2016. "Deposit insurance and bank liquidation without commitment: Can we sleep well?," PSE-Ecole d'économie de Paris (Postprint) hal-01306030, HAL.
More about this item
Keywords
Preemptive Runs; Gates; Fees;All these keywords.
JEL classification:
- G2 - Financial Economics - - Financial Institutions and Services
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednls:86963. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.