Banks are intrinsically fragile because of their role as liquidity providers. This results in
under-provision of liquidity. We analyze the effect of government guarantees on the …

We propose a novel theory of banks' liquidity management and financial fragility. Banks hold
liquidity and an illiquid productive asset, thereby engaging in maturity transformation, and …

We study a novel mechanism through which systemic risk, in the form of self-fulfilling runs,
forces the banks to hoard liquidity. To this end, we develop an environment where banks …

Proper management and optimal allocation of financial resources will increase gross
national product and growth, create jobs and increase public welfare. The purpose of this …

We study how regulation shapes the interaction between financial fragility and bank liquidity
management and propose a rationale for the complementarity between bank recovery and …

A new theoretical model of bank run embedding a two-echelon supply chain is presented in
this paper. Theoretical derivation and numerical examples reveal the endogenous …

We study how regulation shapes the interaction between financial fragility and bank liquidity
management, and propose a rationale for the complementarity between bank recovery and …

هدایت درست و تخصیص بهینه منابعِ مالی سبب افزایش تولید و رشد ناخالص ملی، ایجاد شغل و
افزایش رفاه عمومی می‏ شود. پژوهش حاضر با هدف ارایه یک استراتژی سرمایه گذاری تلاش می کند …‎