Running Out of Bank Runs – new research article by Hubert Janos Kiss and co-authors

Running Out of Bank Runs Jan Libich, Dat Thanh Nguyen & Hubert Janos Kiss Published: 16 July 2023 – Journal of Financial Services Research  Abstract The theoretical literature on bank runs has modeled depositors’ withdrawal decision as a one-off choice, made simultaneously by all depositors. Our game-theoretic framework gives depositors a heterogeneous, stochastic opportunity to change their minds about […]