Philip H. Dybvig
Yale University
1 paper in the Anchorcite directory, published in 1983, cited 9,668 times in total.
ORCID profileResearch topics
- Banking stability, regulation, efficiency · 1 paper
- Economic theories and models · 1 paper
- Global Financial Crisis and Policies · 1 paper
Frequent co-authors
- Douglas W. Diamond · 1 paper
Papers
- Bank Runs, Deposit Insurance, and LiquidityJournal of Political Economy · 1983 · 9,668 citations
This paper shows that bank deposit contracts can provide allocations superior to those of exchange markets, offering an explanation of how banks subject to runs can attract deposits. Investors face privately observed risks which lead to a demand for liquidity.…
Metadata from OpenAlex (CC0).