Search Results - "KEISTER, TODD"

Bank Runs and Institutions: The Perils of Intervention by Ennis, Huberto M., Keister, Todd

“…We study ex post efficient policy responses to a run on the banking system and the ex ante incentives these responses create. We show that the efficient…”
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EXPECTATIONS AND CONTAGION IN SELF-FULFILLING CURRENCY ATTACKS by Keister, Todd

“…Self-fulfilling expectations are commonly believed to play an important role in the transmission of currency crises across countries. Formal models of…”
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Bailouts and Financial Fragility by KEISTER, TODD

“…Should policy makers be prevented from bailing out investors in the event of a crisis? I study this question in a model of financial intermediation with…”
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Run equilibria in the Green–Lin model of financial intermediation by Ennis, Huberto M., Keister, Todd

“…We study the Green–Lin model of financial intermediation [E.J. Green, P. Lin, Implementing efficient allocations in a model of financial intermediation, J…”
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Should Central Banks Issue Digital Currency? by Keister, Todd, Sanches, Daniel

“…We study how introducing a central bank digital currency affects equilibrium allocations and welfare in an environment where both currency and bank deposits…”
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Central bank digital currency: Stability and information by Keister, Todd, Monnet, Cyril

“…We study how introducing a central bank digital currency (CBDC) would affect the stability of the banking system. We present a model that captures a concern…”
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Allocating losses: Bail-ins, bailouts and bank regulation by Keister, Todd, Mitkov, Yuliyan

“…We study the interaction between the government's bailout policy and a bank's willingness to impose losses on (or “bail in”) investors based on its private…”
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The economics of digital currencies: Progress and open questions by Chiu, Jonathan, Keister, Todd

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The interplay between liquidity regulation, monetary policy implementation and financial stability by Keister, Todd

“…I outline a simple framework for thinking through how the Basel III liquidity regulations – in particular, the Liquidity Coverage Ratio (LCR) – will impact…”
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Liquidity regulation and the implementation of monetary policy by Bech, Morten, Keister, Todd

“…•We ask how the Basel III liquidity regulations will affect market interest rates.•The interest rates on very short-term (overnight) loans decrease.•The…”
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Expectations vs. fundamentals-driven bank runs: When should bailouts be permitted? by Keister, Todd, Narasiman, Vijay

“…Should policy makers be permitted to intervene during a financial crisis by bailing out financial institutions and their investors? We study this question in a…”
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Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort by Antinolfi, Gaetano, Huybens, Elisabeth, Keister, Todd

“…We evaluate the desirability of having an elastic currency generated by a lender of last resort that prints money and lends it to banks in distress. When banks…”
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Discussion of "Banking in a Matching Model of Money and Capital" by KEISTER, TODD

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Comment on: “A model of a systemic bank run” by Harald Uhlig by Keister, Todd

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Optimal banking contracts and financial fragility by Ennis, Huberto M., Keister, Todd

“…We study a finite-depositor version of the Diamond—Dybvig model of financial intermediation in which the bank and all depositors observe withdrawals as they…”
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Bank runs as coordination failures: An experimental study by Garratt, Rod, Keister, Todd

“…We use experimental methods to investigate what factors contribute to breakdowns in coordination among a bank’s depositors. Subjects in our experiment decide…”
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Banking panics and policy responses by Ennis, Huberto M., Keister, Todd

“…When policy makers have limited commitment power, self-fulfilling bank runs can arise as an equilibrium phenomenon. We study how such banking panics unfold in…”
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Introduction to the symposium by Camera, Gabriele, Keister, Todd

“…Issue Title: Symposium on Payments Systems…”
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Bank runs and investment decisions revisited by Ennis, Huberto M., Keister, Todd

“…We examine how the possibility of a bank run affects the investment decisions made by a competitive bank. Cooper and Ross [1998. Bank runs: liquidity costs and…”
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Economic growth, liquidity, and bank runs by Ennis, Huberto M., Keister, Todd

“…We construct an endogenous growth model in which bank runs occur with positive probability in equilibrium. In this setting, a bank run has a permanent effect…”
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