[This is the last half of a two-part critique of Douglas Diamond and Philip Dybvig’s highly influential paper purporting to show that…
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Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part I
by adminby adminHas any theoretical work on banking been more influential than Douglas Diamond and Phillip Dybvig’s 1983 JPE article, “Bank Runs, Deposit Insurance,…
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On November 19, Treasury Secretary Steven Mnuchin announced that he would sunset five of the Federal Reserve’s emergency lending programs at year-end:…
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JanetYellensLiftOff_GeorgeSelgin_CMFAWP001 The post Janet Yellen’s Lift Off (CMFA Working Paper No. 001) appeared first on Alt-M.
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Remember the Wide World of Sports? Spanning the globe to bring you the constant variety of sport… the thrill of victory… and…
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Buying and selling residential property in the US is an important factor for the USA economy overall, as historically seen in the…
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This is the third and final essay in my series on proposals to help reduce the number of unbanked households in America.…
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Statistics does not usually go with the word “famous,” but a few theorems and concepts of statistics find such universal application, that…