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Philip H. Dybvig

Boatmen's Bancshares Professor of Banking and Finance · Washington University in St. Louis

Boatmen's Bancshares Professor of Banking and Finance at the Olin Business School, Washington University in St. Louis. Works on banking and financial economics; co-recipient of the 2022 Nobel Memorial Prize in Economic Sciences with Douglas Diamond and Ben Bernanke.

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Published Classic Journal of Political Economy Published Jun 1983

Bank Runs, Deposit Insurance, and Liquidity

Douglas W. Diamond · Philip H. Dybvig

A three-period model in which households face a privately observed, uninsurable risk of needing to consume early, and where a demand deposit contract lets banks share that risk better than any market …

Banking Credit Financial Stability Financial Crises Financial Regulation Deposit Markets Money Markets Liquidity Free Read ↗