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A Systematic Banking Collapse in a Perfect Foresight World / Robert P. Flood, Peter M. Garber.
- Format:
- Book
- Author/Creator:
- Flood, Robert P.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w0691.
- NBER working paper series no. w0691
- Language:
- English
- Subjects (All):
- Economic forecasting--Mathematical models.
- Economic forecasting.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1981.
- Cambridge, Mass. : National Bureau of Economic Research, 1981.
- Summary:
- In this paper we present a model in which a systematic banking collapse is possible in a perfect foresight, general equilibrium context. Our aim is to determine con3itions under which a collapse will eventually occur and the timing of such a collapse. The collapse can occur endogenously, driven by market fundamentals. Alternatively, it can be caused by a mass hysteria which generates itself in reality. Vie also compare the assumptions and implications of our model to the observable phenomena of the 1930's.
- Notes:
- Print version record
- June 1981.
- Includes bibliographical references.
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