Bank Liquidity and Stability in an Overlapping Generations Model

Qi, Jianping

doi:10.1093/rfs/7.2.389

Cited by 81 publications

(67 citation statements)

References 16 publications

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“…Proposition 3 (Qi, 1994). An unrestricted intermediary invests the entire periodic endowment, I 1, makes no liquidations, L 0, and o ers an (age-and timeindependent) one period total return r given by r e 2 4 1 À e p À e 2 1 À e Y 6…”

Section: Financial Intermediariesmentioning

confidence: 92%

“…5 That paper, however, studies intermediaries engaged in intragenerational transfers only, and it does not analyze stock market equilibria. Qi (1994) examines in®nitely lived depository intermediaries and shows how they may emerge endogenously in a setting similar to ours. The main di erences with our paper are two-fold.…”

Section: Introductionmentioning

confidence: 92%

“…We denote intermediaries o ering this class of unrestricted, fully anonymous contracts as unrestricted intermediaries. 15 This problem has been characterized in Qi (1994), giving the following proposition.…”

Section: Financial Intermediariesmentioning

confidence: 99%

See 2 more Smart Citations

Capital markets, financial intermediaries, and liquidity supply

Fulghieri

Rovelli

1998

Journal of Banking & Finance

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Section: Financial Intermediariesmentioning

confidence: 92%

Section: Introductionmentioning

confidence: 92%

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Capital markets, financial intermediaries, and liquidity supply

Fulghieri

Rovelli

1998

Journal of Banking & Finance

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“…10. The overlapping generations extension of the DD model by Qi [1994] goes beyond the scope of this article.…”

Section: Notesmentioning

confidence: 99%

“…They claim to have shown that this optimal outcome is attainable with government-insured deposit contracts that are ultimately backed up by the government's general taxation power. Their paper has been the focal point of a large literature (e.g., Qi [1994]; Jacklin [1993]; Russell [1993]; Haubrich and King [1990]; Engineer [1989]; Chari and Jagannathan [1988]; Freeman [1988]; Jacklin and Bhattacharya [1988]; Jacklin [1987]; Postlewaite and Vives [1987]) and continues to be widely cited as providing a definitive theoretical case for government deposit insurance.…”

Section: Introductionmentioning

confidence: 99%

Government Deposit Insurance and the Diamond-Dybvig Model

McCulloch¹,

Yu²

1998

Geneva Pap R I-Iss P

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The apparent banking market failure modeled by Diamond and Dybvig [1983] rests on their inconsistently applying their "sequential servicing constraint" to private banks but not to their government deposit insurance agency. Without this inconsistency, banks can provide optimal risk-sharing without tax-based deposit insurance, even when the number of "type 1" agents is stochastic, by employing a "contingent bonus contract." The threat of disintermediation noted by Jacklin [1987] in the nonstochastic case is still present but can be blocked by contractual trading restrictions. This article complements Wallace [1988], who considers an alternative resolution of this inconsistency.

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Bank deposits and Google searches in a crisis economy: Bayesian non‐linear evidence for Greece (2009–2015)

2020

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Due to a variety of reasons, the Greek economy faced a severe crisis being a member of EMU. Nonetheless, the country's banking system experienced a dramatic outflow of deposits, in the period 2009–2015. The present paper attempts to shed light on the possibility of forecasting bank deposits, based on the keyword “Grexit” of Google searches. In this context, apart from standard forecasting models like AR (p) and ARDL (p, q) we estimate a novel Neural Network ARDL (p, q, G) model and its respective Bayesian modification. We show that extending standard autoregressive models with the information provided by Internet Searches leads to significant improvement in the forecasting accuracy of the Bank Deposits, compared with other standard models. Furthermore, the forecasting performance of the models, which are extended with Google searches, is shown to be better than models containing only the well‐known indicators. Our findings are robust and econometrically sound.

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Bank Liquidity and Stability in an Overlapping Generations Model

Cited by 81 publications

References 16 publications

Capital markets, financial intermediaries, and liquidity supply

Capital markets, financial intermediaries, and liquidity supply

Government Deposit Insurance and the Diamond-Dybvig Model

Bank deposits and Google searches in a crisis economy: Bayesian non‐linear evidence for Greece (2009–2015)

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