銀行取付け防止策としての支払停止条項の有効性 : 厚生分析
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概要
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This paper is theoretical analysis ot the effect on welfare to be benefited by suspension of convertibility of demand deposit, fot which the framework of Goldstein and Pauzner (2005) is used. We find that suspension of convertibility eliminates panic-based bank runs, but raises the rate of interests on deposit. In conclusion the application of suspension of convertibility may decline welfare and may not become effective measures against preventing bank runs.
- 同志社大学の論文