Banking, Liquidity and Bank Runs in an Infinite-Horizon Economy

Mark Gertler, Nobuhiro Kiyotaki

NBER Working Paper No. 19129
Issued in June 2013

---- Acknowledgments ----

Gertler and Kiyotaki acknowledge the support of the National Science Foundation The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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