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All Outputs (10)

The "Compensated Dollar" Revisited. (2000)
Book Chapter
Dowd, K. (2000). The "Compensated Dollar" Revisited. In K. Dowd (Ed.), Money and the Market: Essays on Free Banking (104-113). Routledge

Bank Capital Adequacy versus Deposit Insurance (2000)
Journal Article
Dowd, K. (2000). Bank Capital Adequacy versus Deposit Insurance. Journal of Financial Services Research, 17(1), 7-15. https://doi.org/10.1023/a%3A1008149106536

This paper re-evaluates the Diamond-Dybvig analysis of deposit insurance by constructing a model in which an agent not in need of liquidity sets up a financial intermediary to sell liquidity insurance to other agents who desire such insurance. This i... Read More about Bank Capital Adequacy versus Deposit Insurance.