Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1, 2018 erstellt
Description:
One of the challenges of modern banks is providing uninsured wholesale depositors with a safe haven. We model banks deciding their own capital and liquidity levels in a forwardlooking manner to absorb an exogenous shock to their investment through interbank trading. A regulatory framework consisting of the upper bound of the interbank rate and regulatory minimums on both capital and liquidity is required to secure the safety of deposits by preventing banks from expropriating depositors to suit the interests of shareholders. Ex-post intervention must in uence the reservation rate of depositors, as it provides the lower bound of the interbank rate