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DTSTART:20241027T030000
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UID:calendar.135309.field_date.0@www.tse-fr.eu
DTSTAMP:20260606T051513Z
CREATED:20240710T211001Z
DESCRIPTION:Alkis Georgiadis-Harris (Warwick University)\, “Smart Banks”\, 
 Economic Theory Seminar\, Toulouse: TSE\, December 3\, 2024\, 11:00–12:15\
 , room Auditorium 3.\n\n:  Since Diamond and Dybvig (1983)\, banks have be
 en viewed as inherently fragile. We challenge this view in a general mecha
 nism design framework. Our approach allows for flexibility in the design o
 f banking mechanisms while maintaining limited commitment of the intermedi
 ary to future mechanisms. We find that the unique equilibrium outcome is e
 fficient. Consequently\, runs cannot occur in equilibrium. Our analysis po
 ints to the ultimate sources of fragility: banks are fragile if they canno
 t collect and optimally respond to useful information during a run\, and n
 ot because they engage in maturity transformation. We link our banking mec
 hanisms to recent technological advances surrounding ‘smart contracts\,’ w
 hich enrich the contracting space and can be used to eliminate financial f
 ragility.
DTSTART;TZID=Europe/Paris:20241203T110000
DTEND;TZID=Europe/Paris:20241203T121500
LAST-MODIFIED:20260113T095129Z
LOCATION:Toulouse: TSE\, December 3\, 2024\, 11:00–12:15\, room Auditorium 
 3
SUMMARY:Economic Theory Seminar
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2024-smart-banks
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