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Cited by 435

The DOI matches its Crossref record; 46 of the 46 references it cites were found in a registry or an index.

Deposit Competition and Financial Fragility: Evidence from the US Banking Sector

Open access
Egan, Mark, Hortaçsu, Ali, Matvos, Gregor·2017·American Economic Review
DOI 10.1257/aer.20150342
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Abstract

We develop a structural empirical model of the US banking sector. Insured depositors and run-prone uninsured depositors choose between differentiated banks. Banks compete for deposits and endogenously default. The estimated demand for uninsured deposits declines with banks' financial distress, which is not the case for insured deposits. We calibrate the supply side of the model. The calibrated model possesses multiple equilibria with bank-run features, suggesting that banks can be very fragile. We use our model to analyze proposed bank regulations. For example, our results suggest that a capital requirement below 18 percent can lead to significant instability in the banking system. (JEL E44, G01, G21, G28, G32)

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Metadata

Authors
Egan, M., Hortaçsu, A., & Matvos, G.
Venue
American Economic Review
Publisher
American Economic Association
Published
2017-01-01
Volume
107
Issue
1
Pages
169-216
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.20150342
OpenAlex
W2201756657
Cited by
435
References
46
FWCI
37.44
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Deposit Competition and Financial Fragility: Evidence from the US Banking Sector. https://app.cochat.ai/papers/10.1257/aer.20150342
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Egan, M., Hortaçsu, A., & Matvos, G. (2017). Deposit Competition and Financial Fragility: Evidence from the US Banking Sector. American Economic Review. https://doi.org/10.1257/aer.20150342

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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