Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking

DOUGLAS W. DIAMOND; RAGHURAM G. RAJAN

doi:10.1086/319552

journal article Apr 01, 2001

Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking

DOUGLAS W. DIAMOND RAGHURAM G. RAJAN

Journal of Political Economy Vol. 109 No. 2 pp. 287-327 · University of Chicago Press

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Details

Published: Apr 01, 2001
Vol/Issue: 109(2)
Pages: 287-327

Authors

Cite This Article

DOUGLAS W. DIAMOND, RAGHURAM G. RAJAN (2001). Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking. Journal of Political Economy, 109(2), 287-327. https://doi.org/10.1086/319552

Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking

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