Procyclical Leverage and Crisis Probability in a Macroeconomic Model of Bank Runs

Daisuke Ikeda; Hidehiko Matsumoto

doi:10.1086/741483

journal article Mar 24, 2026

Procyclical Leverage and Crisis Probability in a Macroeconomic Model of Bank Runs

Daisuke Ikeda Hidehiko Matsumoto

Journal of Political Economy Macroeconomics · University of Chicago Press

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Published: Mar 24, 2026

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Daisuke Ikeda, Hidehiko Matsumoto (2026). Procyclical Leverage and Crisis Probability in a Macroeconomic Model of Bank Runs. Journal of Political Economy Macroeconomics. https://doi.org/10.1086/741483

Procyclical Leverage and Crisis Probability in a Macroeconomic Model of Bank Runs

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