Revisitando los modelos de Birnbaum-Chávez y de Diamond-Dybvig sobre corridas bancarias ¿Las corridas dependen sólo de fundamentos económicos o también de factores psicológicos?

Romero-Ramírez, Erick and Venegas-Martínez, Francisco and Trejo-García, José Carlos (2018): Revisitando los modelos de Birnbaum-Chávez y de Diamond-Dybvig sobre corridas bancarias ¿Las corridas dependen sólo de fundamentos económicos o también de factores psicológicos?

Abstract

Resumen: Este trabajo revisita y extiende los modelos de Birnbaum-Chávez (1997) y Diamond-Dybvig (1983) mediante la incorporación de nuevos parámetros psicológicos. La extensión propuesta es útil para mostrar que el nivel de optimismo/pesimismo y la aversión al riesgo de los individuos, así como la importancia (o peso) que los individuos asignen a los posibles resultados de la economía pueden hacer que la suspensión de convertibilidad, el seguro de depósitos bancarios y la política preventiva de impuestos del gobierno sean mecanismos insuficientes para evitar corridas bancarias. / Abstract: This paper is aimed at revisiting and extending Birnbaum-Chávez’s (1997) y Diamond-Dybvig’s (1983) models by incorporating new psychological parameters. The proposed extension is useful to show that the level of optimism/pessimism and the risk aversion of individuals, as well as the importance (or weight) that individuals assign to the possible outcomes of the economy can make the suspension of convertibility, the bank deposit insurance and the government tax preventive policy insufficient mechanisms to avoid bank runs.

• Item Type: MPRA Paper
• English Title: Revisiting Birnbaum-Chávez and Diamond-Dybvig models on bank runs: Do runs depend only on economic fundamentals or also on psychological factors?
• Language: Spanish
• Keywords: Economía conductual, pánico bancario, corridas bancarias. / Behavioral economics, banking panic, bank runs.
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

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