; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Communication Barriers in the Diamond-Dybvig Model: The Sequential-Service Constraint and Other Implications"; ; "batchuser@example.com"; "Wallace, Neil"; "Federal Reserve Bank of Minneapolis"; "Sequential service constraint", "Communication barrier", "Liquid assets", "Diamond", "Deposit insurance", "Dybvig", "Banks"; "G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages"; "The Diamond-Dybvig model of banking (Journal of Political Economy, 1983) is amended by introducing communication barriers - these being implicit in their model and in most explanations of why people hold so-called liquid assets. These barriers imply the sequential-service constraint that Diamond and Dybvig imposed on private intermediation and have other implications: infeasibility of the policy that Diamond and Dybvig identify with deposit insurance and desirability of dependence of the realized return on deposits on the random order of withdrawals."^^; "1987-09"; "2018-03-13T20:49:32.157329913+00:00"^^; "https://doi.org/10.21034/wp.370"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2020-05-08T21:07:35.309676221+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "823"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "370"; "Sequential service constraint", "Liquid assets", "Diamond", "Banks", "Deposit insurance", "Dybvig", "Communication barrier"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; ; "Publication" . ; .