We assume no deposit insurance exists that guarantees payment of deposits or no discount window borrowing is
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We assume no deposit insurance exists that guarantees payment of deposits or no discount window borrowing is available to fund a temporary need for funds. The presence of deposit insurance and the discount window alter the incentive to engage in a bank run, as we describe later in this chapter.
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Related Book For 
Financial Markets And Institutions
ISBN: 9781259919718
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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