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Suppose also that the governments total available reserve is $6. Does the panic-based bank run arise if each citizen expects that all others will run?
Suppose also that the governments total available reserve is $6. Does the panic-based bank run arise if each citizen expects that all others will run? If not, how much is the growth rate and how much does the government actually pay to citizens?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
