Contagious Bank Runs and Committed Liquidity Support

The authors thank two anonymous referees, associate editor, and department editor for valuable suggestions and Toni Ahnert, Thorsten Beck, Christoph Bertsch, Elena Carletti, Mark Carey (discussant), Fabio Castiglionesi, Ben Craig (discussant), Eric van Damme, Tobias Dieler (discussant), Murray Frank (discussant), Xavier Freixas, Ivanov Ivan (discussant), Xuewen Liu, Frederic Malherbe, Rafael Matta (discussant), Roberto Robatto (discussant), Jean-Charles Rochet, Javier Suarez, Wolf Wagner, Lucy White, and Andrew Winton (discussant) for comments and discussion. Helpful comments from Western Economic Association International/International Banking Economics and Finance Association summer conference, 13th Federal Deposit Insurance Corporation Bank Research Conference, China International Conference in Finance 2015 conference, 2016 Centre for Economic Policy Research 1st Annual Spring Symposium, 2016 Fixed Income and Financial Institutions conference, 2016 Financial Intermediation Research Society conference, 2016 Lisbon Meetings in Game Theory and Applications, 2nd Chapman Conference on Money and Finance, 1st Bristol Workshop on Banking and Financial Intermediation, 2017 International Workshop on Financial System Architecture and Stability 6th Workshop in Macro Banking and Finance, 2018 Office of Finance Research and Fed Atlanta Financial Stability Conference, 16th Paris December Finance Meeting, 2019 Chicago Financial Institutions Conference, seminar at Tilburg University, seminar in Riksbank, seminar at University of Zurich, seminar at Bank of Canada, seminar at Federal Reserve Board, seminar at International Monetary Fund, seminar at Carlos III University of Madrid, and seminar at Universitat Pompeu Fabra are also gratefully acknowledged.