Patrick Bolton
Institution
Columbia University
PhD Year
1986
Phone
212-854-9245
pb2208@columbia.edu
FTG Membership
Fellow
Website
https://www0.gsb.columbia.edu/faculty/pbolton
Featured Work
Jan 1, 2020
Dynamic Banking and the Value of Deposits
We propose a theory of banking in which banks cannot perfectly control deposit flows. Facing uninsurable loan and deposit shocks, banks dynamically manage lending, wholesale funding, deposits, and equity. Deposits...
