Contribution to a book:

Jean-Charles Rochet, "Bank Runs and Financial Crises: A Discussion (part III)", in Credit, Intermediation, and the Macroeconomy: Readings and Perspectives in Modern Financial Theory, Sudipto Bhattacharya, Arnoud W.A. Boot and Bjorn Sundt (eds.), chapter 11, March 2004, p. 324-338.