| Budget Amount *help |
¥3,120,000 (Direct Cost: ¥2,400,000、Indirect Cost: ¥720,000)
Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2013: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2012: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Outline of Final Research Achievements |
Financial systems can be down by people’s “bad” behavior. This study investigates the possibility of the prevention of financial-system-down by using theoretical models of banking, mechanism design, and repeated games. I show that a deposit contract that uses preference for honesty is effective for the prevention of bank runs by a single bank. If there are multiple banks in a market and they are long-lived players, they accommodate assets each other as their optimal behavior.
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