The Size Distribution of the Banking Sector and Financial Fragility
研究银行业规模分布如何影响救助政策和金融脆弱性，发现大型银行市场内生地具有更高不稳定性，且财政当局为减少救助差异而提前少征税，反而扩大了挤兑均衡的范围。
Abstract We study the role of the size distribution of the banking sector for bailout policy and financial fragility in a model of financial intermediation with limited commitment and noisy sunspots. In particular, due to the different costs of mitigating depositors' losses, differences in financial fragility arise endogenously in the sense that the large banking market admits a higher degree of instability. Moreover, the desire to reduce differences in the amount of bailout funding across segments of the banking system leads the fiscal authority to collect less taxes ex‐ante but ends up rendering the scope for run equilibria larger.