Sand in the Wheels: Addressing Bank Runs through Contingent Fees
Studies how redemption fees triggered by large outflows change withdrawal incentives, and how their allocation affects the balance between run prevention and liquidity provision.
Enrico C. Perotti
Research on financial stability, growth, inequality, and institutions.
Studies how redemption fees triggered by large outflows change withdrawal incentives, and how their allocation affects the balance between run prevention and liquidity provision.
Research on how bank fragility evolves over the reserve cycle.
Research on liquidity runs and the incentives behind withdrawals.
Research on the relationship between demand for safety and control rights.
Studies how cash holdings and deferred compensation help innovative firms retain the employees who create intangible assets.
Examines how a shift towards intangible capital affects inequality, the supply of investable assets, interest rates, and household leverage.
Explores how technology that relies on skilled human capital can reduce firms’ financing needs and help explain falling interest rates alongside rising asset values.
Research on the structural decline in European corporate leverage.
Studies how rising climate risk, inequality, and differences in beliefs reshape voter support for adaptation. Political support can shift abruptly, while investment remains below the social optimum.
Develops a framework for measuring wellbeing across material, relational, and subjective dimensions.
Research on lobbying, bribery, and political influence.
Examines resistance to organisational change. An earlier draft with James Dow studies how changes in employee rents can impede adaptation to disruptive shifts.