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Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort

City ofUnited kingdomPhilip dybvigPhiliph dybvigBens bernankePeter bofingerDouglas diamondThomas haasWalter bagehotHenrys kingBen bernankeInstitute for new economicDeutsche bundesbankPrize in economic sciencesInternational economicsArguments of the royal swedish academy