文獻上關於銀行擠兌與利率期限結構分別有諸多探討。本文將簡單的利率期限結構導入銀行擠兌模型, 並允許存款者使用對稱之混合策略, 以求出均衡時的銀行擠兌機率。模型的模擬結果顯示出,較低的短期實質利率或較高的長期實質利率,皆會提高銀行擠兌機率。此理論結果與近期的實證研究結論一致。

The term structure of interest rates and m e phenomenon of bank runs are widely bur separately studied in me literature. In this paper, we introduce a simple term structure of interest rates in a bank runs model. By allowing depositors to use a symmetric mixed strategy the probability of bank runs can be derived. Our simulation shows mat a low short-term real interest rate or a high long- term real interest rate would raise the probability of bank runs. This result is consistent with recent empirical findings.