Björn PlaschnickOn the Nature of Fundamental-based and Panic-based Bank Runs
An Analysis of the Origins of Bank Runs
Schriftenreihe volkswirtschaftliche Forschungsergebnisse, Band 160
Hamburg 2010, 176 Seiten
ISBN 978-3-8300-4955-5 (Print) |ISBN 978-3-339-04955-1 (eBook)
Zum Inhalt
In the last decades, bank runs appeared to be a relic of the past. The run incidents during the recent global financial crisis have however shown that the threat of bank runs has not vanished and still represents a severe problem for the stability and performance of modern economies‘ banking systems.
The causes of bank runs and their economic consequences are the subject of this book. A theoretical model of an economy‘s banking sector is developed in which bank runs occur due to bad news about future investment returns of banks as well as due to a panic behaviour of depositors, i.e. fears of massive withdrawals by the other depositors. The determinants for the emergence of runs are examined. Furthermore, the economic consequences of bank runs, as well as the effects of measures for their prevention are analyzed.
Schlagworte
Asymmetric InformationBank PanicsBank RunsDemand Deposit ContractDeposit InsuranceDiamond-DybvigEinlagensicherungFinancial CrisisFinancial IntermediationFinanzkriseGlobal GamesGoldstein-PauznerInformation EconomicsSichteinlageSuspension of ConvertibilityTheorie globaler SpieleVolkswirtschaftslehreIhr Werk im Verlag Dr. Kovač
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