Economic Fundamentals and Bank Runs

FRB Richmond Economic Quarterly, Vol. 89, No. 2, Spring 2003, pp. 55-71

17 Pages Posted: 5 Dec 2012

See all articles by Huberto M. Ennis

Huberto M. Ennis

Federal Reserve Banks - Federal Reserve Bank of Richmond

Date Written: 2003

Abstract

Recent research has argued that the multiple-equilibria explanation of bank runs is inconsistent with a basic stylized fact: bank runs tend to occur under poor economic conditions. This conclusion is not well justified. Reasonable theories that explain bank runs as self-fulfilling events can also explain the correlation of bank runs with deteriorating economic fundamentals.

Suggested Citation

Ennis, Huberto M., Economic Fundamentals and Bank Runs (2003). FRB Richmond Economic Quarterly, Vol. 89, No. 2, Spring 2003, pp. 55-71. Available at SSRN: https://ssrn.com/abstract=2184922

Huberto M. Ennis (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

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