Mar 19, 13 •
213 Views •
Behavioral Economics, Financial Markets, International Trade and Finance, Money and Monetary Policy, Regulation •
Elaine Schwartz •
Like New York’s Knickerbocker Bank in 1907 or Jimmy Stewart’s 1930s bank in It’s a Wonderful Life, the ingredients of a classic run include distraught depositors and rumors of a bank’s imminent demise. Now we can add a third bank run ingredient: An
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