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Econ Focus

Fall 2005

Why Economists Still Worry About Bank Runs

They may be rare today, but the costs they impose can be large — and so can the measures we take to prevent them, says a Richmond Fed economist
By Doug Campbell

Web Links

Diamond, Douglas W., and Philip H. Dybvig. “Bank Runs, Deposit Insurance, and Liquidity.” Journal of Political Economy, June 1983, vol. 91, no. 3, pp. 401-419.

Ennis, Huberto M., and Todd Keister. “Economic Growth, Liquidity, and Bank Runs.” Journal of Economic Theory, Spring 2003, vol. 109, no. 2, pp. 220-245.

Stackhouse, Julie and Mark Vaughan. “Navigating the Brave New World of Bank Liquidity.” Federal Reserve Bank of St. Louis, Regional Economist, July 2003.

Tim Sablik