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
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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.
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