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Bank Run |
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Bank Run A situation in which numerous bank customers try to withdraw their bank deposits simultaneously and the bank's reserves are not sufficient to cover the withdrawals Notes: Bank runs are a result of panic.See also: Bank, Panic Selling Bank run (bank panic) A series of unexpected cash withdrawals caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency, i.e. many depositors withdraw cash almost simultaneously. Since the cash reserve a bank keeps on hand is only a small fraction of its deposits, a large number of withdrawals in a short period of time can deplete available cash and force the bank to close and possibly go out of business. |
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| Krugman is more inclined to think that it merely touched off a garden-variety bank run, and he points out differences between more developed economies, particularly South Korea, and some of the others (1999, pp. When radiant heaters in an oven bank run at the same temperature they will always overheat the center of the sheet and under-heat the periphery. The dream had been to have a bank run by women, but when the St. |
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Bank Run