Arbeitspapier
Preventing (panic) bank runs
Andolfatto et al. (2017) proposes a mechanism to eliminate bank runs that occur as a coordination problem among depositors (Diamond and Dybvig, 1983). Building on their work, we conduct a laboratory experiment where we offer depositors the possibility to relocate their funds to a priority account. We find evidence that the mechanism reduces not only bank runs that occur because of a coordination problem among depositors but also panic bank runs (Kiss et al., 2018) that occur when depositors can observe the action of others.
- Sprache
-
Englisch
- Erschienen in
-
Series: KRTK-KTI Working Papers ; No. KRTK-KTI WP - 2022/13
- Klassifikation
-
Wirtschaft
Design of Experiments: Laboratory, Individual
Micro-Based Behavioral Economics: General‡
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Behavioral Finance: General‡
- Thema
-
bank run
coordination problem
panic behavior
experimental economics
policy tools
financial stability
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kiss, Hubert J.
Rodríguez-Lara, Ismael
Rosa-Garcia, Alfonso
- Ereignis
-
Veröffentlichung
- (wer)
-
Hungarian Academy of Sciences, Institute of Economics, Centre for Economic and Regional Studies
- (wo)
-
Budapest
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kiss, Hubert J.
- Rodríguez-Lara, Ismael
- Rosa-Garcia, Alfonso
- Hungarian Academy of Sciences, Institute of Economics, Centre for Economic and Regional Studies
Entstanden
- 2022
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