Coordination and communication during bank runs

Volume: 20, Pages: 115 - 130
Published: Dec 1, 2018
Abstract
We analyze the withdrawal behavior of bank depositors in times of economic crisis. In our experimental model, we do not impose restrictions on the number of times subjects can withdraw or redeposit money. Additionally, there is no specific order in which subjects decide, and therefore, subjects have a variety of possible strategic moves (e.g., waiting, reacting to others, contacting peers, etc.) that are also available in reality. The experiment...
Paper Details
Title
Coordination and communication during bank runs
Published Date
Dec 1, 2018
Volume
20
Pages
115 - 130
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