
All about bank(panic)s and the implications for policy
Exchanges
00:00
The Origins of Bank Panics
In broad terms, there was nothing unusual about this bank run. That is, the bank run proceeded exactly as textbooks suggest bank runs proceed. Making panics and financial crises, anonymously, are due to bank runs. We then turned to Gortney for more context on why and how bank panics occur in the first place.
Transcript
Play full episode