There is a wide range of opinion regarding historical and theoretical causes of bank panics and financial crises. Current theory, and theory-based models, find little support in the historical record. This paper examines previous empirical findings based in detailed banking records and offers several new results based on detailed bank data from 1893 Helena, Montana. These findings suggest modeling bank panics as psycho-social events. The Bank Depositor Model (BDM) builds upon a model previously designed to examine emotions within a group (Bosse et al., 2009). BDM represents bank depositor behavior as resulting from a combination of heterogeneous agent (depositor) attributes, views expressed by those in an agents social network and exogenous...
In this paper, we consider how the intensity and channels of the relation between social networks an...
In the last decades, bank runs appeared to be a relic of the past. The run incidents during the rece...
There are two major problems in identifying the output effects of financial panics of the pre-Great ...
There are two competing theories explaining bank panics. One argues that panics are driven by real s...
Bank runs are usually happened as such that depositors panic and following the consequence of intera...
Using records of individual depositors’ accounts, this article provides a detailed microeconomic ana...
International audienceThis paper tests the possibility and the degree of persistence of self-fulfill...
We provide experimental evidence that panic bank runs occur in the absence of problems with fundamen...
Many empirical studies of banking crises have employed “banking crisis ” (BC) indicators to date the...
The “shadow banking system, ” at the heart of the current credit crisis is, in fact, a real banking ...
This paper proposes a novel approach to distinguish between di¤erent theories of bank runs. Our meth...
Existing models of banking panics contain no role for monetary factors and fail to explain why some ...
Empirical evidence suggests that banking panics are a natural outgrowth of the business cycle. In ot...
Historically banking panics have been associated with price declines in the United States. In his ”D...
When policy makers have limited commitment power, self-fulfilling bank runs can arise as an equilibr...
In this paper, we consider how the intensity and channels of the relation between social networks an...
In the last decades, bank runs appeared to be a relic of the past. The run incidents during the rece...
There are two major problems in identifying the output effects of financial panics of the pre-Great ...
There are two competing theories explaining bank panics. One argues that panics are driven by real s...
Bank runs are usually happened as such that depositors panic and following the consequence of intera...
Using records of individual depositors’ accounts, this article provides a detailed microeconomic ana...
International audienceThis paper tests the possibility and the degree of persistence of self-fulfill...
We provide experimental evidence that panic bank runs occur in the absence of problems with fundamen...
Many empirical studies of banking crises have employed “banking crisis ” (BC) indicators to date the...
The “shadow banking system, ” at the heart of the current credit crisis is, in fact, a real banking ...
This paper proposes a novel approach to distinguish between di¤erent theories of bank runs. Our meth...
Existing models of banking panics contain no role for monetary factors and fail to explain why some ...
Empirical evidence suggests that banking panics are a natural outgrowth of the business cycle. In ot...
Historically banking panics have been associated with price declines in the United States. In his ”D...
When policy makers have limited commitment power, self-fulfilling bank runs can arise as an equilibr...
In this paper, we consider how the intensity and channels of the relation between social networks an...
In the last decades, bank runs appeared to be a relic of the past. The run incidents during the rece...
There are two major problems in identifying the output effects of financial panics of the pre-Great ...
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