Understanding bank runs

On 6 December, Prof Manju Puri, J B Fuqua Professor of Finance, Fuqua School of Business, Duke University and Vincent Woo Distinguished Visiting Scholar 2013/14 of Lingnan University, was invited to give a the public lecture entitled “Understanding Bank Runs”. The possibility of bank run is the most significant risk of a fractional reserve banking system, as it can destabilise the banking system and create downward pressure to the real economy. During the lecture, Prof Puri offered evidence and insights to understand the effectiveness of deposit insurance, role of social networks, bank-depositor relationships and bank capital structure in influencing depositor propensity to run. The underlying dynamics of bank runs were also explained. 美國杜克大學福庫商學院教授兼嶺大2013/14年度胡永輝傑出訪問學人Manju Puri教授，應邀於12月6日主持題為「認識銀行擠提」的公開講座。 銀行擠提的情況對銀行部分儲備金制度是一項重大風險，因為銀行擠提可導致銀行制度運作不穩，並引發實體經濟下滑的壓力。Puri教授於講座上提出理據和見解，幫助大家掌握有效的存款保險制度、社交網絡擔當的角色、銀行與存戶的關係以及銀行資本結構如何影響存款人擠提的傾向。Puri教授亦解釋了引致銀行擠提的潛在因素