Abstract
Bank failures differ from other business failures in that failures of some banks can result in systemwide bank runs that can paralyze the entire economy. This unique feature of the banking business has attracted considerable attention in the 1980s when banking problems re-emerged. Although the financial structure of banks improved in the early 1990s, the possibility of banking instability remains as an important concern in formulating banking policies.
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Park, S. (1995). A Triggering Mechanism of Economywide Bank Runs. In: Cottrell, A.F., Lawlor, M.S., Wood, J.H. (eds) The Causes and Costs of Depository Institution Failures. Innovations in Financial Markets and Institutions, vol 9. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-0663-4_9
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DOI: https://doi.org/10.1007/978-94-011-0663-4_9
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