Difference between revisions of "Bank run"
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http://usinfo.state.gov/products/pubs/oecon/chap12.htm | http://usinfo.state.gov/products/pubs/oecon/chap12.htm | ||
| − | [[Category: | + | ==See also== |
| + | * [[Recession]] | ||
| + | * [[Financial Crisis of 2008]] | ||
| + | * [[Great Depression]] | ||
| + | * [[Panic of 1837]] | ||
| + | * [[Panic of 1893]] | ||
| + | * [[Panic of 1907]] | ||
| + | [[Category:Business]] | ||
| + | [[Category:Economic history]] | ||
Revision as of 12:43, December 7, 2008
A series of unexpected cash withdrawals from a bank caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency, i.e. many depositors withdraw cash almost simultaneously. Since the cash reserve a bank keeps on hand is only a small fraction of its deposits, a large number of withdrawals in a short period of time can deplete available cash and force the bank to close and possibly go out of business.
Sources
http://usinfo.state.gov/products/pubs/oecon/chap12.htm