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ERIC Number: EJ932874
Record Type: Journal
Publication Date: 2011
Pages: 19
Abstractor: As Provided
Reference Count: 13
ISBN: N/A
ISSN: ISSN-0022-0485
Teaching Bank Runs with Classroom Experiments
Balkenborg, Dieter; Kaplan, Todd; Miller, Timothy
Journal of Economic Education, v42 n3 p224-242 2011
Once relegated to cinema or history lectures, bank runs have become a modern phenomenon that captures the interest of students. In this article, the authors explain a simple classroom experiment based on the Diamond-Dybvig model (1983) to demonstrate how a bank run--a seemingly irrational event--can occur rationally. They then present possible topics for discussion including various ways to prevent bank runs and moral hazard. (Contains 2 figures, 4 tables, and 10 notes.)
Routledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940; Web site: http://www.tandf.co.uk/journals
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A