All financial crises involve bank runs

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Gorton claims that all financial crises involve bank runs. An example of this is that interbank loans among domestically chartered commercial banks (nterbank loans, domestically chartered commercial banks, seasonally adjusted (H8/H8/B1045NDMAM) fell from over $390 billion in September of 2008 to less than $280 billion by December of 2008. True or False? Why?

Reference no: EM13890717

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All financial crises involve bank runs : Gorton claims that all financial crises involve bank runs. An example of this is that interbank loans among domestically chartered commercial banks (nterbank loans, domestically chartered commercial banks, seasonally adjusted (H8/H8/B1045NDMAM) fell ..

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