Bank runs and international financial instability revisited

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)


This paper examines how an increase in international borrowing changes the probability of bank runs or currency crises under the fixed exchange rate regime. Capital inflows with a negative cross-border return differential may increase the probability of runs.

Original languageEnglish
Pages (from-to)187-194
Number of pages8
JournalEconomics Letters
Issue number2
Publication statusPublished - 2001 Nov
Externally publishedYes


  • Asymmetric and private information
  • Bank runs
  • Capital inflows
  • Currency crises
  • F31
  • G21

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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