Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks
---- Acknowledgements ----
We would like to thank Doug Diamond, Mark Flannery, Atif Mian, Adair Morse, George Pennacchi, Debu Purohit, David Robinson, Claire Rosenfeld, Florencio Lopez de Silanes, Phil Strahan, Per Stromberg, David Smith, Amir Sufi, Anjan Thakor, Tanju Yorulmazer, and seminar participants at the American Finance Association Meetings, New Orleans, Bank Structure and Competition conference, Fed Chicago, Duke University, European School of Management and Technology, Federal Deposit Insurance Corporation, Washington, Financial Intermediation Research Society Conference, Anchorage, Harvard Business School, Indian School of Business, NBER Corporate Finance Summer Institute, New York Fed and NYU Stern conference on Financial Intermediation, University of Amsterdam, UBC Winter conference, Whistler, World Bank, Vanderbilt University, and CAC-FIC-SIFR conference at Wharton for helpful comments. We are grateful to Mr. Gokul Parikh, and the staff of the bank for all their help. We appreciate the excellent research assistance of Ananth Raman. We thank the FDIC for financial support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.