Accounting
May 03, 2023
Professors Qi Chen and Rahul Vashishtha say some disclosure requirements might increase the risk of bank runs
Until recently, the only bank run many had ever experienced was in the movie “It’s a Wonderful Life.” But when the depositors of Silicon Valley Bank withdrew $42 billion in a single day—the largest bank run in U.S. history –the modern world discovered that even a regional bank default can tip the whole financial system onto the... read more