John FitzGerald: How to contain a bank run in the high-speed age of social media

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John FitzGerald: How to contain a bank run in the high-speed age of social media
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John FitzGerald: How to contain a bank run in the high-speed age of social media via IrishTimesBiz

A bank run can impose huge costs on a solvent bank due to losses on forced sale of long-term assets. Hence the need for a central bank backstop

Unlike in the 1946 film It’s a Wonderful Life, today’s electronic banking meant nobody had to queue outside the bank to get their money

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