A LITERATURE REVIEW FOR EXPERIMENTAL STUDIES OF BANK RUNS / Banka Hücumlarına İlişkin Deneysel Çalışmalara Ait Bir Literatür Taraması

Abstract

With the bank runs experienced in different western countries during and after the 2007-2008 global financial crisis, bank run phenomena can be seen as the awakening of a ghost in financial markets, which is a definite call for research for the fundamental factors that derive bank runs. Prior to the global financial crisis there were only two experimental researches of bank runs. Parallel with the experimental methods being popular in finance and the latest global financial crisis, the number of papers in the field has risen sharply. This paper reviews the state of art for the experimental researches of bank runs. The results of the literature review indicate that some papers are approaching to the issue in a more individual level by taking into account psychological factors, while other papers are mostly interested in macro impacts of bank runs, such as contagion effects.