Shin, Hyun Song - In: Journal of Economic Perspectives 23 (2009) 1, pp. 101-19
The U.K. bank Northern Rock became the first high-profile casualty of the global financial crisis of 2007-2008 when it suffered its depositor run in September 2007. In spite of the television images of long lines of depositors outside its branch offices, the run on Northern Rock was unlike the...