This paper discusses recent bank runs in seven transition economies (Russia, Bulgaria, Estonia, Hungary, Latvia …, Lithuania and Romania), comparing them against the older US experience and theoretical research. Bank runs seem to usually be … information based. For example, improvements in bank transparency such as new accounting rules can reveal a bank's insolvency and …

This paper discusses recent bank runs in seven transition economies (Russia, Bulgaria, Estonia, Hungary, Latvia …, Lithuania and Romania), comparing them against the older US experience and theoretical research. Bank runs seem to usually be … information based. For example, improvements in bank transparency such as new accounting rules can reveal a bank’s insolvency and …

This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those … directed first at closing institutions promptly, reforming bankruptcy statutes to admit special procedures for handling bank …