Gorton claims that all financial crises involve bank runs. An example of this is
ID: 2771721 • Letter: G
Question
Gorton claims that all financial crises involve bank runs. An example of this is that interbank loans among domestically chartered commercial banks (nterbank loans, domestically chartered commercial banks, seasonally adjusted (H8/H8/B1045NDMAM) fell from over $390 billion in September of 2008 to less than $280 billion by December of 2008. Gorton claims that all financial crises involve bank runs. An example of this is that interbank loans among domestically chartered commercial banks (nterbank loans, domestically chartered commercial banks, seasonally adjusted (H8/H8/B1045NDMAM) fell from over $390 billion in September of 2008 to less than $280 billion by December of 2008.Explanation / Answer
Yes, its true that all financial crisis involves the bank runs because bank are the apex institute that provide s finance and when the provider of finance are able able to do the work they are accounted for in that case the financial crisis occurs
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