After having viewed the video clips and worked through the extended reading, please respond to the below discussion prompt. Please be sure to reference your sources in appropriate APA formatting and to provide substantive evidence of any claims that you make. Where appropriate, include personal anecdotes, statistics, and references to additional reading or materials. After you have posted your initial response, visit the forum again over the coming days to read the responses of your peers. You should respond to at least two other students by asking them to elaborate on a point, providing a counter-argument, suggesting a topic for debate, or referring back to the extended reading or video clips. Bank runs used to be very common. Around 10,000 banks failed in the period of 1930-1933, although banks at the time were much smaller, and, in current terminology, not “systematically important.” Another, luckily smaller wave of bank defaults occurred between 1982 and 1990. Although becoming less common, bank runs are a problem to this day. Northern Rock Bank, for example, experienced a bank run in 2007 after speculation emerged in regards to its liquidity problems. Most recently Russian banks faced Write a critical essay describing and analyzing the reasons why bank runs happen and what bans banks and government can implement to prevent them. Critically examine examples other than the ones mentioned above.
