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

Abstract

With the bank runs experienced indifferent western countries during and after the 2007-2008 global financialcrisis, bank run phenomena can be seen as the awakening of a ghost in financialmarkets, which is a definite call for research for the fundamental factors thatderive bank runs. Prior to the global financial crisis there were only twoexperimental researches of bank runs. Parallel with the experimental methods beingpopular in finance and the latest global financial crisis, the number of papersin the field has risen sharply. This paper reviews the state of art for theexperimental researches of bank runs. The results of the literature reviewindicate that some papers are approaching to the issue in a more individuallevel by taking into account psychological factors, while other papers aremostly interested in macro impacts of bank runs, such as contagion effects.

Keywords

• bank runs
• depositor game
• experimental finance
• game theory
• financial crises
• banka hücumları
• mevduat oyunu
• deneysel finans
• oyun teorisi
• finansal krizler