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Brown Bag
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Brownbag: Marco Cipriani (Federal Reserve Bank of New York)
Darden, FOB 294Tracing Bank Runs in Real Time Abstract We use high-frequency interbank payments data to trace deposit flows in March 2023 and identify twenty-two banks that suffered a run, significantly more than the two that failed but fewer than the number with large negative stock returns. The runs were driven by Read more…