Disaster Risk

Running Towards Disaster: Bank Runs, Rare Disasters, and Asset Prices
How much aggregate risk compensation can be traced to systemic bank runs? We answer this question using long-run estimates of retail- …
C. Christoher Hyland, Rustam Jamilov, Tobias König, Karsten Müller, Farzad Saidi
Last updated on Sep 25, 2026