Panic bank runs, global market contagion and the financial consequences of social media
(2023)
Journal Article
Dosumu, O. E., Sakariyahu, R., Oyekola, O., & Lawal, R. (2023). Panic bank runs, global market contagion and the financial consequences of social media. Economics Letters, 228, Article 111170. https://doi.org/10.1016/j.econlet.2023.111170
This paper provides empirical analysis on how social media amplifies bank runs, using the recent bank turmoil in the US. Employing data for 94 countries, our findings show that social media provides a conduit through which an immediate negative and s... Read More about Panic bank runs, global market contagion and the financial consequences of social media.