ession,” American Economic Review 98, September 2008, 1476-1516. Bernanke, Ben S. Essays on the Great Depression. Princeton University Press, 2000. Gorton, Gary and Andrew Metrick, “Securitized Banking and the Run on Repo,” Yale ICF Working Paper No. 09-14. Gorton, Gary and Andrew Metrick, “Haircuts,”

's `despicable' crimes made the financier, whose lawyers had lauded his support of children's charities, `not only a felon, but a hypocrite.'" Judge Gorton "had previously sentenced Henriquez's wife, Elizabeth, to seven months in prison. In court papers filed before Manuel Henriquez was sentenced, pros

's 'despicable' crimes made the financier, whose lawyers had lauded his support of children's charities, 'not only a felon, but a hypocrite." Judge Gorton "had previously sentenced Henriquez's wife, Elizabeth, to seven months in prison. In court papers filed before Manuel Henriquez was sentenced, pros

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he run has to affect the financial system and, ultimately, the real economy. We need to understand what makes for "contagion" or a "systemic" run. Gorton and Metrick (2012) fill in this part of the picture. Seeing a run on institution A, investors in institution B question its finances, and are sparke

's 'despicable' crimes made the financier, whose lawyers had lauded his support of children's charities, 'not only a felon, but a hypocrite." Judge Gorton "had previously sentenced Henriquez's wife, Elizabeth, to seven months in prison. In court papers filed before Manuel Henriquez was sentenced, pros