Title

Understanding bank runs

Streaming Media

Organizer

Lingnan University

Document Type

Public Lecture

Date

12-6-2013

Time

5:00 p.m. -- 6:30 p.m.

Venue

Lee Ying Lam Lecture Theatre (MBG07), Patrick Lee Wan Keung Academic Building, Lingnan University

Description

On 6 December, Prof Manju Puri, J B Fuqua Professor of Finance, Fuqua School of Business, Duke University and Vincent Woo Distinguished Visiting Scholar 2013/14 of Lingnan University, was invited to give a the public lecture entitled “Understanding Bank Runs”.

The possibility of bank run is the most significant risk of a fractional reserve banking system, as it can destabilise the banking system and create downward pressure to the real economy. During the lecture, Prof Puri offered evidence and insights to understand the effectiveness of deposit insurance, role of social networks, bank-depositor relationships and bank capital structure in influencing depositor propensity to run. The underlying dynamics of bank runs were also explained.

美國杜克大學福庫商學院教授兼嶺大2013/14年度胡永輝傑出訪問學人Manju Puri教授,應邀於12月6日主持題為「認識銀行擠提」的公開講座。

銀行擠提的情況對銀行部分儲備金制度是一項重大風險,因為銀行擠提可導致銀行制度運作不穩,並引發實體經濟下滑的壓力。Puri教授於講座上提出理據和見解,幫助大家掌握有效的存款保險制度、社交網絡擔當的角色、銀行與存戶的關係以及銀行資本結構如何影響存款人擠提的傾向。Puri教授亦解釋了引致銀行擠提的潛在因素。

Language

English

Additional Information

Vincent Woo Distinguished Visiting Scholar Programme 2013-14, Lingnan University

The public lecture was part of the “Vincent Woo Distinguished Visiting Scholar Programme” established in 1999 with the generous endowment given by Dr Vincent Woo Wing-fai. The Programme provides funding for the University to invite an internationally renowned scholar to stay on campus for a week each year to give a public lecture, hold seminars with staff and students, and give advice to various academic departments.

是次講座為於1999年由胡永輝博士慷慨捐贈成立的「胡永輝傑出訪問學人計劃」其中一項活動。透過此計劃的資助,大學每年邀請一位國際知名的學者出任訪問學人,駐校一周,期間主持一場公開講座、為學生及教職員舉辦研討會,並為學術部門提供意見。

Speaker

Manju Puri is the J. B. Fuqua Professor of Finance at the Fuqua School of Business, Duke University. She was earlier Associate Professor of Finance at Stanford Business School, which she joined after earning her Ph.D in finance at New York University and MBA from the Indian Institute of Management, Ahmedabad. Professor Puri has been an executive and consultant in the banking industry, and is a leading scholar in banking and venture capital. Her research interests are in the area of empirical corporate finance and financial intermediation, with focus on commercial banks, investment banks, venture capital and entrepreneurship.

Professor Puri has published widely in the leading finance journals including Journal of Finance, Journal of Financial Economics and Review of Financial Studies. Her research has won multiple awards including two Western Finance Association best paper awards, and two Fama-DFA awards in Journal of Financial Economics. Professor Puri has served as a co-editor of the Journal of Financial Intermediation, as well as on the Editorial Boards of several journals including the Journal of Finance, Journal of Money, Credit and Banking, Journal of Empirical Finance, Journal of Financial Research and Journal of Financial Services Research. She is a Research Associate with the National Bureau of Economic Research. Her work has been supported by the FDIC, National Science Foundation, and Sloan Foundation Fellowship.

Professor Puri teaches an elective she created on “Raising Capital” for the MBA students at Fuqua. She has also taught a Ph.D class on Empirical Corporate Finance and has taught Advanced Corporate Finance, and Venture Capital Financing at Fuqua and Stanford Business School. She has mentored a number of Ph.D students who have been placed at the leading schools including Columbia, Cornell, MIT and Yale University.

Recommended Citation

Puri, M. (2013, December 6). Understanding bank runs [Video podcast]. Retrieved from http://commons.ln.edu.hk/videos/5

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