Understanding bank runs
Vincent Woo Distinguished Visiting Scholars Programme
5:00 p.m. -- 6:30 p.m.
Lee Ying Lam Lecture Theatre (MBG07), Patrick Lee Wan Keung Academic Building, Lingnan University
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.
Puri, M. (2013, December 6). Understanding bank runs [Video podcast]. Retrieved from http://commons.ln.edu.hk/videos/5
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.
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.