The new technologies for comms have changed many things in terms of coordination, including mobs. In Chile it was extensively covered the use school students did of internet and cell phones to coordinate their actions during the "penguin riots" a few years ago. And now there's this fascinating example of the Bank of East Asia in Hong Kong that nearly faced a run because somebody spread rumours of lack of liquidity.
I'm not into conspiracy theories but the possibility of somebody being able to spread a rumour that may hit hard on a bank seems like a fascinating argument for a thriller (maybe Jeffrey Archer could use the idea and invite me to a dinner in Grantchester). Beyond the literary implications this is again a good example of the importance of "expectations" in economics, and an issue that banks should consider in their "crisis manuals".
I'm not into conspiracy theories but the possibility of somebody being able to spread a rumour that may hit hard on a bank seems like a fascinating argument for a thriller (maybe Jeffrey Archer could use the idea and invite me to a dinner in Grantchester). Beyond the literary implications this is again a good example of the importance of "expectations" in economics, and an issue that banks should consider in their "crisis manuals".
Entradas
