> For the complete documentation index, see [llms.txt](https://the-fedz.gitbook.io/the-fedz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://the-fedz.gitbook.io/the-fedz/background-on-bank-stability/academic-research-and-the-fedz-context/andolfatto-2017-on-preventing-bank-runs.md).

# Andolfatto (2017) on Preventing Bank Runs

Coordination among depositors is crucial to preventing bank runs. Mechanisms that encourage cooperative behavior can enhance stability.