... O WORKING PAPER SERIES NO 845 / DECEMBER 2007 In 2007 all ECB publications feature a motif taken from the 20 banknote.RUN-PRONE BANKING AND ASSET MARKETS 1by Marie Hoerova 2This paper ... comments and advice from Bruno Biais, David Easley, Huberto Ennis, Miquel Faig, Florian Heider, Todd Keister, B. Ravikumar, Assaf Razin, Karl Shell, Yi Wen, and seminar participants at the European ... %"&&&(&, '*! %, ! ' "!&( %& ! WORKING PAPER SERIES NO 845 / DECEMBER 2007RUN-PRONE BANKINGAND ASSET MARKETSby...