... %& ! WORKING PAPER SERIES NO 845 / DECEMBER 2007RUN-PRONE BANKING AND ASSET MARKETSby Marie Hoerova19ECB Working Paper Series No 845December 2007+74 >?C8<0; ... 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 ... the European Bank for Reconstruction and Development, the Bank of Canada, Cornell University, the Cornell/Pennsylvannia State UniversityMacro Workshop, the 2005 Midwest Macro Meetings, the...