Bank runs still happen. And I will keep it strictly to banks. Abacus being one case, when the DoJ went after it just to punish someone. A lot of banks in Europe during the 2008+ crisis -- which is why "capital controls" were enforced.
People attempted runs on Chinese banks a few months ago at the beginning of the real estate collapse there.
What keeps bank runs from happening is trust.
Trust that the central bank will print as much money as necessary to ensure people have them.
Trust that the government will deploy people with guns to protect or stop people from doing a bank run.
Trust that regulation works: even if it doesn't and causes systemic issues that lead to issues years later like the 2008 crisis.
It is good that we "believe" bank runs don't or are not going to happen and that is the whole idea.
People attempted runs on Chinese banks a few months ago at the beginning of the real estate collapse there.
What keeps bank runs from happening is trust. Trust that the central bank will print as much money as necessary to ensure people have them. Trust that the government will deploy people with guns to protect or stop people from doing a bank run. Trust that regulation works: even if it doesn't and causes systemic issues that lead to issues years later like the 2008 crisis.
It is good that we "believe" bank runs don't or are not going to happen and that is the whole idea.