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flight to cash

flight to cash
 n.— «Goodheart argues that modern bank runs have not involved a flight to cash but simply a rush to transfer deposits to institutions viewed as relatively safe: problems at individual banks have not produce a generalized crisis.» —“The IMF as International Lender of Last Resort? A Reappraisal after the ‘Tequila Effect’” by Nicholas Snowden Development Economics and Policy  , 1998. (source: Double-Tongued Dictionary)

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