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)
Further reading
It was a dark and stormy night. So begins the long and increasingly convoluted prose of Edwards Bulwer-Lytton’s best-known novel. Today the annual Bulwer-Lytton Contest asks contestants for fanciful first sentences that are similarly...
Enthusiastic book recommendations! Martha’s savoring the biography of Alexander von Humboldt, the 19th-century explorer, polymath, and naturalist who revolutionized our understanding of nature and predicted the effects of human activity on...