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A toilet paper run is like a bank run. The economic fixes are about the same

Journal Article


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Abstract


  • Panic buying knows no borders.

    Shoppers in Australia, Japan, Hong Kong and the United States have caught toilet paper fever on the back of the COVID-19 coronavirus. Shop shelves are being emptied as quickly as they can be stocked.

    This panic buying is the result of the fear of missing out. It’s a phenomenon of consumer behaviour similar to what happens when there is a run on banks.

    A bank run occurs when depositors of a bank withdraw cash because they believe it might collapse. What we’re seeing now is a toilet-paper run.

Publication Date


  • 2020

Citation


  • Paloyo, A. R. (2020). A toilet paper run is like a bank run. The economic fixes are about the same. The Conversation, 6 March 1-3.

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=2753&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1722

Number Of Pages


  • 2

Start Page


  • 1

End Page


  • 3

Volume


  • 6 March

Place Of Publication


  • Australia

Abstract


  • Panic buying knows no borders.

    Shoppers in Australia, Japan, Hong Kong and the United States have caught toilet paper fever on the back of the COVID-19 coronavirus. Shop shelves are being emptied as quickly as they can be stocked.

    This panic buying is the result of the fear of missing out. It’s a phenomenon of consumer behaviour similar to what happens when there is a run on banks.

    A bank run occurs when depositors of a bank withdraw cash because they believe it might collapse. What we’re seeing now is a toilet-paper run.

Publication Date


  • 2020

Citation


  • Paloyo, A. R. (2020). A toilet paper run is like a bank run. The economic fixes are about the same. The Conversation, 6 March 1-3.

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=2753&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1722

Number Of Pages


  • 2

Start Page


  • 1

End Page


  • 3

Volume


  • 6 March

Place Of Publication


  • Australia