BANK RUNS

MARCH 19, 2023

EXPLAINED
WITH

DISNEY
How to
explain your
kid what a
bank run is.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

Imagine that Mickey

Mouse has a big
piggy bank where all
his Disney friends,
like Minnie Mouse,
Donald Duck, and
Goofy, save their
coins.
Ignacio Ramirez Moreno, CFA
Finance Nerd
MARCH 19, 2023

They trust Mickey to

keep their coins safe
and sound.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

One sunny day,

Goofy hears a little
bird say that
Mickey's piggy bank
might not have
enough coins for
everyone if they all
want to take their
coins out
simultaneously.
Ignacio Ramirez Moreno, CFA
Finance Nerd
MARCH 19, 2023

Goofy gets scared

and runs to Mickey's
house to get his
coins back.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

When Donald sees

Goofy running, he
gets scared too and
follows him.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

Then Minnie sees

both of them
running, and she
gets worried and
joins them.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

Soon, all the Disney

friends are running
to Mickey's house to
get their coins back.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 12, 2023

This is
called a
“bank run”
Ignacio Ramirez Moreno, CFA
Finance Nerd
MARCH 19, 2023

It happens when
everyone gets
scared and wants
their coins from the
piggy bank all at
once.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

If too many friends

ask for their coins at
the same time,
Mickey might not
have enough for
everyone, and that
could make
everyone very sad.
Ignacio Ramirez Moreno, CFA
Finance Nerd
MARCH 19, 2023

To prevent bank runs

and keep everyone
happy, there's a
special group called
the "Disney Bank
Helpers."

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

They watch over

Mickey's piggy bank
and make sure
everything works
smoothly.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

The Disney Bank

Helpers set rules for
Mickey.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

Rules like having

enough extra coins
in a secret treasure
chest, so everyone
can get their coins
when they need
them.
Ignacio Ramirez Moreno, CFA
Finance Nerd
MARCH 19, 2023

If a bank run starts,

the Disney Bank
Helpers step in and
tell everyone, "Don't
worry! Mickey's
piggy bank is safe,
and we're here to
make sure you get
your coins."
Ignacio Ramirez Moreno, CFA
Finance Nerd
MARCH 19, 2023

This helps the

Disney friends feel
safe and trust
Mickey's piggy bank
again.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

Ultimately, this
stops the bank run,
making sure the
financial system
keeps working well
for everyone in the
magical Disney
world.
Ignacio Ramirez Moreno, CFA
Finance Nerd
MARCH 12, 2023

And now the

surprise...
Ignacio Ramirez Moreno, CFA
Finance Nerd
MARCH 19, 2023

100% of this story

was created using
ChatGPT in less than
10 seconds.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

If used properly, AI
could massively
promote financial
literacy globally.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

I can't wait to see

how generative AI
and finance work
together in the
future.

Ignacio Ramirez Moreno, CFA

Finance Nerd
MARCH 19, 2023

Have you seen other

cool uses of AI
within the world of
finance?

If so, comment
below!
Ignacio Ramirez Moreno, CFA
Finance Nerd
9TH MARCH 2023

And that’s it.

I’m Ignacio Ramirez Moreno,

CFA. I talk (a lot) about
financial markets (usually
with an adult audience in mind
).

Follow me, and make sure to

hit the in my profile.

Ignacio Ramirez Moreno, CFA

Finance Nerd