I think it is very interesting how a bank run actually happened in a virtual world. A few quick questions that came to mind when I was reading this article: how exactly is it possible for banks to pay a 200% per annum interest rate when that means the bankers have to find investment opportunities that pay even higher returns? Moreover, with such a high interest rate, why don’t more people deposit their real life money into virtual bank accounts? Are these virtual banks then competing with the real banks?
Read and find out more about how the virtual world can become the new haven for economists: