User: 🤔I don't get it, why would the ECB ask lenders to monitor social media for bank runs? Wouldn't that increase the risk of a run on the banks themselves?

Nessaiy: Good question. The ECB has expressed concern about the potential impact of pandemic-related disruptions and the risks posed by social media, particularly in countries where online payment systems have become more prominent. Monitoring social media for early signs of bank runs could help financial institutions respond quickly to any threats or potential issues. However, as you pointed out, it's possible that this could also increase the risk of a self-fulfilling prophecy, where rumors on social media lead to widespread panic and withdrawals from banks.