Banking Crises: Perspectives from The New Palgrave by Garett Jones

By Garett Jones

Why do banks cave in? Are monetary structures extra fragile in contemporary a long time? Can regulations to mend the banking approach do extra damage than strong? what is the background of banking crises? With dozens of short, non-technical articles via economists and different researchers, Banking Crises deals solutions from various scholarly viewpoints.

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Extra info for Banking Crises: Perspectives from The New Palgrave Dictionary

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2000. Can relationship banking survive competition? Journal of Finance 55, 679–713. Broecker, T. 1990. Credit-worthiness tests and interbank competition. Econometrica 58, 429–52. Dell’Ariccia, G. 2001. Asymmetric information and the structure of the banking industry. European Economic Review 45, 1957–80. , Friedman, E. and Marquez, R. 1999. Adverse selection as a barrier to entry in the banking industry. RAND Journal of Economics 30, 515–34. Diamond, D. 1984. Financial intermediation and delegated monitoring.

Since the publication of A Monetary History of the United States, however, other scholarship (notably, the work of Elmus Wicker, 1996, and Charles Calomiris and Joseph Mason, 1997; 2003a) has led to important qualifications of the Friedman– Schwartz view of bank distress during the 1930s, and particularly of the role of panic in producing distress. Detailed studies of particular regions and banks’ experiences do not confirm the view that panics were a nationwide phenomenon during 1930 or early 1931, or an important contributor to nationwide distress until very late in the Depression (that is, early 1933).

Fundamentals, panics and bank distress during the depression. American Economic Review 93, 1615–47. W. R. 2003b. Consequences of bank distress during the great depression. American Economic Review 93, 937–47. W. and Schweikart, L. 1991. The panic of 1857: origins, transmission, and containment. Journal of Economic History 51, 807–34. W. N. 1994. The origins of federal deposit insurance. In The Regulated Economy: A Historical Approach to Political Economy, ed. C. Goldin and G. Libecap. Chicago: University of Chicago Press.

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Banking Crises: Perspectives from The New Palgrave by Garett Jones
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