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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w22074 |
来源ID | Working Paper 22074 |
Network Contagion and Interbank Amplification during the Great Depression | |
Kris James Mitchener; Gary Richardson | |
发表日期 | 2016-03-14 |
出版年 | 2016 |
语种 | 英语 |
摘要 | Interbank networks amplified the contraction in lending during the Great Depression. Banking panics induced banks in the hinterland to withdraw interbank deposits from Federal Reserve member banks located in reserve and central reserve cities. These correspondent banks responded by curtailing lending to businesses. Between the peak in the summer of 1929 and the banking holiday in the winter of 1933, interbank amplification reduced aggregate lending in the U.S. economy by an estimated 15 percent. |
主题 | Macroeconomics ; Money and Interest Rates ; Financial Economics ; Financial Institutions ; Industrial Organization ; Market Structure and Firm Performance ; History ; Financial History |
URL | https://www.nber.org/papers/w22074 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579747 |
推荐引用方式 GB/T 7714 | Kris James Mitchener,Gary Richardson. Network Contagion and Interbank Amplification during the Great Depression. 2016. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w22074.pdf(735KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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