Bank Executive Experience in a Financial Crisis

Christopher Hoag ()
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Christopher Hoag: Department of Economics, Trinity College

No 1902, Working Papers from Trinity College, Department of Economics

Abstract: This paper evaluates whether bank executive experience can influence bank outcomes during financial crises. Some bank presidents in New York City possessed experience as a bank president at the same bank in New York during the previous banking crisis. The evidence from four crises between 1884 and 1907 suggests that individual bank deposit losses at the same institution appear uncorrelated across adjacent crises, so bank performance does not persist across crises. Further, the retention of an experienced bank president does not mitigate deposit losses in a subsequent financial crisis.

Keywords: financial crisis; executive; learning. (search for similar items in EconPapers)
JEL-codes: G21 G32 N21 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2019-07
New Economics Papers: this item is included in nep-cfn and nep-his
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Citations: View citations in EconPapers (1)

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http://www3.trincoll.edu/repec/WorkingPapers2019/WP19-02.pdf Second version, 2020 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:tri:wpaper:1902

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