Universal Banking and Bank Failures Between the Wars

D. Verdier

Working Papers from European Institute - Political and Social Sciences

Abstract: Although there is little doubt that banks between the wars were the victims of deflation, deflation alone cannot explain the cross-national distribution of banking crisis. In addition, one must take into consideration cross-country variations in banking structures -- the degree to which banks were specialized. The paper argues that universal banking systems were more dependent on the support of the centralbank for their existence than specialized banking systems were.

Keywords: DEFLATION; BANKS; WAR; BANKING (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Pages: 66 pages
Date: 1997
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:europs:97/11

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