Information management in times of crisis

Haelim Anderson and Adam Copeland

Journal of Monetary Economics, 2023, vol. 136, issue C, 35-49

Abstract: How does information management and control affect bank stability? Following a national bank holiday in 1933, NY state bank regulators suspended the publication of balance sheets of state-charter banks for two years, whereas the national-charter bank regulator did not. This divergence in policies is used to examine how the suspension of bank-specific information affected depositors and the portfolio of assets held by banks. State-charter banks benefited, experiencing less deposit outflows than national-charter banks in 1933. Further, the behavior of bank deposits across both types of banks converged in 1934 after the introduction of the Federal Deposit Insurance Corporation.

Keywords: Information management; Bank opacity; Banking crisis; Great depression; Depositor confidence (search for similar items in EconPapers)
JEL-codes: G21 G28 N22 (search for similar items in EconPapers)
Date: 2023
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Working Paper: Information Management in Times of Crisis (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:136:y:2023:i:c:p:35-49

DOI: 10.1016/j.jmoneco.2023.01.008

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