Were Universal Banks More Vulnerable to Banking Failures? Evidence From the 1931 German Banking Crisis
Muge Adalet
Koç University-TUSIAD Economic Research Forum Working Papers from Koc University-TUSIAD Economic Research Forum
Abstract:
This paper examines the 1931 German banking crisis using a bank-level data set. It specifically focuses on the link between banking structure and financial stability. The universality of banks, a key characteristic of the German banking system, is shown to increase the probability of bank failure after controlling for other bank-level characteristics and macroeconomic variables.
Keywords: Great Depression; Banking Crisis; Universal Banking (search for similar items in EconPapers)
JEL-codes: E44 G01 N24 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2009-11
New Economics Papers: this item is included in nep-ban and nep-his
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:koc:wpaper:0911
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