Intensified Regulatory Scrutiny and Bank Distress in New York City During the Great Depression
Gary Richardson and
Patrick Van Horn ()
No 14120, NBER Working Papers from National Bureau of Economic Research, Inc
Abstract:
New data reveals that bank distress peaked in New York City, at the center of the United States money market, in July and August 1931, when the banking crisis peaked in Germany and before Britain abandoned the gold standard. This paper tests competing theories about the causes of New York's banking crisis. The cause appears to have been intensified regulatory scrutiny, which was a delayed reaction to the failure of the Bank of United States, rather than the exposure of money-center banks to events overseas.
JEL-codes: E42 G21 N1 N12 (search for similar items in EconPapers)
Date: 2008-06
New Economics Papers: this item is included in nep-ban, nep-his and nep-mac
Note: DAE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)
Published as Richardson, Gary & Van Horn, Patrick, 2009. "Intensified Regulatory Scrutiny and Bank Distress in New York City During the Great Depression," The Journal of Economic History, Cambridge University Press, vol. 69(02), pages 446-465, June.
Downloads: (external link)
http://www.nber.org/papers/w14120.pdf (application/pdf)
Related works:
Journal Article: Intensified Regulatory Scrutiny and Bank Distress in New York City During the Great Depression (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:14120
Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w14120
Access Statistics for this paper
More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().