| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11164 |
| DP11164 Network Contagion and Interbank Amplification during the Great Depression | |
| Kris Mitchener; Gary Richardson | |
| 发表日期 | 2016-03-10 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Interbank networks amplified the contraction in lending during the Great Depression. Banking panics induced banks in the hinterland to withdraw interbank deposits from Federal Reserve member banks located in reserve and central reserve cities. These correspondent banks responded by curtailing lending to businesses. Between the peak in the summer of 1929 and the banking holiday in the winter of 1933, interbank amplification reduced aggregate lending in the U.S. economy by an estimated 15 percent. |
| 主题 | Economic History ; Monetary Economics and Fluctuations |
| 关键词 | Bank networks Great depression Banking panics Contagion Interbank market |
| URL | https://cepr.org/publications/dp11164 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539980 |
| 推荐引用方式 GB/T 7714 | Kris Mitchener,Gary Richardson. DP11164 Network Contagion and Interbank Amplification during the Great Depression. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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