| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17437 |
| 来源ID | Working Paper 17437 |
| In the Eye of a Storm: Manhattan's Money Center Banks During the International Financial Crisis of 1931 | |
| Gary Richardson; Patrick Van Horn | |
| 发表日期 | 2011-09-15 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | In the summer of 1931, a financial crisis began in Austria, spread to Germany, forced Britain to abandon the gold standard, crossed the Atlantic, and afflicted financial institutions in the United States. This article describes how banks in New York City, the central money market of the United States, reacted to this trans-Atlantic trauma. New York’s money-center banks anticipated the onset of a financial crisis, prepared for it by accumulating substantial reserves, and during the European crisis, continued business as usual. New York’s leading bankers deliberately and collectively decided on the business-as-usual policy in order to minimize the impact of the panic in the United States. New York banks’ behavior changed only after the Federal Reserve raised discount rates to stem gold outflows in the fall of 1931. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Financial Economics ; Financial Institutions ; History ; Macroeconomic History ; Financial History |
| URL | https://www.nber.org/papers/w17437 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575111 |
| 推荐引用方式 GB/T 7714 | Gary Richardson,Patrick Van Horn. In the Eye of a Storm: Manhattan's Money Center Banks During the International Financial Crisis of 1931. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17437.pdf（1004KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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