| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20032 |
| 来源ID | Working Paper 20032 |
| Did Railroads Make Antebellum U.S. Banks More Sound? | |
| Jeremy Atack; Matthew S. Jaremski; Peter L. Rousseau | |
| 发表日期 | 2014-04-10 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We investigate the relationships of bank failures and balance sheet conditions with measures of proximity to different forms of transportation in the United States over the period from 1830-1860. A series of hazard models and bank-level regressions indicate a systematic relationship between proximity to railroads (but not to other means of transportation) and "good" banking outcomes. Although railroads improved economic conditions along their routes, we offer evidence of another channel. Specifically, railroads facilitated better information flows about banks that led to modifications in bank asset composition consistent with reductions in the incidence of moral hazard. |
| 主题 | History ; Financial History ; Other History |
| URL | https://www.nber.org/papers/w20032 |
| 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/577706 |
| 推荐引用方式 GB/T 7714 | Jeremy Atack,Matthew S. Jaremski,Peter L. Rousseau. Did Railroads Make Antebellum U.S. Banks More Sound?. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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