| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25159 |
| 来源ID | Working Paper 25159 |
| Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock | |
| Matthew S. Jaremski; David C. Wheelock | |
| 发表日期 | 2018-10-15 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | How do banks respond to asset booms? This paper examines i) how U.S. banks responded to the World War I farmland boom; ii) the impact of regulation; and iii) how bank closures exacerbated the post-war bust. The boom encouraged new bank formation and balance sheet expansion (especially by new banks). Deposit insurance amplified the impact of rising crop prices on bank portfolios, while higher minimum capital requirements dampened the effects. Banks that responded most aggressively to the asset boom had a higher probability of closing in the bust, and counties with more bank closures experienced larger declines in land prices. |
| 主题 | Macroeconomics ; Monetary Policy ; History ; Financial History |
| URL | https://www.nber.org/papers/w25159 |
| 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/582832 |
| 推荐引用方式 GB/T 7714 | Matthew S. Jaremski,David C. Wheelock. Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock. 2018. |
| 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 | ||
| w25159.pdf（1501KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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