| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25405 |
| 来源ID | Working Paper 25405 |
| Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression | |
| Sanjiv R. Das; Kris James Mitchener; Angela Vossmeyer | |
| 发表日期 | 2018-12-31 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We study how bank regulation interacts with network topology to influence systemic stability. Employing unique hand-collected data on the correspondent network for all U.S. banks on the eve of the Great Depression and a methodology that captures bank credit risk and network position, we explore how the pyramid-shaped network topology was inherently fragile and systemically risky. We measure its contribution to banking distress in the early 1930s, and show that a bank's network position as well as the risk of its network neighbors are strong predictors of bank survivorship. Institutional alternatives, such as branch banking, and alternative topologies appear to deliver networks that are more stable than the network that existed in 1929. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Financial Economics ; Financial Markets ; Financial Institutions ; Industrial Organization ; Market Structure and Firm Performance ; History ; Macroeconomic History ; Financial History |
| URL | https://www.nber.org/papers/w25405 |
| 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/583079 |
| 推荐引用方式 GB/T 7714 | Sanjiv R. Das,Kris James Mitchener,Angela Vossmeyer. Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression. 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 | ||
| w25405.pdf（976KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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