| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25897 |
| 来源ID | Working Paper 25897 |
| Interbank Connections, Contagion and Bank Distress in the Great Depression | |
| Charles W. Calomiris; Matthew S. Jaremski; David C. Wheelock | |
| 发表日期 | 2019-06-03 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Liquidity shocks transmitted through interbank connections contributed to bank distress during the Great Depression. New data on interbank connections reveal that banks were much more likely to close when their correspondents closed. Further, after the Federal Reserve was established, banks’ management of cash and capital buffers was less responsive to network liquidity risk, suggesting that banks expected the Fed to reduce that risk. Because the Fed’s presence removed the incentives for the most systemically important banks to maintain capital and cash buffers that had protected against liquidity risk, it likely contributed to the banking system’s vulnerability to contagion during the Depression. |
| 主题 | Financial Economics ; Financial Institutions ; Industrial Organization ; Market Structure and Firm Performance ; History ; Financial History |
| URL | https://www.nber.org/papers/w25897 |
| 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/583571 |
| 推荐引用方式 GB/T 7714 | Charles W. Calomiris,Matthew S. Jaremski,David C. Wheelock. Interbank Connections, Contagion and Bank Distress in the Great Depression. 2019. |
| 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 | ||
| w25897.pdf（445KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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