| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27912 |
| 来源ID | Working Paper 27912 |
| Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s | |
| Mark Carlson; Matthew S. Jaremski | |
| 发表日期 | 2020-10-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Maintaining sufficient liquidity in the financial system is vital for its stability. However, since returns on liquid assets are typically low, individual financial institutions may seek to hold fewer such assets, especially if they believe they can rely on other institutions for liquidity support. We examine whether state banks in the early 1900s took advantage of relatively high cash balances maintained by national banks, due to reserve requirements, to hold less cash themselves. We find that state banks did hold less cash in places where both state legal requirements were lower and national banks were more prevalent. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Financial Economics ; Corporate Finance ; History ; Financial History ; Other History |
| URL | https://www.nber.org/papers/w27912 |
| 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/585586 |
| 推荐引用方式 GB/T 7714 | Mark Carlson,Matthew S. Jaremski. Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s. 2020. |
| 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 | ||
| w27912.pdf（581KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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