The effect of financial structure on crises: universal banking in interwar Europe

This paper examines the link between banking structure and financial fragility across Europe during the 1920s and 1930s using a new database. Monthly and annual data are analyzed to show that countries with universal banking were more likely to experience crises. Furthermore, those countries with universal banking, which have a crisis, are shown to experience a slowdown in their economic growth.

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Year of publication:	2009
Authors:	Adalet, Müge
Publisher:	Istanbul : TÜSİAD-Koç University Economic Research Forum
Subject:	Universalbank \| Bankenkrise \| Konjunktur \| Bankgeschichte \| Europa \| Great Depression \| Banking Crisis \| Real Effects of Crises \| Universal Banking

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Series:	Working Paper ; 0910
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	638341876 [GVK] hdl:10419/45433 [Handle]
Classification:	N24 - Europe: 1913- ; E44 - Financial Markets and the Macroeconomy ; G01 - Financial Crises
Source:	EconStor

Persistent link: https://www.econbiz.de/10010273665