The Great Depression is infamous for banking panics, which were a symptomatic of a phenomenon that scholars have … these events and how banks that remained in operation after panics responded. We show that between 1929-32 banking panics … reduced lending by 13%, relative to its 1929 value, and the money multiplier and money supply by 36%. The banking panics, in …

economy with a banking sector where financial constraints of banks can lead to disastrous banking panics. We find that a … both the probability of banking panics and aggregate uncertainty. …

The Great Depression is infamous for banking panics, which were a symptomatic of a phenomenon that scholars have … these events and how banks that remained in operation after panics responded. We show that between 1929-32 banking panics … reduced lending by 13%, relative to its 1929 value, and the money multiplier and money supply by 36%. The banking panics, in …

economy with a banking sector where financial constraints of banks can lead to disastrous banking panics. We find that a … both the probability of banking panics and aggregate uncertainty. …