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In the summer of 1931, a financial crisis began in Austria, spread to Germany, forced Britain to abandon the gold standard, crossed the Atlantic, and afflicted financial institutions in the United States. This article describes how banks in New York City, the central money market of the United...
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This paper examines the link between banking structure and financial fragility across Europe during the 1920s and 1930s …
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We discuss the development of ‘modern’ banking in Ottoman lands during the nineteenth century. We present some evidence showing considerable local financial sophistication prior to European entry in 1856. Drawing on the ‘constitutional commitment’ literature we argue its success was...
Persistent link: https://www.econbiz.de/10013322624
tells a consistent tale. Banks in New York anticipated events in Europe, prepared for them by accumulating substantial …
Persistent link: https://www.econbiz.de/10012987350
In the summer of 1931, a financial crisis began in Austria, spread to Germany, forced Britain to abandon the gold standard, crossed the Atlantic, and afflicted financial institutions in the United States. This article describes how banks in New York City, the central money market of the United...
Persistent link: https://www.econbiz.de/10012461221