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Financial network structure is an important determinant of systemic risk. This paper examines how the U.S. interbank network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the Great Depression. Banks established connections to...
Persistent link: https://www.econbiz.de/10012479982
to test the interaction between inequality and financial development when the banking system was starting over from …
Persistent link: https://www.econbiz.de/10012455333
Studies have shown a connection between finance and growth, but most do not consider how financial and real factors … database linked to a census of banking. These data indicate that those counties that already had a bank were more likely to see … railroad. The initial banking system thus helped establish the rail system, while the rapid expansion of railroads helped fill …
Persistent link: https://www.econbiz.de/10012458467
" banking outcomes. Although railroads improved economic conditions along their routes, we offer evidence of another channel …
Persistent link: https://www.econbiz.de/10012458632
The passage of the National Banking Acts stabilized the existing financial system and encouraged the entry of 729 banks …
Persistent link: https://www.econbiz.de/10012459873
A nationwide banking panic forced President Franklin Roosevelt to declare a nationwide banking holiday immediately … concerning the conventional wisdom regarding intervening in a banking system amidst a systemic crisis …
Persistent link: https://www.econbiz.de/10014248006
The massive rise in U.S. stockholding during the early twentieth century resulted in the deepening of securities markets, the spread of investment banks, and the expansion of publicly held corporations. This paper makes use of a unique panel database of South Dakota bank stockholders from...
Persistent link: https://www.econbiz.de/10013462689