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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
We examine how financial crises redistribute risk, employing novel empirical methods and micro data from the largest financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level, we build an econometric model with incidental...
Persistent link: https://www.econbiz.de/10014337771