Calomiris, Charles W.; Mason, Joseph R.; Weidenmier, Marc; … - In: Explorations in Economic History 50 (2013) 4, pp. 526-547
We examine the effects of the Reconstruction Finance Corporation's (RFC) loan and preferred stock programs on bank failure rates in Michigan during the period 1932–1934, which includes the important Michigan banking crisis of early 1933 and its aftermath. Using a new database on Michigan...
