Mitchener, Kris James; Richardson, Gary - In: Explorations in Economic History 50 (2013) 4, pp. 508-525
This essay examines how the Banking Acts of the 1933 and 1935 and related New Deal legislation influenced risk taking in the financial sector of the U.S. economy. The analysis focuses on contingent liability of bank owners for losses incurred by their firms and how the elimination of this...