Colvin, Christopher L.; de Jong, Abe; Fliers, Philip T. - In: Explorations in Economic History 55 (2015) C, pp. 97-121
Why do some banks fail in financial crises while others survive? This article answers this question by analysing the effect of the Dutch financial crisis of the 1920s on 142 banks, of which 33 failed. We find that choices of balance sheet composition and product market strategy made in the...