Even after controlling for local economic conditions, differences in state bank supervision and regulation contribute … toward explaining the large variation in state bank suspension rates across U.S. counties during the Great Depression. More … requirements had the opposite effect. States that endowed bank supervisors with the authority to liquidate banks minimized …

how bank supervision and regulation affected banking stability during the Great Depression. In response to well …-organized interest groups and public concern over the bank failures of the 1920s, many U.S. states adopted supervisory and regulatory … liquidate banks quickly experienced higher state bank suspension rates from 1929 to 1933 …

Can a government credibly promise not to bailout firms whose failure would have major negative systemic consequences …? Our analysis of Korea's 1997-99 crisis, suggests an answer: No. Despite a general "no bailout" policy during the crisis …

U.S. banking crisis of the 20th century. Our systemic risk measure captures both the credit risk of an individual bank … as well as a bank's position in the network. We construct linkages between all U.S. commercial banks in 1929 and 1934 so … banking crisis that occurred between 1930–33 raised systemic risk per bank by 33% and increased the riskiness of the very …

) and stigma (the cost of having a bank's name revealed) are desirable to restore confidence. Lending facilities raise the …