). Because regulations affecting bank entry varied considerably across states and the industrial organization of the U.S. banking …

; ii) the impact of regulation; and iii) how bank closures exacerbated the post-war bust. The boom encouraged new bank … bank portfolios, while higher minimum capital requirements dampened the effects. Banks that responded most aggressively to … the asset boom had a higher probability of closing in the bust, and counties with more bank closures experienced larger …

Liquidity shocks transmitted through interbank connections contributed to bank distress during the Great Depression …

Liquidity shocks transmitted through interbank connections contributed to bank distress during the Great Depression …

Liquidity shocks transmitted through interbank connections contributed to bank distress during the Great Depression …

Liquidity shocks transmitted through interbank connections contributed to bank distress during the Great Depression …