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the early Bank of Amsterdam, debasement, bills of exchange and the emergence of the first central bank / Stephen Quinn and … Richard Sicotte -- Central bank reaction functions during the inter-war gold standard: a view from the periphery / Kirsten …
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This paper studies how structural transformation exacerbates financial crises. Using newly collected data, I document the persistent effect of credit supply shocks on local economies during the Great Depression. Cities with access to an unusually generous branching network were no different from...
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