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Connected Lending of Last Resort
Mitchener, Kris; Monnet, Eric - National Bureau of Economic Research - 2023
Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand-collected historical daily dataset on loans to commercial banks, we analyze how personal connections matter for lending of last resort, highlighting the importance of governance for...
Persistent link: https://www.econbiz.de/10013537763
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Connected lending of last resort
Mitchener, Kris; Monnet, Eric - 2023
Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand-collected historical daily dataset on loans to commercial banks, we analyze how personal connections matter for lending of last resort, highlighting the importance of governance for...
Persistent link: https://www.econbiz.de/10013494187
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Politicians, bankers and the Great Depression : the Spanish banking crisis of 1931
Jorge-Sotelo, Enrique - 2022
This paper contributes to the literature on moral hazard, lending of last resort and the political origins of banking crises. Drawing on newly accessed quantitative and qualitative archival sources the paper documents how a bank-Banco de Cataluña-formed a coalition with the Dictatorship of...
Persistent link: https://www.econbiz.de/10013382074
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(Un)sustainability in a monetary union : main factors in the Escudo Zone Monetary Union (1963-71)
Mata, Maria Eugénia; Salvador Roldão, Mário João - In: Essays in economic & business history : the journal of … 40 (2022), pp. 233-264
An extensive literature praises economic integration and monetary unions as powerful means for economic convergence between, and the growth of, nations. Several potential factors have been flagged for successful economic convergence, such as labor availability and mobility and the role of...
Persistent link: https://www.econbiz.de/10014336377
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Flight-to-safety and the Credit Crunch : a new history of the banking crisis in France during the Great Depression
Baubeau, Patrice; Monnet, Eric; Riva, Angelo; Ungaro, … - 2018
Persistent link: https://www.econbiz.de/10012037735
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Portugal's banking and financial crises : unexpected consequences of monetary integration?
Cardao-Pito, Tiago; Baptista, Diogo - In: Journal of economic policy reform 20 (2017) 2, pp. 165-191
Persistent link: https://www.econbiz.de/10011687532
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Portugal's Banking and Financial Crises : Unexpected Consequences of Monetary Integration?
Cardão-Pito, Tiago - 2016
Portugal's current financial crisis might be related to a banking crisis resulting from joining the Euro. The new … if all of these risks had disappeared. They began pumping money in Portugal, by borrowing intensively in Euros abroad at … and sovereign debt dramatically increased, which further soared when the Government rescued banks. Portugal was then …
Persistent link: https://www.econbiz.de/10012994260
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Bagehot for "followers": how did the Bank of Portugal manage the first post World War I crisis?
Reis, Jaime - In: Economic globalization and governance : essays in honor …, (pp. 13-34). 2021
paper considers the employment of the LLR function in Portugal during the early post World War I years. It is based on … primary material in the Bank of Portugal's archive. Using a detailed account of the first banking crisis of the early 1920s …, this study shows that the Bank of Portugal did not conform to Bagehot’s archetype and explains why the departure from this …
Persistent link: https://www.econbiz.de/10012310766
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Monetary trends and business cycles in Denmark 1875-2005: New evidence using the framework of financial accounts for organising historical financial statistics
Abildgren, Kim - 2006
The paper constructs financial-account stock data for Denmark 1875-2005 on an annual frequency and explores the historical monetary and financial trends and cycles on the basis of the new data set. The annual financial-account data constructed in the paper are based on a comprehensive range of...
Persistent link: https://www.econbiz.de/10010321212
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Monetary and Financial Thinking in Europe: Evidence from Four Decades of SUERF
Abraham, Jean-Paul - 2003
2003 marks the 40th anniversary of the founding of SUERF. To mark this milestone, some time ago the Council of Management commissioned Professor Jean-Paul Abraham to write a commemorative report. His mandate was not to write a history of SUERF itself (that would be too self-indulgent) but to...
Persistent link: https://www.econbiz.de/10011689909