This paper provides the first comprehensive econometric analysis of the causes of bank distress during the Depression …. We assemble bank-level data for virtually all Fed member banks, and combine those data with county-level, state … bank failure. We construct a model of bank survival duration using these fundamental determinants of bank failure as …

This paper provides the first comprehensive econometric analysis of the causes of bank distress during the Depression …. We assemble bank-level data for virtually all Fed member banks, and combine those data with county-level, state … bank failure. We construct a model of bank survival duration using these fundamental determinants of bank failure as …

operating in the United States and determined the cause of each bank suspension. This essay analyzes chronological patterns in … of bank distress. Periods of heightened distress were correlated with periods of increased illiquidity. Contagion via … correspondent networks and bank runs propagated the initial banking panics. As the depression deepened and asset values declined …

operating in the United States and determined the cause of each bank suspension. This essay analyzes chronological patterns in … of bank distress. Periods of heightened distress were correlated with periods of increased illiquidity. Contagion via … correspondent networks and bank runs propagated the initial banking panics. As the depression deepened and asset values declined …

, corporation -- Volcano weather -- Alabama fever: "I must go West and plant" -- Bank expansion: "frothy bubbles" -- Bank …