The great depression of 1929 and the great financial crisis of 2008 have been the two big events of the last 75 years. Not only have they produced serious economic consequences but they also changed our view of economics and policymaking. The aim of this work is to compare these two great crises...

The U.S. banking holiday of March 1933 was a pivotal event in 20th century political and economic history. After closing the nation's banks for nine days, the newly inaugurated Franklin D. Roosevelt administration restarted the banking system as the first step toward national recovery from the...

We identify similarities and differences in the scale and nature of the banking crises in 2008-2009 and the Great Depression, and analyse differences in the policy response to the two crises in light of the prevailing international monetary systems. We find that the scale of the banking crisis,...