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This paper examines the 1931 German banking crisis using a bank-level data set. It specifically focuses on the link between banking structure and financial stability. The universality of banks, a key characteristic of the German banking system, is shown to increase the probability of bank...
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Bankenkrise. Er beschreibt, wie sich 1931 die Liquiditätsprobleme der Großbanken maßgeblich aus den Strukturen des …
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