The Effect of Bank Failures on Economic Activity: Evidence from U.S. States in the Early 20th Century

Material TypeArticleLanguageEnglish
TitleThe Effect of Bank Failures on Economic Activity: Evidence from U.S. States in the Early 20th Century Author(S)CARLOS D RAMIREZ (Author)
Abstract  This paper provides evidence documenting the existence of a “bank failure channel”—the magnifying effect of bank failures on economic distress—using state-level quarterly time series from 1900q1 to 1929q4. We estimate a vector autoregression model of bank failures for each stat ...Paginationp433–455
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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