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Contagion During the Initial Banking Panic of the Great Depression

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NBER2017-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23629
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资源简介:
The initial banking crisis of the Great Depression has been the subject of debate. Some scholars believe a contagious panic spread among financial institutions. Others argue that suspensions surged because fundamentals, such as losses on loans, drove banks out of business. This paper nests those
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2017-07-01
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