Bank Failures and Economic Activity: Evidence from the Progressive Era
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During the Progressive Era (1900-29), economic growth was rapid but volatile. Boom and busts witnessed the formation and failure of tens of thousands of firms and thousands of banks. This essay uses new data and methods to identify causal links between failures of banks and bankruptcies of firms.
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美国国家经济研究局创建时间：
2024-04-01
