Bank Lending and Deposit Crunches during the Great Depression
收藏ICPSR2025-01-01 更新2026-04-16 收录
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Replication Files for Bank Lending and Deposit Crunches during the Great Depression<br><br>Bank distress was a defining feature of the Great Depression in the United States.Most banks, however, weathered the storm and remained in operation throughout the contraction. We show that surviving banks cut lending when depositors withdrewfunds en masse during panics. This panic-induced decline in lending explains aboutone-third of the reduction in aggregate commercial bank lending between 1929 and1932, more than twice as much as attributed to the failure of banks.
提供机构：
University of California at Irvine
创建时间：
2025-01-01
