Who Panics During Panics? Evidence from a Nineteenth Century Savings Bank
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Using records of the bank accounts of individual depositors, this paper provides a detailed microeconomic analysis of two nineteenth century banking panics. The panics of 1854 and 1857 were not characterized by an immediate mass panic of depositors and had important time dimensions. We examine
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美国国家经济研究局创建时间：
2002-03-01
