"To Establish a More Effective Supervision of Banking": How the Birth of the Fed Altered Bank Supervision
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Although bank supervision under the National Banking System exercised a light hand and panics were frequent, depositor losses were minimal. Double liability induced shareholders to carefully monitor bank managers and voluntarily liquidate banks early if they appeared to be in trouble. Inducing more
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美国国家经济研究局创建时间：
2011-02-01
