Network Contagion and Interbank Amplification during the Great Depression
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https://www.nber.org/papers/w22074
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Interbank networks amplified the contraction in lending during the Great Depression. Banking panics induced banks in the hinterland to withdraw interbank deposits from Federal Reserve member banks located in reserve and central reserve cities. These correspondent banks responded by curtailing
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美国国家经济研究局创建时间：
2016-03-01
