Bank Lending and Deposit Crunches during the Great Depression
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https://www.nber.org/papers/w32783
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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 withdrew funds en masse during panics. This panic-induced decline
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美国国家经济研究局创建时间：
2024-08-01
