A New History of Banking Panics in the United States, 1825–1929: Construction and Implications

There are two major problems in identifying the output effects of banking panics of the pre–Great Depression era. First, it is not clear when panics occurred because prior panic series differ in their identification of panic episodes. Second, establishing the direction of causality is tricky. This p...

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Bibliographic Details
Published in:	American economic journal. Macroeconomics 2015-07, Vol.7 (3), p.295-330
Main Author:	Jalil, Andrew J.
Format:	Article
Language:	English
Subjects:	1825-1929 Bank failures Banking crises Banking industry Banking panics Business cycles Causality Economic fluctuations Economic history Economic models Economic recessions Economic statistics Economic theory Federal Reserve Bank Great Depression History Macroeconomics Nonmajor students Panic Recessions Regression analysis Studies
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