FINANCING BANKING CRISES - LESSONS FROM THE PANIC OF 1907
成果类型：
Article
署名作者：
DONALDSON, RG
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/0304-3932(93)90017-A
发表日期：
1993
页码：
69-95
关键词：
摘要：
A model of strategic asset pricing is used to investigate the increase in interest rates and the formation of cash syndicates that can occur during privately financed banking crises. Results produced help to explain the Federal Reserve System's creation following the panic of 1907 and to clarify the Fed's role in financing contemporary banking crises.
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