Intensified Regulatory Scrutiny and Bank Distress in New York City During the Great Depression
成果类型：
Article
署名作者：
University of California System; University of California Irvine; National Bureau of Economic Research; University of Michigan System; University of Michigan
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050709000849
发表日期：
2009
页码：
446-465
关键词：
摘要：
Bank distress peaked in New York City, at the center of the United States money market, in July and August 1931, when the banking crisis peaked in Germany and before Britain abandoned the gold standard. This article tests competing theories about the causes of New York's banking crisis. The cause appears to have been intensified regulatory scrutiny, which was a delayed reaction to the failure of the Bank of United States, rather than the exposure of money center banks to events overseas.