REGULATION AND BANK FAILURES - NEW EVIDENCE FROM THE AGRICULTURAL COLLAPSE OF THE 1920S
成果类型：
Article
署名作者：
University of Texas System; University of Texas Austin
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050700011918
发表日期：
1992
页码：
806-825
关键词：
摘要：
This article examines the contribution of government policies to the high number of bank failures in the United States during the 1920s. In the state of Kansas, which had a system of voluntary deposit insurance and where branch banking was strictly prohibited, bank failure rates were highest in counties suffering the greatest agricultural distress and where deposit insurance system membership was highest. The evidence for Kansas illustrates how prohibitions on branch banking caused unit banks to be especially vulnerable to local economic shocks and suggests that deposit insurance caused more bank failures than would have occurred otherwise.