作者：University of Mississippi; Federal Reserve System - USA
摘要：Was clearinghouse membership a key factor mitigating withdrawals from intermediaries during the Panic of 1907? Analyzing balance-sheet information on institutions in New York and Chicago, we find evidence that clearinghouse members had smaller contractions in demand deposits than did nonmembers. New York City trusts, isolated from the clearinghouse, were subject to heightened perceptions of risk, and suffered large-scale withdrawals because they were outside of the clearinghouse and therefore ...
作者：Montana State University System; Montana State University Bozeman
作者：Claremont Colleges; Claremont Graduate University; Claremont McKenna College
摘要：This article examines the. Confederate cotton bonds floated in Europe in March 1863 and traded on the London market. Over a 27 March 1863 to 17 June 1865 sample we isolate two, nonreversed, turning points that follow news of Confederate: defeat, at Gettysburg and Vicksburg in July 1863 and the fall of Atlanta in September 1864. The analysis suggests that the turning points important to Southern interests differ from those identified for the Northern side by Kristen Willard, Timothy Guinnane, a...
作者：University of California System; University of California Davis
