A historical overview of financial crises in the United States
AbstractOne of the few constants since the United States declared its independence is the presence of frequent financial crises with similar causes. In the nineteenth century, these panics were frequent with eight occurring over the century. However, following the Second World War there was a period of relative calm, which may have led to complacency. The Savings and Loans and the current financial crises have shown that these events remain a very real threat to economic stability.
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Bibliographic InfoArticle provided by Elsevier in its journal Global Finance Journal.
Volume (Year): 22 (2011)
Issue (Month): 3 ()
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Web page: http://www.elsevier.com/locate/inca/620162
Financial crises; Economic booms and busts; Housing prices; Bank panics and bank runs; Bank runs; Panics of 1857; 1873; and 1893; Banking regulations;
Find related papers by JEL classification:
- B0 - Schools of Economic Thought and Methodology - - General
- E0 - Macroeconomics and Monetary Economics - - General
- F0 - International Economics - - General
- G0 - Financial Economics - - General
- H0 - Public Economics - - General
- N0 - Economic History - - General
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