Were Universal Banks More Vulnerable to Banking Failures? Evidence From the 1931 German Banking Crisis
AbstractThis paper examines the 1931 German banking crisis using a bank-level data set. It specifically focuses on the link between banking structure and financial stability. The universality of banks, a key characteristic of the German banking system, is shown to increase the probability of bank failure after controlling for other bank-level characteristics and macroeconomic variables.
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Bibliographic InfoPaper provided by Koc University-TUSIAD Economic Research Forum in its series Koç University-TUSIAD Economic Research Forum Working Papers with number 0911.
Length: 35 pages
Date of creation: Nov 2009
Date of revision:
Great Depression; Banking Crisis; Universal Banking;
Find related papers by JEL classification:
- N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G01 - Financial Economics - - General - - - Financial Crises
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-27 (All new papers)
- NEP-BAN-2009-11-27 (Banking)
- NEP-HIS-2009-11-27 (Business, Economic & Financial History)
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