Canadian Banking Solvency, 1922-1940
The use of market value accounting to restate the year-end balance sheets for Canadian banks strongly suggests that only one surviving bank was economically solvent during the Depression. Like U.S. S&Ls, the authors' alternative hypothesis argues that Canadian banks continued to operate because of the Canadian government's (forebearance) policy of providing an implicit 100 percent guarantee of bank deposits, standing ready to lend to banks, and encouraging early mergers of troubled and healthier banks. Unlike the stylized fact, the role of national branching was to facilitate this policy by reducing the number of banks and lessening competition. Copyright 1993 by Ohio State University Press.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 25 (1993)
Issue (Month): 3 (August)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879|