The Origins of Banking Panics: Models, Facts, and Bank Regulation
Banking panics are the central event informing and rationalizing government intervention into the banking industry. In the last decade progress has been made in understanding the origins of panics. This essay reviews recent theoretical and empirical work on the origins of banking panics. New evidence on the causes of banking panics is introduced. Banking panics do not appear to have been caused by random withdrawal risks associated with seasonal shocks in the countryside. Instead, adverse economic news, in concert with asymmetric information about the incidence of shocks, and problems of bank asset diversification associated with unit banking seem to have led to banking panics.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (215) 898-7616
Fax: (215) 573-8084
Web page: http://finance.wharton.upenn.edu/~rlwctr/Email:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:pennfi:11-90. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.