Intensified Regulatory Scrutiny and Bank Distress in New York City During the Great Depression
Bibliographic Data
| ID | 5159488 |
|---|---|
| Authors | Geoffrey Richardson (0000-0002-8362-6388, National Bureau of Economic Research), Gary Richardson (0000-0003-2122-8285), Patrick Van Horn (0000-0002-5469-551X, University of Michigan–Dearborn) |
| Year | 2009 |
| Volume | 69 |
| Issue | 2 |
| Pages | 446-465 |
| Publication date | 2009-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050709000849 |
| OpenAlex | W2028550548 |
| Language | EN |
| Citations received | 7 |
| References cited | 5 |
Bank distress peaked in New York City, at the center of the United States money market, in July and August 1931, when the banking crisis peaked in Germany and before Britain abandoned the gold standard. This article tests competing theories about the causes of New York's banking crisis. The cause appears to have been intensified regulatory scrutiny, which was a delayed reaction to the failure of the Bank of United States, rather than the exposure of money center banks to events overseas
Business · Depression (economics) · Distress · Economics · Financial distress · Financial system · Great Depression · Keynesian economics · Political science · Scrutiny · Banking stability, regulation, efficiency · Clinical Psychology · Housing Market and Economics · Law · Medicine
Money, Banking, and Old-School Historical Economics
Trust Company Failures and Institutional Change in New York, 1875–1925
London Merchant Banks, the Central European Panic, and the Sterling Crisis of 1931
How the German crisis of 1931 swept across Europe
In the eye of a Storm
Financial crisis, contagion, and the British banking system between the world wars
International banking and transmission of the 1931 financial crisis
| Unique citing works | 7 |
|---|---|
| Citations per year | 0,47 |
| Citation span | 2011 - 2020 (10) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 6 |