The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897
Bibliographic Data
| ID | 5753345 |
|---|---|
| Authors | Peter L Rousseau (National Bureau of Economic Research, corresponding author) |
| Year | 2011 |
| Volume | 71 |
| Issue | 4 |
| Pages | 976-1005 |
| Publication date | 2011-12-01 |
| 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/s002205071100221x |
| OpenAlex | W2890775115 |
| Language | EN |
| Citations received | 1 |
| References cited | 13 |
The rapid growth of deposits in New York over the late nineteenth century is often attributed to the release of pent-up demand for transactions services. I advance a complementary explanation that emphasizes the market for bank shares. The stock market was important because it generated quotations that signaled depositors about the condition of individual banks as innovations in banking practices allowed confidence to grow. A new database of prices, dividends, and balance sheet items for traded banks and a series of dynamic panel models show that fluctuations in bank prices influenced the course of the expansion
Balance sheet · Business · Dividend · Economics · Financial system · Monetary economics · Point (geometry) · Soundness · Stock (firearms) · Stock market · Finance · Historical Economic and Social Studies · Housing Market and Economics
Estimating dynamic panel data models
Estimating Vector Autoregressions with Panel Data
Biases in Dynamic Models with Fixed Effects
Some Tests of Specification for Panel Data
Federal Policy, Banking Market Structure, and Capital Mobilization in the United States, 1863–1913
Share liquidity, participation, and growth of the Boston market for industrial equities, 1854–1897
Emerging financial markets and early US growth
The Development of Corporate Financial Markets in Britain and the United States, 1600–1914
The Investment Market, 1870-1914
Stock Exchange Clearing Houses
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |