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The Effect of Financial Structure on Crises: Universal Banking in Interwar Europe (Adalet M.)

Bank Products and Diversification Financial Crises

Abstract This paper examines the link between banking structure and financial fragility across Europe during the 1920s and 1930s using a new database. Monthly and annual data are analyzed to show that countries with universal banking were more likely to experience crises. Furthermore, those countries with universal banking, which have a crisis, are shown to experience a slowdown in their economic growth.
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Libref/ Adalet M. (2009) “The Effect of Financial Structure on Crises: Universal Banking in Interwar Europe”, Tusiad-Koc University Economic Research Forum Working Paper № 0910, pp. 1-28
© Программирование — Александр Красильников, 2008
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