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Were Universal Banks More Vulnerable to Banking Failures? Evidence From the 1931 German Banking Crisis (Adalet M.)

Competition and Market Power Financial Crises Stability&Soundness

Abstract This paper examines the 1931 German banking crisis using a bank-level data set. It specifically focuses on the link between banking structure and financial stability. The universality of banks, a key characteristic of the German banking system, is shown to increase the probability of bank failure after controlling for other bank-level characteristics and macroeconomic variables.
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Libref/ Adalet M. (2009) “Were Universal Banks More Vulnerable to Banking Failures? Evidence From the 1931 German Banking Crisis”, Koc University and Tusiad-Koc University Economic Research Forum, pp. 1-35
© Программирование — Александр Красильников, 2008
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