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Replication data for: Shadowy Banks and Financial Contagion during the Great Depression: A Retrospective on Friedman and Schwartz

Version
V0
Resource Type
Dataset
Creator
  • Mitchener, Kris James
  • Richardson, Gary
Publication Date
2013-05-01
Description
  • Abstract

    This essay assesses whether network linkages within the banking system amplified the real effects of bank failures during the Great Contraction. In 1929, nearly all interbank deposits held by Federal Reserve member banks belonged to "shadowy" nonmember banks which were outside the regulatory reach of federal regulators. Regional banking panics in the early 1930s drained these interbank deposits from central reserve city banks. Money-center banks in Chicago and New York responded to volatile and declining interbank deposits by changing their asset composition. They reduced their lending to businesses and individuals, and increased their holdings of cash and government bonds.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.103.3.73 (Text)
Publications
  • Mitchener, Kris James, and Gary Richardson. “Shadowy Banks and Financial Contagion during the Great Depression: A Retrospective on Friedman and Schwartz.” American Economic Review 103, no. 3 (May 2013): 73–78. https://doi.org/10.1257/aer.103.3.73.
    • ID: 10.1257/aer.103.3.73 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Mitchener, Kris James; Richardson, Gary (2013): Replication data for: Shadowy Banks and Financial Contagion during the Great Depression: A Retrospective on Friedman and Schwartz. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112641