Bank supervision, regulation, and instability during the great depression

Journal of Economic History

Volumn 65, Issue 1, 2005, Pages 152-185

  Mitchener, Kris James ^a,b  

^a SANTA CLARA UNIVERSITY   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; ECONOMIC HISTORY; GREAT DEPRESSION;

NORTH AMERICA; UNITED STATES; WESTERN HEMISPHERE; WORLD;

EID: 17744390167     PISSN: 00220507     EISSN: None     Source Type: Journal    
DOI: 10.1017/S0022050705050060     Document Type: Article

References (76)

1. American Bankers Association. Survey on State Bank Supervision. Washington, DC: ABA, State Bank Division, 1929.
2. American Bankers Association. Survey on State Bank Supervision. Washington, DC: ABA, State Bank Division, 1934.
3. American Bankers Association. The Bank Chartering History and Policies of the United States. New York: Economic Policy Commission, ABA, 1935.
4. Anari, Ali, Joseph Mason, and James Kolari. "The Speed of Bank Liquidation and the Propagation of the U.S. Great Depression." In Bank Structure and Competition Conference Proceedings. Chicago: Federal Reserve Bank of Chicago, 2000.
5. Barth, James R., Gerard Caprio, and Ross Levine. "The Regulation and Supervision of Banks around the World: A New Database." In Brookings-Wharton Papers on Financial Services, edited by Robert E. Litan and Richard Herring, 183-240. Washington, DC: Brookings Institution Press, 2001.
6. Barth, James R., Gerard Caprio, and Ross Levine. "Bank Regulation and Supervision: What Works Best?" NBER Working Paper 9223, 2002.
7. Benston, George J., and George C. Kaufman. "The Intellectual History of the Federal Deposit Insurance Corporation Improvement Act of 1991." In Reforming Financial Institutions and Markets in the United States: Towards Rebuilding a Safe and More Efficient System, edited by George G. Kaufman, 1-17. Boston: Kluwer Academic Publishers, 1994.
8. Bernanke, Ben S., Mark Gertler, and Simon Gilchrist. "The Flight to Quality and the Financial Accelerator." Review of Economics and Statistics 78, no. 1 (1996): 1-15.
9. Bernanke, Ben, and Harold James. "The Gold Standard, Deflation, and Financial Crises in the Great Depression: An International Comparison." In Financial Markets and Financial Crises, edited by R. Glenn Hubbard, 33-68. Chicago: University of Chicago Press, 1991.
10. Besanko, David, and George Kanatas. "Credit Market Equilibrium with Bank Monitoring and Moral Hazard." Review of Financial Studies 6, no. 1 (1993): 213-32.
11. Blum, Jurg. "Do Capital Adequacy Requirements Reduce Risks in Banking?" Journal of Banking and Finance 23, no. 5 (1999): 755-71.
12. Board of Governors, Federal Reserve System. All-Bank Statistics: United States, 1896-1955. Washington, DC: Federal Reserve System, 1959.
13. Board of Governors, Federal Reserve System. Bulletin. Washington, DC: Federal Reserve System, various years.
14. Boot, Arnoud W., and Stuart Greenbaum. "Bank Regulation, Reputation, and Rents Theory and Policy Implications." In Capital Markets and Financial Intermediation, edited by C. Mayer and Xavier Vives, 262-85. Cambridge: Cambridge University Press, 1993.
15. Calomiris, Charles W., and Joseph R. Mason. "Fundamentals, Banking Distress, and Panics during the Depression." American Economic Review 93, no. 5 (2003): 1615-47.
16. Calomiris, Charles W., and Joseph R. Mason. "Causes of U.S. Banking Distress during the Depression." NBER Working Paper 7919, September 2002.
17. Calomiris, Charles, and Carlos Ramirez. "The Political Economy of Bank Entry Restrictions: Theory and Evidence from the U.S. in the 1920s." Columbia University Working Paper, March 1999.
18. Caprio, Gerard, and Daniela Klingebiel. "Bank Insolvency: Bad Luck, Bad Policy, or Bad Banking?" In Annual World Bank Conference on Development Economics. Washington, DC: World Bank, 1996.
19. Carlson, Mark. "Are Branch Banks Better Survivors? Evidence from the Depression Era." Economic Inquiry 42, no. 1 (2004): 111-26.
20. Chapman, John M., and Ray B. Westerfield. Branch Banking: Its Historical and Theoretical Position in America and Abroad. New York: Harper and Brothers, 1942.
21. Cothren, Richard D., and Roger N. Wand. "On the Optimality of Reserve Requirements." Journal of Money, Credit, and Banking 26, no. 4 (1994): 827-38.
22. Demirguc-Kunt, Asli, and Enrica Detragiache. "Does Deposit Insurance Increase Banking System Stability? An Empirical Investigation." Journal of Monetary Economics 49, no. 7 (2002): 1373-406.
23. Dewatripont, Mathias, and Jean Tirole. The Prudential Regulation of Banks. Cambridge, MA: MIT Press, 1994.
24. Ding, W., I. Domaç, and G. Ferri. "Is There a Credit Crunch in East Asia?" World Bank, PolicyResearch Working Paper, No. 1959, 1998.
25. Djankov, Simeon, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer. "The Regulation of Entry." Quarterly Journal of Economics 117, no. 1 (2002): 1-37.
26. Economides, Nicholas, R. Glenn Hubbard, and Darius Palia. "The Political Economy of Branching Restrictions and Deposit Insurance: A Model of Monopolistic Competition among Small and Large Banks." Journal of Law and Economics 39, no. 2 (1996): 667-704.
27. Federal Deposit Insurance Corporation. "Federal Deposit Insurance Corporation Data on Banks in the United States, 1920-1936." [Computer file]. ICPSR ed. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [producer and distributor], 1960.
28. Ferri, Giovanni, and Tae Soo Kang. "The Credit Channel at Work: Lessons from the Republic of Korea's Financial Crisis." World Bank, PolicyResearch Working Paper, No. 2190, 1999.
29. Folkerts-Landau, David, and Carl-Johan Lindgren. Toward a Framework for Financial Stability. Washington, DC: International Monetary Fund, 1998.
30. Freixas, Xavier, and Rochet, Jean-Charles. Microeconomics of Banking Cambridge: MIT Press, 1997.
31. Friedman, Milton, and Anna J. Schwartz. A Monetary History of the United States, 1867-1960. Princeton, NJ: Princeton University Press, 1963.
32. Fry, Maxwell J. Money, Interest, and Banking in Economic Development Baltimore: Johns Hopkins University Press, 1995.
33. Gambs, Carl M. "Bank Failures: An Historical Perspective." Monthly Review, Federal Reserve Bank of Kansas City 62, June (1977): 10-20.
34. Goldstein, Morris. The Case for an International Banking Standard Washington, DC: Institute for International Economics, 1996.
35. Grossman, Richard S. "The Shoe That Didn't Drop: Explaining Banking Stability During the Great Depression." This Journal 54, no. 3 (1994): 654-82.
36. Grossman, Richard S. "Double Liability and Bank Risk Taking." Journal of Money, Credit, and Banking 33, no. 2 (2001): 143-59.
37. Gruchy, Allan. Supervision and Control of Virginia State Banks. Charlottesville, VA: University of Virginia, 1937.
38. Herring, Richard, and Robert C. Litan. Financial Regulation in the Global Economy Washington, DC: Brookings Institution, 1995.
39. Hunter, William C., James A. Verbrugge, and David A. Whidbee. "Risk Taking and Failure in De Novo Savings and Loans in the 1980s." Journal of Financial Services Research 10, no. 3 (1996): 235-71.
40. Kahane, Yehuda. "Capital Adequacy and the Regulation of Financial Intermediaries." Journal of Banking and Finance 1 (1977): 207-18.
41. Kim, D., and A. M. Santomero. "Risk in Banking and Capital Regulation." Journal of Finance 35, no. 5 (1988): 1219-33.
42. Kliesen, Kevin L., and Gilbert, R. Alton. "Are Some Agricultural Banks Too Agricultural?" Federal Reserve Bank of St. Louis Review 78, no. 1 (1996): 23-35.
43. Laderman, Elizabeth S., Ronald H. Schmidt, and Gary C. Zimmerman. "Location, Branching, and Bank Portfolio Diversification: The Case of Agricultural Lending." Federal Reserve Bank of San Francisco Economic Review (Winter 1991): 24-38.
44. Laffont, Jean-Jacques, and Jean Tirole. "The Politics of Government Decision-Making: A Theory of Regulatory Capture." Quarterly Journal of Economics 106, no. 4 (1991): 1089-127.
45. Lauch, Louis H., and Neil B. Murphy. "A Test of the Impact of Branching on Deposit Variability." Journal of Financial and Quantitative Analysis 5 (September 1970): 323-27.
46. Liang, Nellie, and Stephen A. Rhoades. "Geographic Diversification and Risk in Banking." Journal of Economics and Business 40, no. 4 (1988): 271-84.
47. Martimont, David. "The Life Cycle of Regulatory Agencies: Dynamic Capture and Transaction Costs." Review of Economic Studies 66, no. 4 (1999): 929-47.
48. Mason, Joseph. The Determinants and Effects of Reconstruction Finance Corporation Assistance to Banks During the Great Depression. Ph.D. Dissertation, University of Illinois, 1996.
49. Meyer, Andrew P., and Timothy J. Yeager. "Are Small Rural Banks Vulnerable to Local Economic Downturns?" Federal Reserve Bank of St. Louis Review 83, no. 2 (2001): 25-38.
50. Mishkin, Frederic S. "Prudential Supervision: Why Is It Important and What Are the Issues?" In Prudential Supervision: What Works and What Doesn't, edited by Frederic S. Mishkin, 1-29. Chicago: University of Chicago Press, 2001.
51. Mitchener, Kris James. Supervision, Regulation, and Financial Instability: The Political Economy of Banking during the Great Depression. Ph.D. Dissertation, University of California, Berkeley, 2001.
52. National Industrial Conference Board. The Banking Situation in the United States. New York: NICB, 1932.
53. Neal, Linwood O. The History and Development of State Bank Supervision in Oklahoma. New Brunswick, NJ: Rutgers University, 1942.
54. Neely, Michelle Clark, and David C. Wheelock. "Why Does Bank Performance Vary Across States?" Federal Reserve Bank of St. Louis Review 79, no. 2 (1997): 27-40.
55. Peltzman, Sam. "Toward a More General Theory of Regulation." Journal of Law and Economics 19, no. 2 (1976): 211-40.
56. Polk's Bankers Encyclopedia Co. Polk's Bankers Encyclopedia. Detroit, MI: Polk's Bankers Encyclopedia Co, March 1929.
57. Ramirez, Carlos D. "Did Branch Banking Restrictions Increase Bank Failures? Evidence from Virginia and West Virginia in the Late 1920s." Journal of Economics and Business 55, no. 4 (2003): 331-52.
58. Rand McNally. Rand McNally International Bankers Directory. Chicago: Rand McNally & Co, various years.
59. Stauffer, Robert F. "The Bank Failures of 1930-1931." Journal of Money, Credit, and Banking 13, no. 1 (1981): 109-13.
60. Stigler, George J. "The Theory of Economic Regulation." Bell Journal of Economics 2 (1971): 3-21.
61. Stiroh, Kevin J., and Philip E. Strahan. "Competitive Dynamics of Deregulation: Evidence from U.S. Banking." Journal of Money, Credit, and Banking 35, no. 5 (2003): 801-28.
62. Study Commission for Indiana Financial Institutions. Report. Indianapolis, IN: Seventy-Seventh General Assembly, 1932.
63. Temin, Peter. Did Monetary Forces Cause the Great Depression? New York: W.W. Norton, 1976.
64. Thies, Clifford, and Daniel Gerlowski. "Bank Capital and Bank Failure, 1921-1932: Testing the White Hypothesis." This Journal 53, no. 4 (1993): 908-15.
65. Tippetts, Charles S. State Banks and the Federal Reserve System. New York: D. Van Nostrand Company, 1929.
66. U.S. Department of Commerce, Bureau of Economic Analysis. State Personal Income: 1929-33. Washington, DC: GPO, 1995.
67. U.S. Department of Commerce, Bureau of the Census. Census of the Population. Washington: U.S. Department of Commerce, 1920 and 1930. [Computer file]. ICPSR ed. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [producer and distributor], 1970.
68. Vickers, Raymond B. Panic in Paradise: Florida's Banking Crash of 1926. Tuscaloosa: University of Alabama Press, 1994.
69. Wacht, Richard F. "Branch Banking and Risk." Journal of Financial and Quantitative Anaylsis 3, March (1968): 97-107.
70. Wheelock, David C. "Regulation and Bank Failures: New Evidence from the Agricultural Collapse of the 1920s." This Journal 52, no. 4 (1992): 806-25.
71. Wheelock, David C. "Regulation, Market Structure, and the Bank Failures of the Great Depression." Federal Reserve Bank of St. Louis Review 77, no. 2 (1995): 27-38.
72. White, Eugene N. The Regulation and Reform of the American Banking System, 1900-1929. Princeton, NJ: Princeton University Press, 1983.
73. White, Eugene N. "A Reinterpretation of the Banking Crisis of 1930." This Journal 44, no. 1 (1984): 119-38.
74. Wicker, Elmus. "A Reconsideration of the Causes of the Banking Panic of 1930." This Journal 40, no.3 (1980): 571-83.
75. Wicker, Elmus. The Banking Panics of the Great Depression. Cambridge: Cambridge University Press, 1996.
76. Willit, Virgil. Chain, Group and Branch Banking. New York: H.W. Wilson Company, 1930.