메뉴 건너뛰기




Volumn 22, Issue , 2004, Pages 183-237

THE GREAT DEPRESSION AS A CREDIT BOOM GONE WRONG

Author keywords

[No Author keywords available]

Indexed keywords


EID: 30444431568     PISSN: 03633268     EISSN: None     Source Type: Book Series    
DOI: 10.1016/S0363-3268(04)22004-3     Document Type: Review
Times cited : (63)

References (88)
  • 1
    • 85120192321 scopus 로고    scopus 로고
    • Aukrust, O., & Bjerke, J. (1959). Real capital and Economic growth in Norway 1900–1956.
  • 2
    • 85120207226 scopus 로고    scopus 로고
    • Balboa, M., & Fracchia, A. (1959). Fixed reproducible capital in Argentina, 1935–1955. In: R. Goldsmith & C. Saunders (Eds), The Measurement of National Wealth , Series 8. London: Bowes & Bowes.
  • 3
    • 85120228018 scopus 로고    scopus 로고
    • Bernanke, B. (2000). Essays on the great depression . Princeton: Princeton University Press.
  • 5
    • 85120188315 scopus 로고    scopus 로고
    • Bernanke, B., & James, H. (1991). The gold standard, deflation and financial crises in the Great Depression: An international comparison. In: R. G. Hubbard (Ed.), Financial Markets and Financial Crises (pp. 33–68). Chicago: University of Chicago Press.
  • 6
    • 85120202226 scopus 로고    scopus 로고
    • Bloomfield, A. (1959). Monetary policy under the gold standard . New York: Federal Reserve Bank of New York.
  • 8
    • 85120217145 scopus 로고    scopus 로고
    • Bordo, M., & Jonung, L. (1987). The long run behavior of the velocity of circulation: The international evidence . New York: Cambridge University Press.
  • 9
    • 85120193494 scopus 로고    scopus 로고
    • Borio, C., Furfine, C., & Lowe, P. (2001). Procyclicality of the financial system and financial stability: Issues and policy options. BIS Papers , 1 , Basel: BIS.
  • 10
    • 85120218871 scopus 로고    scopus 로고
    • Borio, C., & Lowe, P. (2002). Asset prices, financial and monetary stability: Exploring the Nexus. BIS Working Paper , 114 (July).
  • 11
    • 14644416257 scopus 로고
    • The demand for consumer durables in the United Kingdom in the interwar period
    • S. Bowden P. Turner The demand for consumer durables in the United Kingdom in the interwar period Journal of Economic History 53 1993 244 258
    • (1993) Journal of Economic History , vol.53 , pp. 244-258
    • Bowden, S.1    Turner, P.2
  • 13
    • 85120225897 scopus 로고    scopus 로고
    • Cairncross, A. (1953). Home and foreign investment . Cambridge: Cambridge University Press.
  • 14
    • 0000766544 scopus 로고
    • Prices during the great depression: Was the deflation of 1930–1932 really unanticipated?
    • S. Cecchetti Prices during the great depression: Was the deflation of 1930–1932 really unanticipated? American Economic Review 82 1992 141 156
    • (1992) American Economic Review , vol.82 , pp. 141-156
    • Cecchetti, S.1
  • 15
    • 85120230413 scopus 로고    scopus 로고
    • Cecchetti, S., Genberg, H., Lipsky, J., & Wadhwani, S. (2000). Asset prices and central bank policy. In: Geneva Reports on the World Economy (Vol. 2). London: CEPR.
  • 16
    • 85120233469 scopus 로고    scopus 로고
    • Clarke, S. V. O. (1967). Central bank cooperation 1923–1931 . New York: Federal Reserve Bank of New York.
  • 17
    • 85120198300 scopus 로고    scopus 로고
    • Cole, H. L., Ohanian, L. E., & Leung, R. (2002). Deflation, real wages, and the International great depression: A productivity puzzle. Unpublished manuscript, Federal Reserve Bank of Minneapolis.
  • 18
    • 85120203644 scopus 로고    scopus 로고
    • Crick, W. F. (1929). The economics of installment trading and hire-purchase . London: Pitman and Sons.
  • 20
    • 85120203191 scopus 로고    scopus 로고
    • Economist (2002). The unfinished recession: A survey of the world economy . 28 September (Suppl.).
  • 21
    • 85120235070 scopus 로고    scopus 로고
    • Eichengreen, B. (1992). Golden fetters: The gold standard and the Great Depression, 1919–1939 . New York: Oxford University Press.
  • 22
    • 85120195119 scopus 로고    scopus 로고
    • Eichengreen, B., & Wyplosz, C. (1988). The economic consequences of the Franc poincaré. In: E. Helpman et al. (Eds), Economic Effects of Government Expenditure . Cambridge, MA: MIT Press.
  • 23
    • 84974029234 scopus 로고
    • Uncontrolled land development and the duration of the depression in the United States
    • A.J. Field Uncontrolled land development and the duration of the depression in the United States Journal of Economic History 52 1992 785 805
    • (1992) Journal of Economic History , vol.52 , pp. 785-805
    • Field, A.J.1
  • 24
    • 85120198712 scopus 로고    scopus 로고
    • Field, A. J. (2003). The most technologically progressive decade of the century. American Economic Review (forthcoming).
  • 26
    • 85120238937 scopus 로고    scopus 로고
    • Ford, A. (1962). The gold standard: Britain and Argentina . Oxford: Clarendon Press.
  • 27
    • 85120215349 scopus 로고    scopus 로고
    • Fratianni, M., & Spinelli, F. (1997). A monetary history of Italy . Cambridge: Cambridge University Press.
  • 28
    • 85120191051 scopus 로고    scopus 로고
    • Galbraith, J. K. (1972). The Great Crash . Boston: Houghton-Mifflin.
  • 29
    • 85120223164 scopus 로고    scopus 로고
    • George, H. (1879). Progress and poverty . Reprint. New York: Robert Schalkenbach Foundation.
  • 30
    • 85120206693 scopus 로고    scopus 로고
    • Goldsmith, R. (1985). Comparative national balance sheets: A study of twenty countries, 1688–1978 . Chicago: University of Chicago Press.
  • 31
    • 85120233210 scopus 로고    scopus 로고
    • Goldstein, M. (1998). The Asian financial crisis . Washington, DC: Institute for International Economics.
  • 32
    • 85120193782 scopus 로고    scopus 로고
    • Goodhart, C. (2000). Asset prices and the conduct of monetary policy . Unpublished manuscript, LSE.
  • 33
    • 85120199418 scopus 로고    scopus 로고
    • Green, A. G., & Sparks, G. R. (1988). A macro interpretation of recovery: Australia and Canada. In: R. G. Gregory & N. G Butlin (Eds), Recovery from the Depression: Australia and the World Economy in the 1930s (pp. 89–112). Cambridge: Cambridge University Press.
  • 34
    • 84972474622 scopus 로고
    • The shoe that didn’t drop: Explaining banking stability during the great depression
    • R. Grossman The shoe that didn’t drop: Explaining banking stability during the great depression Journal of Economic History 54 1994 654 682
    • (1994) Journal of Economic History , vol.54 , pp. 654-682
    • Grossman, R.1
  • 35
    • 0003683829 scopus 로고
    • Was the deflation of the great depression anticipated? Evidence from the commodity futures market
    • J.D. Hamilton Was the deflation of the great depression anticipated? Evidence from the commodity futures market American Economic Review 82 1992 157 178
    • (1992) American Economic Review , vol.82 , pp. 157-178
    • Hamilton, J.D.1
  • 36
    • 85120219455 scopus 로고    scopus 로고
    • von Hayek, F. A. (1925). Die wahrungspolitik der vereingten staaten seit der uberwindung der krise um 1920. Zeitschrift fur Volkswirtschaft und Sozialpolitik , 5 , 25–65, 254–317.
  • 37
    • 85120190133 scopus 로고    scopus 로고
    • von Hayek, F. A. (1932). Reflections on the ‘Pure Theory of Money.’ In: J. M. Keynes, Part II, Economica , 12 , 22–44.
  • 38
    • 85120193327 scopus 로고    scopus 로고
    • Hoyt, J. (1933). One hundred years of land values in Chicago . Chicago: University of Chicago Press.
  • 39
    • 85120198552 scopus 로고    scopus 로고
    • Istituto Centrale di Statistica (1986). Sommario di Statistiche Storiche 1926–1985 . Rome: ISTAT.
  • 40
    • 85120227652 scopus 로고    scopus 로고
    • Johansen, H. C. (1987). The Danish economy in the twentieth century . London: Croom Helm.
  • 41
    • 85120213237 scopus 로고    scopus 로고
    • Johnson, H. C. (1998). Gold, France and the great depression, 1919–1932 . New Haven: Yale University Press.
  • 42
    • 85120200951 scopus 로고    scopus 로고
    • Kent, C., & D’Arcy, P. (2002). Cyclical prudence: Credit cycles in Australia . Unpublished manuscript, Reserve Bank of Australia.
  • 43
    • 85120188593 scopus 로고    scopus 로고
    • Keynes, J. M. (1930). A treatise on money . London: Macmillan.
  • 44
    • 85120193381 scopus 로고    scopus 로고
    • Kindleberger, C. P. (1973). The world in depression, 1929–1939 . Berkeley: University of California Press.
  • 45
    • 85120201579 scopus 로고    scopus 로고
    • Kindleberger, C. P. (1978). Manias, panics and crashes . New York: Basic Books.
  • 46
    • 85120197770 scopus 로고    scopus 로고
    • Kuznets, S. (1946). National income since 1869 . New York: National Bureau of Economic Research.
  • 47
    • 85120215293 scopus 로고    scopus 로고
    • Laidler, D. (1999). Fabricating the Keynesian revolution . Cambridge: Cambridge University Press.
  • 48
    • 85120216730 scopus 로고    scopus 로고
    • League of Nations. (1930). Interim report of the gold delegation . Geneva: League of Nations.
  • 49
    • 85120233097 scopus 로고    scopus 로고
    • League of Nations. (1936). World Economic Survey 1934–1935 . Geneva: League of Nations.
  • 50
    • 85120204035 scopus 로고    scopus 로고
    • League of Nations. (1939). Urban and Rural Housing . Geneva: League of Nations.
  • 51
    • 85120224282 scopus 로고    scopus 로고
    • Lewis, W. A. (1949). Economic survey 1919–1939 . London: Allen & Unwin.
  • 52
    • 85120211829 scopus 로고    scopus 로고
    • Maddock, R., & McLean, I. W. (Eds) (1987). The Australian economy in the long run . Cambridge: Cambridge University Press.
  • 54
    • 85120230669 scopus 로고    scopus 로고
    • McNeill, W. (1986). American money and the Weimar Republic . New York: Columbia University Press.
  • 55
    • 85120200090 scopus 로고    scopus 로고
    • Meltzer, A. N. (2003). A history of the federal reserve, Vol. 1: 1913–1951 . Chicago: University of Chicago Press.
  • 56
    • 33750426182 scopus 로고
    • Financial institutions under pressure: Are the right lessons being learnt from the 1890s?
    • D.T. Merritt Financial institutions under pressure: Are the right lessons being learnt from the 1890s? Economic Papers 10 1991 1 10
    • (1991) Economic Papers , vol.10 , pp. 1-10
    • Merritt, D.T.1
  • 57
    • 85120219817 scopus 로고    scopus 로고
    • Minsky, H. (1986). Stabilizing an unstable economy . New Haven: Yale University Press.
  • 58
    • 85120212699 scopus 로고    scopus 로고
    • von Mises, L. (1924). Theorie des geldes und der umlaufsmittel , (2nd ed.) Munich. Translated and reprinted as: The theory of money and credit . (1953). New Haven: Yale University Press.
  • 59
    • 0001464773 scopus 로고
    • The household balance sheet and the Great Depression
    • F. Mishkin The household balance sheet and the Great Depression Journal of Economic History 38 1978 918 937
    • (1978) Journal of Economic History , vol.38 , pp. 918-937
    • Mishkin, F.1
  • 60
    • 85120195399 scopus 로고    scopus 로고
    • Mitchell, B. R. (1988). British historical statistics . Cambridge: Cambridge University Press.
  • 61
    • 85120208882 scopus 로고    scopus 로고
    • Bank supervision, regulation and financial instability during the great depression
    • K. Mitchener Bank supervision, regulation and financial instability during the great depression Journal of Economic History 63 2003 525 531
    • (2003) Journal of Economic History , vol.63 , pp. 525-531
    • Mitchener, K.1
  • 62
    • 85120222786 scopus 로고    scopus 로고
    • National Accounts of the Netherlands (2004), CBS Infoservice datafile.
  • 63
    • 85120233038 scopus 로고    scopus 로고
    • Neufeld, E. P. (1972). The financial system of Canada . Toronto: Macmillan.
  • 64
    • 85120236338 scopus 로고    scopus 로고
    • Noyes, A. D. (1938). The market place . Boston: Little, Brown.
  • 65
    • 85120222702 scopus 로고    scopus 로고
    • Nurkse, R. (1944). International currency experience . Geneva: League of Nations.
  • 66
    • 85120231365 scopus 로고    scopus 로고
    • Olney, M. (1990). Buy now, pay later: Advertizing, credit and consumer durables in the 1920s . Chapel Hill: University of North Carolina Press.
  • 67
    • 85120193731 scopus 로고    scopus 로고
    • Patat, J.-P., & Lutfalla, M. (1990). A monetary history of France in the twentieth century . New York: St. Martin’s Press.
  • 68
    • 85120226582 scopus 로고    scopus 로고
    • Perez, C. (2002). Technological revolutions and financial capital . Cheltenham: Edward Elgar.
  • 69
    • 84974313034 scopus 로고
    • “Was there a bubble in the 1929 stock market?
    • P. Rappaport E. White “Was there a bubble in the 1929 stock market? Journal of Economic History 53 1993 549 574
    • (1993) Journal of Economic History , vol.53 , pp. 549-574
    • Rappaport, P.1    White, E.2
  • 70
    • 85120202437 scopus 로고    scopus 로고
    • Robbins, L. (1934). The Great Depression . New York: Macmillan.
  • 71
    • 85120219102 scopus 로고    scopus 로고
    • Rockoff, H. (1984). Some evidence on the real price of gold, its costs of production, and commodity prices. In: M. D. Bordo & A. J. Schwartz (Eds), A Retrospective on the Classical Gold Standard, 1821–1931 (pp. 613–650). Cambridge: Cambridge University Press.
  • 72
    • 85120218264 scopus 로고    scopus 로고
    • Rothbard, M. N. (1975). America’s greatest depression . Kansas City: Sheed and Ward (3rd ed.).
  • 73
    • 85120233019 scopus 로고    scopus 로고
    • Santoni, G., & Dwyer, G. (1990). Bubbles or fundamentals: Evidence from the great bull markets. In: E. White (Ed.), Crashes and panics: The lessons from history (pp. 188–210). New York: Irwin.
  • 74
    • 85120208738 scopus 로고    scopus 로고
    • Schedvin, C. B. (1970). Australia and the great depression . Sydney: Cambridge University Press.
  • 75
    • 85120228153 scopus 로고    scopus 로고
    • Schumpeter, J. (1939). Business cycles . Philadelphia: Porcupine Press.
  • 76
    • 85120229633 scopus 로고    scopus 로고
    • Scott, P. (2003). The twilight world of interwar British hire purchase. Past and Present (forthcoming).
  • 77
    • 79960605503 scopus 로고
    • Margin purchases, brokers’ loans, and the bull market of the twenties
    • G. Smiley R.H. Keehn Margin purchases, brokers’ loans, and the bull market of the twenties Business and Economic History 17 1988 129 142
    • (1988) Business and Economic History , vol.17 , pp. 129-142
    • Smiley, G.1    Keehn, R.H.2
  • 78
    • 85120188861 scopus 로고    scopus 로고
    • Temin, P. (1976). Did monetary forces cause the great depression? New York: Norton.
  • 79
    • 85120225723 scopus 로고    scopus 로고
    • Toniolo, G. (1980). L’economia dell’Italia fascista . Bari: Laterza.
  • 80
    • 85120184379 scopus 로고    scopus 로고
    • Tornell, A., & Westermann, F. (2002, December). The credit channel in middle income countries. NBER Working Paper No. 9355.
  • 81
    • 85120218319 scopus 로고    scopus 로고
    • Urquhart, M. C., & Buckley, K. A. H. (1965). Historical statistics of Canada . Toronto: Macmillan.
  • 84
    • 85120208990 scopus 로고    scopus 로고
    • Vila, A. (2000). Asset price crises and banking crises: Some empirical evidence. www.bis.org/pubs/confer08.pdf .
  • 85
    • 85120197426 scopus 로고    scopus 로고
    • Voth, H.-J. (2002). With a bang, not a whimper: Pricking Germany’s ‘Stock Market Bubble’ in 1927 and the slide into depression . Unpublished manuscript, Pompeu Fabra University.
  • 86
    • 0003025341 scopus 로고
    • The stock market boom and crash of 1929 revisited
    • E. White The stock market boom and crash of 1929 revisited Journal of Economic Perspectives 4 1990 67 84
    • (1990) Journal of Economic Perspectives , vol.4 , pp. 67-84
    • White, E.1
  • 87
    • 85120213000 scopus 로고    scopus 로고
    • White, E. (1990b). When the ticker ran late: The stock market boom and crash of 1929. In: E. White (Ed.), Crashes and Panics: The Lessons from History (pp. 143–187). New York: Irwin.
  • 88
    • 85120219086 scopus 로고    scopus 로고
    • Wicker, E. (1966). Federal reserve monetary policy 1917–1933 . New York: Random House.


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.