Suspension of payments, bank failures, and the nonbank public's losses

Journal of Monetary Economics

Volumn 54, Issue 2, 2007, Pages 565-580

  Dwyer Jr , Gerald P ^a   Hasan, Iftekhar ^b  

^a FEDERAL RESERVE BANK OF ATLANTA   (United States)

^b RENSSELAER POLYTECHNIC INSTITUTE   (United States)

Author keywords

Banking panic; Free banking; Suspension of payments

Indexed keywords

EID: 33847739400     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2005.06.005     Document Type: Article

References (26)

1. Andersen T.A. A Century of Banking in Wisconsin (1954), State Historical Society of Wisconsin, Madison
2. Brownlee R.S. Gray Ghosts of the Confederacy: Guerrilla Warfare in the West 1861-1865 (1958), Louisiana State University Press
3. Current R.N. The History of Wisconsin, vol. 2, The Civil War Era, 1848-1873 (1976), State Historical Society of Wisconsin, Madison
4. Dowrie G.W. The Development of Banking in Illinois, 1817-1863 (1913), University of Illinois, Urbana
5. Dwyer Jr. G.P., and Hafer R.W. Bank failures in banking panics: risky banks or road kill?. In: Hasan I., and Hunter W.C. (Eds). Bank and Financial Market Efficiency: Global Perspectives, vol. 5, Research in Banking and Finance (2004), Elsevier, Amsterdam 47-70
6. Dwyer Jr. G.P., Hafer R.W., and Weber W.E. Weekly US and state bond prices, 1855-1865. Historical Methods 32 Winter (1999) 37-42
7. Economopoulos A. Illinois free banking experience. Journal of Money, Credit and Banking 20 May (1988) 249-264
8. Friedman M., and Schwartz A.J. A Monetary History of the United States, 1867-1960 (1963), Princeton University Press, Princeton, NJ
9. Gorton G. Reputation formation in early bank note markets. Journal of Political Economy 104 April (1996) 346-397
10. Gorton, G., Huang, L., 2002. Bank panics and the endogeneity of Central Banks. NBER Working Paper 9102.
11. Hasan I., and Dwyer Jr. G.P. Bank runs in the free banking period. Journal of Money, Credit and Banking 26 May (1994) 271-288
12. Illinois, 1851-1861. Laws of Illinois.
13. Illinois, 1861, Report of the Committee on Banks and Corporations, February 11, 1861. Journal of the House of Representatives, 22nd Assembly 2, 449-458.
14. James F.C. The Growth of Chicago Banking, Vol. 1, The Formative Years, 1816-1896 (1938), Harper and Brothers Publishers, New York
15. Krueger L. History of Commercial Banking in Wisconsin (1933), University of Wisconsin, Madison
16. Maddala G.S. Limited-Dependent and Qualitative Variables in Econometrics (1983), Cambridge University Press, Cambridge
17. Meng C., and Schmidt P. On the cost of partial observability in the bivariate probit model. International Economic Review 26 February (1985) 71-85
18. Merk F. Economic History of Wisconsin During the Civil War Decade (1916), Wisconsin Historical Society, Madison
19. Poirier D.J. Partial observability in bivariate probit models. Journal of Econometrics 12 February (1980) 209-217
20. Ratchford B.U. American State Debts (1941), Duke University Press, Durham
21. Rolnick A.J., and Weber W.E. The causes of free bank failures. Journal of Monetary Economics 14 October (1984) 269-291
22. Schwab, J.C., 1901. The Confederate States of America, 1861-1865, A Financial and Industrial History of the South during the Civil War.
23. Selgin G.A. In defense of bank suspension. Journal of Financial Services Research 7 December (1993) 347-364
24. U.S. Congress, 1863. House Executive Document 20, 38th Congress, 1st Session.
25. Wallace N. A banking model in which partial suspension is best. Federal Reserve Bank of Minneapolis Quarterly Review 14 Fall (1990) 11-23
26. Wisconsin, 1861. Laws of Wisconsin.