Interbank payments relationships in the antebellum United States: evidence from Pennsylvania
Article Abstract:
The antebellum interbank relationships using a previously unknown microdata set for Pennsylvania banks from 1851 to 1859 that disaggregate the amounts due from other banks by debtor bank were examined. The study revealed that country banks dealt exclusively with financial center banks, had a stable and large financial relationship with a single bank and location of the correspondent of the country banks was consistent with the likely trade patterns particularly railroad and canal linkages.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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Financing banking crises
Article Abstract:
An analysis describing the financial sources needed during a banking crisis is presented. A strategic asset pricing model is applied in the evaluation of increased interest rates and cash syndicate formation which occur during such an event. It is shown that the Federal Reserve System evolved out of a need for a publicly controlled institution which can offer financial assistance in times of crisis.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1993
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Credit risk transfer and contagion
Article Abstract:
Benefits of credit risk shift during equal liquidity demand in banks are analyzed using a model with insurance and banking sectors. Factors leading to contagion between both the sectors are discussed.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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