The Effect of Financial Structure on Crises: Universal Banking in Interwar Europe

This paper examines the link between banking structure and financial fragility across Europe during the 1920s and 1930s using a new database. Monthly and annual data are analyzed to show that countries with universal banking were more likely to experience crises. Furthermore, those countries with universal banking, which have a crisis, are shown to experience a slowdown in their economic growth.

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Year of publication:	2009-10
Authors:	Adalet, Muge
Institutions:	İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi
Subject:	Great Depression \| Banking Crisis \| Real Effects of Crises \| Universal Banking

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Extent:	application/pdf
Series:	Koç University-TUSIAD Economic Research Forum Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	28 pages
Classification:	N24 - Europe: 1913- ; E44 - Financial Markets and the Macroeconomy ; G01 - Financial Crises
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008549273