Were universal banks more vulnerable to banking failures? Evidence from the 1931 German banking crisis

This paper examines the 1931 German banking crisis using a bank-level data set. It specifically focuses on the link between banking structure and financial stability. The universality of banks, a key characteristic of the German banking system, is shown to increase the probability of bank failure after controlling for other bank-level characteristics and macroeconomic variables.

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Year of publication:	2009
Authors:	Adalet, Müge
Publisher:	Istanbul : TÜSİAD-Koç University Economic Research Forum
Subject:	Bankenkrise \| Universalbank \| Bankgeschichte \| Deutschland (bis 1945) \| Banking Crises \| Great Depression \| Universal Banking

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Series:	Working Paper ; 0911
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	63834235X [GVK] hdl:10419/45420 [Handle]
Classification:	N24 - Europe: 1913- ; E44 - Financial Markets and the Macroeconomy ; G01 - Financial Crises
Source:	EconStor

Persistent link: https://www.econbiz.de/10010273658