FINANCING BANKING CRISES - LESSONS FROM THE PANIC OF 1907

被引：9
|
作者：
DONALDSON, RG
机构：
[1] University of British Columbia, Vancouver
来源：
JOURNAL OF MONETARY ECONOMICS | 1993年 / 31卷 / 01期
关键词：
D O I：
10.1016/0304-3932(93)90017-A
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
A model of strategic asset pricing is used to investigate the increase in interest rates and the formation of cash syndicates that can occur during privately financed banking crises. Results produced help to explain the Federal Reserve System's creation following the panic of 1907 and to clarify the Fed's role in financing contemporary banking crises.
引用
收藏
页码：69 / 95
页数：27
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