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Ernst-Moritz-Arndt-Universität Greifswald >
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Wirtschaftswissenschaftliche Diskussionspapiere, Universität Greifswald >
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http://hdl.handle.net/10419/32349
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| Title: | | Liquidity and solvency problems during the banking crises of the National Banking Era  |
| Authors: | | Körnert, Jan |
| Issue Date: | | 2006 |
| Series/Report no.: | | Wirtschaftswissenschaftliche Diskussionspapiere // Ernst-Moritz-Arndt-Universität Greifswald, Rechts- und Staatswissenschaftliche Fakultät 05/2006 |
| Abstract: | | Liquidity and solvency are conditional for banks' existence, They are endangered during banking crises. Since the banking crises of the National Banking Era in the USA are no exceptions, the question remains whether the foundation of the Federal Reserve System offered an adequate solution to the relevant problems of the era, The study concludes that the introduction of the Federal Reserve System offered a good chance to solve the structural problems. On the other side, the Federal Reserve System would not have been in a position to come to the aid of troubled banks in the crises of 1890, 1873 and 1884 - either due to solvency problems or runs by depositors. |
| Subjects: | | Banking Crises National Banking Era Liquidity Solvency Federal Reserve System |
| JEL: | | G21 G33 G15 |
| Appears in Collections: | | Wirtschaftswissenschaftliche Diskussionspapiere, Universität Greifswald
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