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Title:The effect of financial structure on crises: universal banking in interwar Europe PDF Logo
Authors:Adalet, Müge
Issue Date:2009
Series/Report no.:TÜSİAD-Koç University Economic Research Forum working paper series 0910
Abstract: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.
Subjects:Great Depression
Banking Crisis
Real Effects of Crises
Universal Banking
JEL:N24
E44
G01
Document Type:Working Paper
Appears in Collections:ERF Working Paper Series, TÜSİAD-Koç University Economic Research Forum (ERF)

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