Replication data for: Crises and the Development of Economic Institutions: Some Microeconomic Evidence
Principal Investigator(s): View help for Principal Investigator(s) Raghuram Rajan; Rodney Ramcharan
Version: View help for Version V1
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P2016_1042_data | 10/12/2019 11:03:AM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 07:03:AM |
Project Citation:
Rajan, Raghuram, and Ramcharan, Rodney. Replication data for: Crises and the Development of Economic Institutions: Some Microeconomic Evidence. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113455V1
Project Description
Summary:
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This paper studies the long run effects of financial crises using new bank and town level data from around the Great Depression. We find evidence that banking markets became much more concentrated in areas that experienced a greater initial collapse in the local banking system. There is also evidence that financial regulation after the Great Depression, and in particular limits on bank branching, may have helped to render the effects of the initial collapse persistent. All of this suggests a reason why post-crisis financial regulation, while potentially reducing financial instability, might also have longer run real consequences.
Scope of Project
JEL Classification:
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D02 Institutions: Design, Formation, Operations, and Impact
E32 Business Fluctuations; Cycles
G01 Financial Crises
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G28 Financial Institutions and Services: Government Policy and Regulation
N12 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: 1913-
N22 Economic History: Financial Markets and Institutions: U.S.; Canada: 1913-
D02 Institutions: Design, Formation, Operations, and Impact
E32 Business Fluctuations; Cycles
G01 Financial Crises
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G28 Financial Institutions and Services: Government Policy and Regulation
N12 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: 1913-
N22 Economic History: Financial Markets and Institutions: U.S.; Canada: 1913-
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