IDEAS home Printed from https://ideas.repec.org/a/cup/jhisec/v33y2011i02p173-185_00.html
   My bibliography  Save this article

Wicksell On The American Crisis Of 1907

Author

Listed:
  • BOIANOVSKY, MAURO

Abstract

The article discusses Knut Wicksell’s interpretation of the American crisis of 1907, which he presented in a piece published in Swedish in 1908. Wicksell advanced, probably for the first time in the literature, a clear distinction between the “solvency” and “liquidity” of banks, and discussed its implications for the interpretation of crises. Moreover, he called attention to a third desirable attribute of a bank: “flexibility”; that is, the ability to satisfy credit demand at an adequate rate of interest. Wicksell linked that with his better known concept of the cumulative process and the stabilization policy associated with it.

Suggested Citation

  • Boianovsky, Mauro, 2011. "Wicksell On The American Crisis Of 1907," Journal of the History of Economic Thought, Cambridge University Press, vol. 33(2), pages 173-185, June.
    • Handle: RePEc:cup:jhisec:v:33:y:2011:i:02:p:173-185_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1053837211000022/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. METAXAS, Theodore & TROMPATZI, Georgia, 2015. "From The Bank Panic Of 1907 To The Great Depression Of 1929 And The Savings And Loan Crisis Of The 1980s: Comparative Analysis And Lessons For The Future," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(1), pages 79-96.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jhisec:v:33:y:2011:i:02:p:173-185_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/het .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.