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Were banks special intermediaries in late nineteenth century America?

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  • Eugene White

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  • Eugene White, 1998. "Were banks special intermediaries in late nineteenth century America?," Review, Federal Reserve Bank of St. Louis, issue May, pages 13-32.
    • Handle: RePEc:fip:fedlrv:y:1998:i:may:p:13-32
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    1. James, Christopher, 1987. "Some evidence on the uniqueness of bank loans," Journal of Financial Economics, Elsevier, vol. 19(2), pages 217-235, December.
    2. Lummer, Scott L. & McConnell, John J., 1989. "Further evidence on the bank lending process and the capital-market response to bank loan agreements," Journal of Financial Economics, Elsevier, vol. 25(1), pages 99-122, November.
    3. Berlin, Mitchell & Mester, Loretta J., 1992. "Debt covenants and renegotiation," Journal of Financial Intermediation, Elsevier, vol. 2(2), pages 95-133, June.
    4. Bhattacharya Sudipto & Thakor Anjan V., 1993. "Contemporary Banking Theory," Journal of Financial Intermediation, Elsevier, vol. 3(1), pages 2-50, October.
    5. Deshmukh, Sudhakar D & Greenbaum, Stuart I & Kanatas, George, 1983. "Interest Rate Uncertainty and the Financial Intermediary's Choice of Exposure," Journal of Finance, American Finance Association, vol. 38(1), pages 141-147, March.
    6. Allen N. Berger & Anil K. Kashyap & Joseph M. Scalise, 1995. "The Transformation of the U.S. Banking Industry: What a Long, Strange Trips It's Been," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(2), pages 55-218.
    7. David C. Wheelock, 1993. "Is the banking industry in decline? Recent trends and future prospects from a historical perspective," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 3-22.
    8. Eugene E. Agger, 1914. "The Commercial Paper Debate," Journal of Political Economy, University of Chicago Press, vol. 22(7), pages 661-661.
    9. Diamond, Douglas W, 1991. "Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 689-721, August.
    10. H. G. Moulton, 1918. "Commercial Banking and Capital Formation: I," Journal of Political Economy, University of Chicago Press, vol. 26(5), pages 484-484.
    11. Brief, Richard P., 1966. "The Origin and Evolution of Nineteenth-Century Asset Accounting," Business History Review, Cambridge University Press, vol. 40(1), pages 1-23, April.
    12. North, Douglass C., 1954. "Life Insurance and Investment Banking at the Time of the Armstrong Investigation of 1905-1906," The Journal of Economic History, Cambridge University Press, vol. 14(3), pages 209-228, July.
    13. Calomiris, Charles W & Kahn, Charles M, 1991. "The Role of Demandable Debt in Structuring Optimal Banking Arrangements," American Economic Review, American Economic Association, vol. 81(3), pages 497-513, June.
    14. Fama, Eugene F., 1985. "What's different about banks?," Journal of Monetary Economics, Elsevier, vol. 15(1), pages 29-39, January.
    15. Snowden, Kenneth A., 1987. "Mortgage Rates and American Capital Market Development in the Late Nineteenth Century," The Journal of Economic History, Cambridge University Press, vol. 47(3), pages 671-691, September.
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    Cited by:

    1. Hanson, Samuel G. & Shleifer, Andrei & Stein, Jeremy C. & Vishny, Robert W., 2015. "Banks as patient fixed-income investors," Journal of Financial Economics, Elsevier, vol. 117(3), pages 449-469.
    2. Malcolm Anderson, 1999. "Accounting History Publications 1998," Accounting History Review, Taylor & Francis Journals, vol. 9(3), pages 375-384.
    3. Bodenhorn, Howard, 1999. "An Engine of Growth: Real Bills and Schumpeterian Banking in Antebellum New York," Explorations in Economic History, Elsevier, vol. 36(3), pages 278-302, July.
    4. Seltzer, Andrew J. & Simons, Kenneth L., 2001. "Salaries and Career Opportunities in the Banking Industry: Evidence from the Personnel Records of the Union Bank of Australia," Explorations in Economic History, Elsevier, vol. 38(2), pages 195-224, April.
    5. Michael D. Bordo & Barry Eichengreen & Jongwoo Kim, 1998. "Was There Really an Earlier Period of International Financial Integration Comparable to Today?," NBER Working Papers 6738, National Bureau of Economic Research, Inc.

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    Keywords

    Banks and banking - History;

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