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Universal Banking and Bank Failures Between the Wars

Author

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  • Verdier, D.

Abstract

Although there is little doubt that banks between the wars were the victims of deflation, deflation alone cannot explain the cross-national distribution of banking crisis. In addition, one must take into consideration cross-country variations in banking structures -- the degree to which banks were specialized. The paper argues that universal banking systems were more dependent on the support of the centralbank for their existence than specialized banking systems were.

Suggested Citation

  • Verdier, D., 1997. "Universal Banking and Bank Failures Between the Wars," Papers 97/11, European Institute - Political and Social Sciences.
    • Handle: RePEc:fth:europs:97/11
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    Cited by:

    1. Christopher L. Colvin, 2014. "Interlocking directorates and conflicts of interest: the Rotterdamsche Bankvereeniging, M�ller & Co. and the Dutch financial crisis of the 1920s," Business History, Taylor & Francis Journals, vol. 56(2), pages 314-334, March.

    More about this item

    Keywords

    DEFLATION ; BANKS ; WAR ; BANKING;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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