Causes of Bank Suspensions in the Panic of 1893

This paper tests predictions of these two theories using information uniquely available for the Crisis of 1893. The results suggest that real economic shocks were important determinants of the location of panics at the national level, however at the local level, insolvency is important as triggers of bank panics. Read on for further information on bank runs, bank suspensions, Panic of 1893.

Provided by: The Federal Reserve Board Topic: Software Date Added: Jan 2002 Format: HTML

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