Binding: Paperback
Description: If you ve got money in the bank chances are you ve never seriously worried about not being able to withdraw it. But there was a time in the United States an era that ended just over a hundred years ago when bank customers had to pay close attention to the solvency of the banking system knowing they might have to rush to retrieve their savings before the bank collapsed. During the National Banking Era (1863 1913) before the establishment of the Federal Reserve widespread banking panics were indeed rather common. Yet these pre - Fed banking panics as Gary B. Gorton and Ellis W. Tallman show bear striking similarities to our recent financial crisis. Fighting Financial Crises thus turns to the past to better understand our uncertain present investigating how panics during the National Banking Era played out and how they were eventually quelled and prevented. The authors then consider the Fed's and the SEC's reactions to the recent crisis building an informative new perspective on how the modern economy works.
Title: Fighting Financial Crises Learning From The Past
Author(s): Tallman Ellis W.
Publisher: The University Of Chicago Press
Barcode: 9780226786209
Pages: 256 Pages, 14 Line Drawings, 12 Tables
Publication Date: 5/11/2021
Category: Economic History