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The evidence suggests strong parallels between the banking panics of the pre-Depression era and the 2008 crisis

Jalil, Andrew (2016) The evidence suggests strong parallels between the banking panics of the pre-Depression era and the 2008 crisis. USApp– American Politics and Policy Blog (22 Jan 2016). Website.

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Abstract

The banking crisis of 2008 has since drawn comparisons with the banking crisis of the late 1920s which in turn led to the Great Depression. Andrew Jalil writes that before the 1930s, banking panics were a common part of US economic history. Using data from seven major banking panics between 1833 and 1907, he argues that when downturns are associated with major banking panics, recessions tend to be deeper, longer, and slower to recover from.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2016 The Authors; Online
Divisions: LSE
Subjects: J Political Science > JK Political institutions (United States)
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 04 Jan 2017 14:57
Last Modified: 15 Jun 2020 23:30
URI: http://eprints.lse.ac.uk/id/eprint/68746

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