Fundamentals, Panics and Bank Distress During the Depression

By C. Calomiris, Joseph R. Mason. 2003

432 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/89ee3655d2d520e9cd0db6764140727c2327ef5c

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Citations in the corpus

Does the Geographic Expansion of Banks Reduce Risk (2016, background): “As emphasized by Bernanke (1983), Calomiris and Mason (1997, 2003a, 2003b), Keeley (1990), Boyd and DeNicolo (2005) and recent financial turmoil, the risk-taking behavior of banks affects financial and economic fragility.”
Deposit Competition and Financial Fragility: Evidence from the US Banking Sector (2017, background): “Our paper also relates to Gorton (1988), who examines the relationship between economic fundamentals and banking crises between 1863 and 1914, and Calomiris and Mason (2003), who study the role bank fundamentals played in bank runs occurring during the Great Depression. The empirical findings from o”
Runs on Money Market Mutual Funds (2016, neutral): “and Schmukler (2001), and Calomiris and Mason (2003). Third, similar to Kelly and Ó Gráda (2000), Ó Gráda and White (2003), and Iyer and Puri (2012), we identify investor characteristics which are linked to runs, and consider dynamic interactions between different types of investors in a strategic s”
Systemic Sovereign Credit Risk: Lessons from the U.S. and Europe (2013, background): “s and Gorton (1991), Calomiris and Mason (2003), Reinhart and Rogoff (2008, 2009), and others.”
Real Estate Prices and Bank Stability (2010, neutral): “, 2007), the importance of accounting for deviations of house prices from fundamentals rather than solely focusing on price level developments in regional markets (Calomiris and Mason, 2003; McCarthy and Peach, 2004; Ayuso and Restoy, 2006), and absence of bank-level evidence on distress conditional”
Bank Governance, Regulation, and Risk Taking (2009, neutral): “As emphasized by Bernanke (1983), Calomiris and Mason (1997, 2003a, 2003b), Keeley (1990), and recent financial turmoil, the risk taking behavior of banks affects financial and economic fragility.”
Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies (2011, background): “Kydland and Prescott (1977), Calvo (1978), and Barro and Gordon (1983) pointed out that because there is a short-term trade-off between unemployment and inflation, there is a time-inconsistency problem.”
Strategic Complementarity, Fragility, and Regulation (2014, background): “8 Calomiris and Mason (2003) dispute also the analysis of Friedman and Schwartz (1963) and conclude that some episodes of banking crises in the 1930s in the US can be explained by deteriorating fundamentals while others could be explained by a panic component dominating (as the crises in January and”
Did bank distress stifle innovation during the Great Depression (2014, background): “Others, however, have argued that insolvencies played a much larger role in explaining the pattern of bank failures (Temin, 1976; White, 1984; Calomiris and Mason, 1997, 2003).”