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Banking panics, bank failures, and the lender of last resort: the Showa Depression of 1930–1932

Fumio Akiyoshi.

in Oxford Economic Papers

October 2009; p ublished online June 2009 .

Journal Article. Subjects: History of Financial Markets and Institutions; Financial Regulation; Banking. 9225 words.

By using bank-level data pertaining to the period of the Showa Depression in Japan, we examine whether banking panics caused solvent banks to close down and fail. We find that bank...

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