An Examination of Country Member Bank Cash Balances of the 1930s: A Test of Alternative Explanations

Around March 1933, commercial banks began accumulating unprecedented amounts of cash. Uncertainty over deposits and loans, low interest rates relative to brokerage fees, and costly de novo capital have been used to explain this behavior. This paper employs aggregate call-date data for country member...

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Veröffentlicht in:	Southern economic journal 2000-04, Vol.66 (4), p.923-941
Hauptverfasser:	Wm. Stewart Mounts, Jr, Sowell, Clifford B., Saxena, Atul K.
Format:	Artikel
Sprache:	eng
Schlagworte:	Adjustment costs Bank assets Bank loans Bank markets Bank reserves Banking industry Banking regulation Banks Business cycles Cash Cash management Civic holidays Commercial banks Economic models Economic theory Federal Reserve Bank Fees History Interest rates Statistical analysis Studies Uncertainty
Online-Zugang:	Volltext
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