THE PANIC OF 1857 - ORIGINS, TRANSMISSION, AND CONTAINMENT

被引：61

作者：

CALOMIRIS, CW ^{[1
]}

SCHWEIKART, L ^{[1
]}

机构：

[1] UNIV DAYTON,DAYTON,OH 45469

来源：

JOURNAL OF ECONOMIC HISTORY | 1991年 / 51卷 / 04期

关键词：

D O I：

10.1017/S0022050700040122

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We explain the origins of the Panic of 1857, examine its spread, and compare state banking systems' responses. We describe the decline in western land and railroad investments and the consequent stress on securities brokers and banks in eastern cities, and trace the transmission of the shock to other regions. Bank performance depended not only on regional conditions and links to eastern banks, but on the ability to coordinate behavior. Southern branch banks and coinsuring banks in Ohio and Indiana were particularly successful.

引用

页码：807 / 834

页数：28