Are Prudential Supervision and Regulation Pillars of Financial Stability? Evidence from the Great Depression

Are Prudential Supervision and Regulation Pillars of Financial Stability? Evidence from the Great Depression

Are Prudential Supervision and Regulation Pillars of Financial Stability? Evidence from the Great Depression

Drawing on the variation in financial distress across U.S. states during the Great Depression, this article suggests how bank supervision and regulation affected banking stability during the Great Depression. In response to well-organized interest groups and public concern over the bank failures of the 1920s, many U.S.

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