Interbank networks in the national banking era: their purpose and their role in the panic of 1893

Interbank networks in the national banking era: their purpose and their role in the panic of 1893

Interbank networks in the national banking era: their purpose and their role in the panic of 1893

BIS Working Papers | No 535 | 14 January 2016by Charles W Calomiris and Mark A CarlsonPDF full text (419kb) | 47 pagesThe unit banking structure of the United States gave rise to a uniquely important interbank correspondent network, which linked banks throughout the country during the National Banking Era.

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