Replication data for: Crises and the Development of Economic Institutions: Some Microeconomic Evidence

Principal Investigator(s): View help for Principal Investigator(s) Raghuram Rajan; Rodney Ramcharan

Name	File Type	Size	Last Modified
P2016_1042_data			10/12/2019 11:03:AM
LICENSE.txt	text/plain	14.6 KB	10/12/2019 07:03:AM

Project Citation:

Rajan, Raghuram, and Ramcharan, Rodney. Replication data for: Crises and the Development of Economic Institutions: Some Microeconomic Evidence. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113455V1

Project Description

Summary: This paper studies the long run effects of financial crises using new bank and town level data from around the Great Depression. We find evidence that banking markets became much more concentrated in areas that experienced a greater initial collapse in the local banking system. There is also evidence that financial regulation after the Great Depression, and in particular limits on bank branching, may have helped to render the effects of the initial collapse persistent. All of this suggests a reason why post-crisis financial regulation, while potentially reducing financial instability, might also have longer run real consequences.

Scope of Project

JEL Classification:
      D02 Institutions: Design, Formation, Operations, and Impact
      E32 Business Fluctuations; Cycles
      G01 Financial Crises
      G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
      G28 Financial Institutions and Services: Government Policy and Regulation
      N12 Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: 1913-
      N22 Economic History: Financial Markets and Institutions: U.S.; Canada: 1913-

Related Publications

Download this project

Published Versions

V1 [2019-10-12]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.