Bank collapse and depression
By: John Bryant
Series: Federal Reserve Bank of Minneapolis, Research Department staff report -- #56; Staff report (Federal Reserve Bank of Minneapolis. Research Department : Online) -- 56.
Publisher: Federal Reserve Bank of Minneapolis
Published: 1980
Place of publication: Minneapolis, Minn.]
Language: eng
Format: [electronic resource] /
Subjects: Bank failures; Mathematical models
Description: "The recurrent banking panics of the 19th century and the Great Depression of the 1930s are widely viewed as failures of our economic system.  A simple version of Samuelson's overlapping generations model is used to generate such failures of Walrasian equilibrium. The spontaneous "panics" generated involve a collapse of bank credit, causing in turn a drop in investment demand. The model suggests that both the recent technological advances in the intermediation industry and the current move towards deregulation of that industry are ominous developments"--Federal Reserve Bank of Minneapolis web site.
Notes: Title from PDF file as viewed on 10/16/2007.

Includes bibliographical references.

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