| Type of Document |
Dissertation |
| Author |
Jaremski, Matthew Steven
|
| Author's Email Address |
matthew.jaremski@vanderbilt.edu |
| URN |
etd-07092010-132547 |
| Title |
FREE BANKING: A REASSESSMENT USING BANK-LEVEL DATA |
| Degree |
PhD |
| Department |
Economics |
| Advisory Committee |
| Advisor Name |
Title |
| Peter Rousseau |
Committee Chair |
| David Parsley |
Committee Member |
| Jeremy Atack |
Committee Member |
| Mario Crucini |
Committee Member |
| Robert Driskill |
Committee Member |
|
| Keywords |
- Free Banking
- U.S. Economic History
- Bank Regulation
- Bank Failure
|
| Date of Defense |
2010-06-02 |
| Availability |
unrestricted |
Abstract
Through a unique collection of compositional (e.g. balance sheets and note discounts) and environmental (e.g. bond portfolio values and passenger travel costs) data for most of the antebellum banks, this dissertation provides the first bank-level view of the U.S. Free Banking System. The data not only augments previous descriptive studies, but also enables an econometric reassessment of free banking’s most controversial topics. The dissertation finds that free banking was flawed by construction, but that many individuals and banks were flexible enough to adjust to the risk. While the specific problems of free banking have been mitigated over time, the lessons learned from the period transcend the historical context, shedding light on many continuing problems in finance.
|
| Files |
| Filename |
Size |
Approximate Download Time
(Hours:Minutes:Seconds)
|
| 28.8 Modem |
56K Modem |
ISDN (64 Kb) |
ISDN (128 Kb) |
Higher-speed Access |
| |
Dissertation_Jaremski.pdf |
5.53 Mb |
00:25:36 |
00:13:10 |
00:11:31 |
00:05:45 |
00:00:29 |
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