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What the New York Clearing House Did during National Banking Era Panics

Gary B. Gorton and Ellis W. Tallman

in Fighting Financial Crises: Learning from the Past

Published in print:
2018
Published Online:
May 2019
ISBN:
9780226479514
eISBN:
9780226479651
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226479651.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics

With the start of a panic the clearing house took two actions. First, individual member banks were instructed to stop publishing the information normally required to be published in a newspaper, ... More


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