| 000 | 02386cam a22003377 4500 | ||
|---|---|---|---|
| 001 | h0067 | ||
| 003 | NBER | ||
| 005 | 20211020114054.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s1996 mau fo 000 0 eng d | ||
| 100 | 1 |
_aBordo, Michael D. _96595 |
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| 245 | 1 | 2 |
_aA Comparison of the Stability and Efficiency of the Canadian and American Banking Systems 1870-1925 / _cMichael D. Bordo, Angela Redish. |
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_aCambridge, Mass. _bNational Bureau of Economic Research _c1996. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER historical working paper series _vno. h0067 |
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| 500 | _aNovember 1996. | ||
| 520 | 3 | _aIn this paper we compare the performance of the U.S. and Canadian banking systems from 1870-1925 in terms of stability and efficiency. In an earlier study we found that the Canadian banking system, based on nationwide branch banking, dominated the U.S. system, based on unit banking, on both criteria in the period 1920-1980. In this study we find that there is little significant difference between the two systems in the preceding 50 years. The difference between the two periods we attribute to the merger movement in Canada after 1900 which allowed the Canadian banking system to evolve from a system with incomplete regional diversification, and hence subject to a significant risk of an occasional failure by a large bank, to one characterized by national diversification and greater stability. The greater stability in turn allowed the financial structure of the banking system to evolve in a more efficient direction. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aN21 - U.S. • Canada: Pre-1913 _2Journal of Economic Literature class. |
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| 690 | 7 |
_aN22 - U.S. • Canada: 1913– _2Journal of Economic Literature class. |
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| 700 | 1 |
_aRedish, Angela. _919216 |
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| 710 | 2 | _aNational Bureau of Economic Research. | |
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_aHistorical Working Paper Series (National Bureau of Economic Research) _vno. h0067. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/h0067 |
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_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/h0067 |
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_2ddc _cW-PAPER |
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_c342498 _d301060 |
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