Interbank payments relationships in the antebellum United States: evidence from Pennsylvania

Article Abstract:

The antebellum interbank relationships using a previously unknown microdata set for Pennsylvania banks from 1851 to 1859 that disaggregate the amounts due from other banks by debtor bank were examined. The study revealed that country banks dealt exclusively with financial center banks, had a stable and large financial relationship with a single bank and location of the correspondent of the country banks was consistent with the likely trade patterns particularly railroad and canal linkages.

Pennsylvania

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Financing banking crises

Article Abstract:

An analysis describing the financial sources needed during a banking crisis is presented. A strategic asset pricing model is applied in the evaluation of increased interest rates and cash syndicate formation which occur during such an event. It is shown that the Federal Reserve System evolved out of a need for a publicly controlled institution which can offer financial assistance in times of crisis.

United States. Federal Reserve Board

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Credit risk transfer and contagion

Article Abstract:

Benefits of credit risk shift during equal liquidity demand in banks are analyzed using a model with insurance and banking sectors. Factors leading to contagion between both the sectors are discussed.

United States, Germany, INSURANCE CARRIERS, Insurance industry, Financial risk

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