macroeconomy

Publication date: 1 Sep 2017 | Publication type: NIESR Discussion Paper | Theme: Macroeconomics | Authors: Lennard, J | External authors: Kenny, S, Turner, John D | JEL classification: E32, E44, G21, N13, N14, N23, N24 | NIESR discussion paper number: 478
This paper investigates the macroeconomic effects of UK banking crises over the period 1750 to 1938. We construct a new annual banking crisis series using bank failure rate data, which suggests that the incidence of banking crises was every 30 or so years. Using our new series and a narrative...