Caught in the Headlights: Revising the Road Kill Hypothesis of Antebellum Illinois Bank Failures
Illinois had a dismal free banking experience, with over 80% of its free banks failing by the start of the Civil War. Researchers agree that a dramatic change in bond prices was the catalyst, and some have shown that the riskiest banks, ex ante, were the most likely to fail. This study examines how...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Economic & Business History Society
2017-06-01
|
| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/357 |