Econ Focus



Fourth Quarter 2013

Federal Reserve

The Last Crisis before the Fed

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Related Links

Bordo, Michael D., and David C. Wheelock. "The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933." National Bureau of Economic Research Working Paper no. 16763, February 2011. (Paper available online by subscription.)

Jacobson, Margaret M., and Ellis W. Tallman. "Liquidity Provision during the Crisis of 1914: Private and Public Sources." Federal Reserve Bank of Cleveland Working Paper no. 13-04, March 2013.

Moen, Jon, and Ellis W. Tallman. "Close but not a Central Bank: The New York Clearing House and Issues of Clearing House Loan Certificates." Federal Reserve Bank of Cleveland Working Paper no. 13-08, May 2013.

Sprague, O.M.W. "The Crisis of 1914 in the United States." American Economic Review, September 1915, vol. 5, no. 3, pp. 499-533. (Paper available online by subscription.)

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