A Tale of Two Fed Banks
Richardson, Gary, and William Troost. "Monetary Intervention Mitigated Banking Panics during the Great Depression: Quasi-Experimental Evidence from a Federal Reserve District Border, 1929-1933." Journal of Political Economy. December 2009, vol. 117, no. 6, pp. 1031-1073.
Order single copies of or subscribe to Econ Focus (formerly Region Focus) and other publications from the Federal Reserve System.