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Economic and financial debates

Working papers calling for a reflection on issues related to the economics of banking and insurance, and their regulation

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Publication Economic and financial debates no. 37:
The Real Effects of Bank Runs. Evidence from the French Great Depression (1930-1931)

We investigate the causal impact of bank runs by exploiting a key feature of the French Great Depression (1930-1931) that created exogenous geographical variations in the withdrawals of bank deposits. Unregulated commercial banks coexisted with...

  • Published on 05/25/2021
  • FR
  • PDF (2.79 MB)
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