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| Tekijä: | Coe, P.J. |
| Otsikko: | Financial crisis and the great depression: a regime switching approach |
| Lehti: | Journal of Money, Credit and Banking
2002 : FEB, VOL. 34:1, p. 76-93 |
| Asiasana: | BANK FAILURES FINANCIAL CRISES RECESSION USA |
| Kieli: | eng |
| Tiivistelmä: | The author explores the timing of the U.S. financial crisis of the 1930s in a regime switching framework. Estimated conditional probabilities over the state of the financial sector suggest that a prolonged period of crisis begins not with the 1929 stock market crash, but with the first banking panic of October 1930. |
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