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1. Uncertainty as a propagating force in the Great Depression.

Author

Ferderer, J. Peter and Zalewski, David A.

Subjects
*TWENTIETH century, *UNCERTAINTY, *GREAT Depression, 1929-1939, *FINANCIAL crises, *HISTORY, *ECONOMICS, UNITED States economy, 1918-1945
Abstract

Argues that the banking crises and collapse of the international gold standard in the early 1930s contributed to the severity of the Great Depression by increasing interest-rate uncertainty. Risk premium; Financial crises, policy changes and the risk premium; Crash of 1929; Banking crises of 1930 and 1931; Britain and United States's departure from the gold standard; Investment models.

Published
1994
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