Correspondent Clearing and the Banking Panics of the Great Depression
NBER Working Paper No. 12716
---- Acknowledgements -----
I thank colleagues, friends, and participants in the conference Economics of Payments II for comments and advice. I thank Francesca Labordo for exceptional research assistance. National Science Foundation Grant D/SES-00551232 supported this research. The author may be reached via email at firstname.lastname@example.org. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.