Correspondent Clearing and the Banking Panics of the Great Depression

Gary Richardson

NBER Working Paper No. 12716
Issued in December 2006

---- 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 garyr@uci.edu. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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