NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

In the Eye of a Storm: Manhattan's Money Center Banks During the International Financial Crisis of 1931

Gary Richardson, Patrick Van Horn

NBER Working Paper No. 17437
Issued in September 2011

---- Acknowledgements ----

Previously circulated as "When the Music Stopped: Transatlantic Contagion During the Financial Crisis of 1931." We thank colleagues, students, audiences at several conferences, and two anonymous referees for comments and advice that helped us to improve the paper. We thank the University of California for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Gary Richardson ----

Between writing the initial draft of this essay and completing the revised version, Gary Richardson served as the official Historian of the Federal Reserve System. The opinions expressed in this essay are the authors' own, and do not reflect the opinions or policies of the Federal Reserve.

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