NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach

Charles W. Calomiris, Joseph Mason, David Wheelock

NBER Working Paper No. 16688
Issued in January 2011

---- Acknowledgments ----

The authors thank Hong Lee and David Lopez for research assistance, and Allan Meltzer for helpful discussions. Views expressed in this paper do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the National Bureau of Economic Research.

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