NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Relationship Lending and the Great Depression

Jon Cohen, Kinda Cheryl Hachem, Gary Richardson

NBER Working Paper No. 22891
Issued in December 2016, Revised in July 2018

---- Acknowledgments ----

We thank Joseph Johnson, Padma Sharma, and Daniel Tracht for excellent research assistance. We also thank Ben Bernanke, Gabe Chodorow-Reich, Jonathan Dingel, Joe Haubrich, Erik Hurst, Chris Koch, Fabrizio Perri, and Johannes Wieland as well as seminar and conference participants at Chicago Booth, UW-Madison, FRB Cleveland, NBER SI 2016 Monetary Economics, and the 2018 Texas Monetary Conference for helpful comments. Kinda Hachem gratefully acknowledges financial support from Chicago Booth. Part of this research was conducted while Gary Richardson was at the Federal Reserve Bank of Richmond. The views in this paper are those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Richmond, the Federal Reserve System, or the National Bureau of Economic Research.

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