The Small Bank Failures of the Early 1990s: Another Story of Boom and Bust

2016 ◽  
Author(s):  
Kushal Balluck ◽  
Artus Galiay ◽  
Glenn Hoggarth
2015 ◽  
Vol 105 (4) ◽  
pp. 1439-1477 ◽  
Author(s):  
Raghuram Rajan ◽  
Rodney Ramcharan

Does credit availability exacerbate asset price inflation? Are there long-run consequences? During the farm land price boom and bust before the Great Depression, we find that credit availability directly inflated land prices. Credit also amplified the relationship between positive fundamentals and land prices, leading to greater indebtedness. When fundamentals soured, areas with higher credit availability suffered a greater fall in land prices and had more bank failures. Land prices and credit availability also remained disproportionately low for decades in these areas, suggesting that leverage might render temporary credit-induced booms and busts persistent. We draw lessons for regulatory policy. (JEL E31, G21, G28, N22, N52, Q12, Q14)


2017 ◽  
Author(s):  
Eliana Balla ◽  
Laurel C Mazur ◽  
Edward S. Prescott ◽  
John R. Walter

2020 ◽  
Author(s):  
William Quinn ◽  
John D. Turner
Keyword(s):  

Author(s):  
Xiaofei Li ◽  
Cesar L. Escalante ◽  
James E. Epperson ◽  
Lewell F. Gunter

CFA Digest ◽  
2000 ◽  
Vol 30 (2) ◽  
pp. 19-20
Author(s):  
Thomas J. Latta
Keyword(s):  

Author(s):  
Floor Haalboom

This article argues for more extensive attention by environmental historians to the role of agriculture and animals in twentieth-century industrialisation and globalisation. To contribute to this aim, this article focuses on the animal feed that enabled the rise of ‘factory farming’ and its ‘shadow places’, by analysing the history of fishmeal. The article links the story of feeding fish to pigs and chickens in one country in the global north (the Netherlands), to that of fishmeal producing countries in the global south (Peru, Chile and Angola in particular) from 1954 to 1975. Analysis of new source material about fishmeal consumption from this period shows that it saw a shift to fishmeal production in the global south rather than the global north, and a boom and bust in the global supply of fishmeal in general and its use in Dutch pigs and poultry farms in particular. Moreover, in different ways, the ocean, and production and consumption places of fishmeal functioned as shadow places of this commodity. The public health, ecological and social impacts of fishmeal – which were a consequence of its cheapness as a feed ingredient – were largely invisible on the other side of the world, until changes in the marine ecosystem of the Pacific Humboldt Current and the large fishmeal crisis of 1972–1973 suddenly changed this.


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