Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century

50 Pages Posted: 20 Jun 2009 Last revised: 20 Mar 2022

See all articles by Raghuram G. Rajan

Raghuram G. Rajan

University of Chicago - Booth School of Business; International Monetary Fund (IMF); National Bureau of Economic Research (NBER)

Rodney Ramcharan

University of Southern California, Marshall School of Business

Date Written: June 2009

Abstract

We thank Lakshmi Aiyar, Shawn Cole, Stijn Claessens, Oded Galor, Adair Morse, Mark Rosenzweig, Jeremy Stein, as well as participants in seminars at the IMF, the NBER Political Economy, Corporate Finance, and Growth Workshops, M.I.T., Northwestern University, the University of Chicago, the WFA Meetings, and Yale University for comments. Rajan benefited from grants from the Stigler Center for the Study of the State and the Economy, from the Initiative on Global Markets, and from the National Science Foundation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

Suggested Citation

Rajan, Raghuram G. and Ramcharan, Rodney, Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century (June 2009). NBER Working Paper No. w15083, Available at SSRN: https://ssrn.com/abstract=1422962

Raghuram G. Rajan (Contact Author)

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Rodney Ramcharan

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