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A comparison of the stability and efficiency of the Canadian and American banking systems, 1870–19251

Published online by Cambridge University Press:  12 September 2008

Michael D. Bordo
Rutgers University and the NBER
Hugh Rockoff
Rutgers University and the NBER
Angela Redish
University of British Columbia


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Copyright © European Association for Banking and Financial History 1996

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2 Carr, J. L., Mathewson, F. and Quigley, N. C., Ensuring Failure: Financial System Stability and Deposit Insurance in Canada (Ottawa, 1994), pp. 14.Google Scholar

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6 United States Federal Deposit Insurance Corporation [hereafter FDIC], Annual Report 1934, PP. 92–3.

7 ibid., p. 89.

8 ibid., p. 94.

9 ibid., p. 100.

10 ibid., p. 89.

11 As Neufeld, E. P., The Financial System of Canada (Toronto, 1972), p. 81, points out, the record of the chartered banks was also ‘more tarnished’ than that of other Canadian intermediaries.Google Scholar

12 Annual Report of the Comptroller of the Currency 1920, 2, Table 37, pp. 80123.Google Scholar

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15 Losses on United States non-national banks deposits are also from FDIC, Annual Report 1934.

16 ibid., pp. 92–3.

17 ibid., p. 110.

18 ibid., pp. 100–1.

19 ibid., p. 89.

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29 ibid., p. 168.

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