Hoarding in the Panic of 1907
Quarterly Journal of Economics
1908
The panic of 1907 witnessed a premium upon money in New York lasting two months and rising as high as 4 per cent., 290–293.—The extent of hoarding on the part of the public is roughly indicated by the amount of money that disappeared from the banks, 293; and by the number of safe deposit boxes rented in New York and other cities, 294–296.—The banks of the South and West aggravated the situation by accumulating abnormal reserves, 296–299.
- DOI
- 10.2307/1883842
- Volume
- 22 (2)
- Pages
- 290
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