The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 19...
The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s
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Nashville: American Economic Association
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Language
English
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Nashville: American Economic Association
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Contents
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...
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Full title
The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s
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TN_cdi_proquest_miscellaneous_1680170255
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_1680170255
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ISSN
0002-8282
E-ISSN
1944-7981
DOI
10.1257/aer.20120525
