About this document
Market Contagion in 1850s New York by Longge Wang is a document available to read on EtoBox.
This paper examines the role of social contagion in market panics by analyzing the behavior of Irish depositors at the Emigrant Industrial Savings Bank during the panics of 1854 and 1857. It finds that the social networks of these immigrants, largely determined by their county of origin in Ireland, significantly influenced their decision to withdraw funds during the crises. The study highlights the importance of personal connections in the spread of panic, as depositors from certain counties were more likel
- Author
- Longge Wang
- Language
- EN