Journal Article
Why were banks better off in the 2001 recession?
Abstract: In a sharp turnaround from their fortunes in the 1990-91 recession, banks came through the 2001 recession reasonably well. A look at industry and economy-wide developments in the intervening years suggests that banks fared better largely because of more effective risk management. In addition, they benefited from a decline in short-term interest rates and the relative mildness of the 2001 downturn.
Access Documents
File(s): File format is application/pdf https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci10-1.pdf
File(s): File format is text/html https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci10-1.html
Authors
Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Current Issues in Economics and Finance
Publication Date: 2004
Volume: 10
Issue: Jan
Order Number: 1