Information management in times of crisis
利用1933年美国银行假日期间纽约州暂停州立银行资产负债表披露而联邦银行未暂停的政策差异，研究发现暂停信息披露减少了州立银行的存款外流，且两类银行存款行为在1934年联邦存款保险公司成立后趋同。
How does information management and control affect bank stability? Following a national bank holiday in 1933, NY state bank regulators suspended the publication of balance sheets of state-charter banks for two years, whereas the national-charter bank regulator did not. This divergence in policies is used to examine how the suspension of bank-specific information affected depositors and the portfolio of assets held by banks. State-charter banks benefited, experiencing less deposit outflows than national-charter banks in 1933. Further, the behavior of bank deposits across both types of banks converged in 1934 after the introduction of the Federal Deposit Insurance Corporation.