The DOI matches its Crossref record.
Market Contagion: Evidence from the Panics of 1854 and 1857
Open accessAbstract
To test a model of contagion—where individuals hear some bad news and communicate it to their acquaintances, who then pass it on, leading to a market panic—requires a knowledge of the information networks of participants, something hitherto unavailable. For two panics in the 1850's this paper examines the behavior of Irish depositors in a New York bank. As recent immigrants, their social network was determined largely by their place of origin in Ireland, and where they lived in New York. During both panics this social network turns out to be the prime determinant of behavior. (JEL G21, N21)
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cited by
Cooper, D. J., & Rege, M. (2011) · Games and Economic Behavior · doi:10.1016/j.geb.2010.12.012 · Cited by 100
Gorton, G. (2008) · doi:10.3386/w14398 · Cited by 81
Peer effects and risk sharing in experimental asset markets
Gortner, P. J., & van der Weele, J. J. (2019) · European Economic Review · doi:10.1016/j.euroecorev.2019.04.001 · Cited by 19
Metadata
- Authors
- Kelly, M., & Gráda, C. Ó.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2000-12-01
- Volume
- 90
- Issue
- 5
- Pages
- 1110-1124
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W1994827691
- Cited by
- 301
- References
- 0
- FWCI
- 8.28
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Market Contagion: Evidence from the Panics of 1854 and 1857. https://app.cochat.ai/papers/10.1257/aer.90.5.1110
- The paper
- Kelly, M., & Gráda, C. Ó. (2000). Market Contagion: Evidence from the Panics of 1854 and 1857. American Economic Review. https://doi.org/10.1257/aer.90.5.1110
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
