...Frank Heinemann and Charles Noussair; Martin Dufwenberg Purpose – How can laboratory experiments help us understand banking crises, including the usefulness of various policy responses? After giving a concise introduction to the field of experimental economics more generally, the author attempts...

..., although the relevant effects were modest too. Turmoil in securities markets affected unemployment only slightly. The results are robust to variations in specification. Originality/value While previous papers only look at a small number of banking crises, this paper's sample includes crises in all...