Both failing banks hurt local incomes identically, isolating framing as the differentiator

Evidence

Column (1) demonstrates that the presence of Dresdner Bank has an economically and statistically significant negative effect on city-level incomes. Column (2) shows that it is similar to the impact of Danat – the presence of either failing bank led to a virtually identical decline in city incomes. — Sebastian Doerr et al., Financial Crises and Political…, 123

Categorization

• XREF: connects to: Media scapegoating, not economic loss alone, drove post-crisis Nazi radicalization

Related

• Identical bank-failure income losses radicalized voters only where media singled out the bank (similarity 0.88)
• Only exposure to Danatbank, not Dresdner, raised Nazi voting despite identical economic losses. (similarity 0.86)
• An unpublicized bank failure did not radicalize voters despite similar economic damage. (similarity 0.84)
• Both income shocks and elite scapegoating jointly drove Nazi radicalization (similarity 0.82)
• Exposure to Danat predicted worsening unemployment only after the bank’s failure. (similarity 0.82)
• Media scapegoating, not economic loss alone, drove post-crisis Nazi radicalization (similarity 0.81)
• Danat’s Jewish chairman being singled out explains its stronger radicalization effect over Dresdner’s. (similarity 0.81)
• The bank crisis radicalized voters beyond what income losses alone can explain (similarity 0.80)
• Danat-exposed cities showed no sharper pre-July-1931 unemployment downturn than other cities. (similarity 0.80)
• Income losses from bank collapse radicalize voters more than equivalent general income declines (similarity 0.80)
• Sebastian Doerr et al. — Financial Crises and Political Radicalization How Failing Banks Paved Hitler’s Path to Power (similarity 0.80)
• Nazi gains in exposed cities appeared only after the banking crisis, not before. (similarity 0.79)
• Prior crisis research neglected electoral radicalization and cultural factors (similarity 0.79)
• Danat exposure caused worsening unemployment only after the bank failed (similarity 0.79)
• German banks’ nationwide lending allows cross-city identification of crisis effects. (similarity 0.79)