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Alternatives for Distressed Banks and the Panics of the Great Depression
This December 2007 research paper "investigates whether the [banking] panics [during the Great Depression] resulted in the failure and liquidation of banks that might otherwise have been able to pursue a less disruptive resolution strategies such as merging with another institution or suspending operations and recapitalizing." Discusses financial situations of banks that failed and banks that survived, and different types of resolution strategies. From the Federal Reserve Board.
http://www.federalreserve.gov/pubs/feds/2008/200807/200807abs.html
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