We study the development of bank lending in the U.S. after four large jumps in uncertainty using an event study approach. We find that more liquid banks reduce lending less than banks with smaller liquidity ratios after a surge in uncertainty. Lending by smaller banks is also less responsive to...

This volume focuses on factors that have contributed to the deterioration of the U.S. trade balance and the erosion of American competitiveness.

A discussion of the perceived widening wage gap between skilled and unskilled workers that analyzes the implications of such a gap upon trade in the context of NAFTA.

Seemingly common-sense taxation approaches raise issues of equity, tax administration, and unintended economic consequences.

This book recommends the creation of a new, alternative legal structure for collective investment, the "managed investment trust."

If some members of Congress and the Federal Communications Commission have their way, they will mandate free television for federal candidates.

Economists, trade policy experts, and legislators express their views on the competitive position of the United States in world trade.

In response to heightened competition, the larger insurance companies and various insurance industry groups have become interested in the concept of federal chartering and regulation.

This volume shows how a narrow focus on jobs and bilateral trade confrontations jeopardizes the real economic and security interests of the United States and its allies.