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" banking outcomes. Although railroads improved economic conditions along their routes, we offer evidence of another channel …
Persistent link: https://www.econbiz.de/10012458632
The "Federalist financial revolution" may have jump-started the U.S. economy into modern growth, but the Free Banking … System (1837-1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into …
Persistent link: https://www.econbiz.de/10012460638
This paper is an exploratory analysis of the role that banks play in supporting the mechanism of exchange. It considers a model economy in which exchange activities are facilitated and coordinated by a self-organizing network of entrepreneurial trading firms. Collectively, these firms play the...
Persistent link: https://www.econbiz.de/10012461555