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Financial network structure is an important determinant of systemic risk. This paper examines how the U.S. interbank network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the Great Depression. Banks established connections to...
Persistent link: https://www.econbiz.de/10012479982
This paper examines the relationship between the structure of banking markets and economic growth using a new dataset … on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period … when the manufacturing sector was expanding rapidly and restrictive branching laws segmented the U.S. banking system …
Persistent link: https://www.econbiz.de/10012462942
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