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A Stakeholder Empire: The Political Economy of Spanish Imperial RuleIn America

Grafe, Regina; Irigoin, Alejandra - Northwestern University <Evanston, Ill.; College of New …; …

This paper revises the traditional view of Spain as a predatorycolonial state that extracted revenue from natural resources andpopulations in the Americas while offering little in return. Using 18thcentury Spanish American treasury accounts we show that localelites not only exerted important...

Persistent link: https://www.econbiz.de/10005870500

Trading Facts: Arrow’s Fundamental Paradox and the Emergence of Global News Networks, 1750-1900

Bakker, Gerben - London School of Economics and Political Science - 2007

The nineteenth century saw the advent of news agencies that became well-coordinated global organisations with large networks of correspondents, such as Reuters, Havas, Wolff-Continental and Associated Press. Essential features of these agencies were substantial fixed and sunk set-up costs, high...

Persistent link: https://www.econbiz.de/10005870925

Active and Passive Waste in Government Spending: Evidence from a Policy Experiment

Bandiera, Oriana; Prat, Andrea; Valletti, Tommaso M. - London School of Economics and Political Science; … - 2008

We propose a distinction between active waste and passive waste as determinantsof the cost of public services. Active waste entails utility for the publicdecision maker (as in the case of bribery) whereas passive waste does not (asin the case of inefficiency due to red tape). To assess the...

Persistent link: https://www.econbiz.de/10005870993

The Case for TIPS: An Examination of the Costs and Benefits

Dudley, William C.; Roush, Jennifer E.; Ezer, Michelle … - London School of Economics and Political Science - 2009

[...]Importantly, these studies rely entirely on ex post analysis.In other words, the studies ask, Given the actual inflationoutcome, did the costs of TIPS issuances exceed the costs ofnominal Treasury issuances of similar durations? Thisapproach depends on the actual inflation outcome, which...

Persistent link: https://www.econbiz.de/10005869398

Changes in the Timing Distribution of Fedwire Funds Transfers

Armantier, Olivier; Arnold, Jeffrey; McAndrews, James - London School of Economics and Political Science - 2008

LinkedSettlement (CLS) Bank, an institution that settles U.S. dollarpayments early in the morning; changes to the Clearing …

Persistent link: https://www.econbiz.de/10005869405

LSE essays on cost

Buchanan, James M. (contributor) - London School of Economics and Political Science - 1973

Persistent link: https://www.econbiz.de/10004653179

L.S.E. essays on cost

Buchanan, James M. (contributor); Thirlby, G. F. (ed.); … - 1973

Persistent link: https://www.econbiz.de/10000028598

L.S.E. essays on cost

Buchanan, James M. (ed.); Thirlby, G. F. (ed.) - 1981

Persistent link: https://www.econbiz.de/10000077536

Banks’ Payments-Driven Revenues

Radecki, Lawrence J. - Federal Reserve Bank <New York, NY>; London School of … - 1999

bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank …

Persistent link: https://www.econbiz.de/10005870063

Supervisory Information and the Frequency of Bank Examinations

Hirtle, Beverly J.; López, José A. - Federal Reserve Bank <New York, NY>; London School of … - 1999

length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from … information that can be obtained onlythrough on-site examinations, such as confidential informationabout a bank’s troubled assets …

Persistent link: https://www.econbiz.de/10005870064