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The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network
Jaremski, Matthew S. - 2019
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
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A Long Term Perspective on the Euro
Bordo, Michael D. - 2008
This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10012464832
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International Policy Coordination : The Long View
Eichengreen, Barry - 2011
This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10012460992
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The Rate of Return on Everything, 1870–2015
Jordà, Òscar - 2017
This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...
Persistent link: https://www.econbiz.de/10012453601
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Signals and Stigmas from Banking Interventions : Lessons from the Bank Holiday in 1933
Jaremski, Matthew S.; Richardson, Gary; Vossmeyer, Angela - National Bureau of Economic Research - 2023
next three months. A comprehensive bank-level database reveals the public responded to signals sent by regulators' actions …
Persistent link: https://www.econbiz.de/10014248006
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How do Financial Crises Redistribute Risk?
Mitchener, Kris; Vossmeyer, Angela - National Bureau of Economic Research - 2023
financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level …, we build an econometric model with incidental truncation that jointly considers bank survival, the type of bank closure … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the …
Persistent link: https://www.econbiz.de/10014337771
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Enterprising America : businesses, banks, and credit markets in historical perspective
Collins, William J. (contributor);  … - 2015
-century Massachusetts / Eric Hilt ; comment: Claudia Rei ; The evolution of bank boards of directors in New York,1840-1950 / Howard … Bodenhorn and Eugene N. White -- Bank behavior and credit markets. Did railroads make antebellum U.S. banks more sound? / Jeremy …
Persistent link: https://www.econbiz.de/10011381927
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Productivity Growth in the Automobile Industry, 1970-1980 : A Comparisonof Canada, Japan and the United States
Fuss, Melvyn A. - 1985
Canada, the U.S.and Japan. Utilizing an econometric cost function methodology, we are able to isolate the major source of …
Persistent link: https://www.econbiz.de/10012477344
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Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century
Cette, Gilbert - 2009
growth varies considerably over time and across the four countries, and it is always less important, except in Japan, than … Japan (30%), while TFP levels are very close in France, the United Kingdom and the United States, but much lower (40%) in … Japan …
Persistent link: https://www.econbiz.de/10012463072
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Unraveling the Productivity Growth Slowdown in the U.S., Canada and Japan : The Effects of Subequilibrium, Scale Economies and Markup
Morrison, Catherine J. - 1989
Measures of productivity growth typically include in the Productivity "residual" the impacts of subequilibrium from fixity of factors, costs of adjustment, returns to scale and markups. This paper proposes a general two part framework for adjusting the residual measure to take these impacts into...
Persistent link: https://www.econbiz.de/10012476055