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The paper is a study of the price level and relative price effects of a policy to monetize gold and fix its price at a given future time and at the then prevailing nominal price. Price movements are analyzed both during the transition to the gold standard and during the post-monetization period....
Persistent link: https://www.econbiz.de/10012478590
Despite the fact that one-third of worldwide mergers involve firms from different countries, the vast majority of the academic literature on mergers studies domestic mergers. What little has been written about cross-border mergers has focused on public firms, usually from the United States. Yet,...
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The California Gold Rush was an unexpected shock of tremendous size that prompted the costly re-allocation of labor to a frontier region. Using newly-collected archival data, this paper presents estimates of nominal and real wages in Gold Rush California. Consistent with a simple dynamic model...
Persistent link: https://www.econbiz.de/10012472766
Slavery has been a major institution of labor coercion throughout history. Colonial societies used slavery intensively across the Americas, and slavery remained prevalent in most countries after independence from the European powers. We investigate the impact of slavery on long-run development...
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the system, and that merger policies commonly used to deal with troubled financial institutions during crises have …
Persistent link: https://www.econbiz.de/10014337771
This paper describes and considers explanations for changes in corporate governance and merger activity in the United … States since 1980. Corporate governance in the 1980s was dominated by intense merger activity distinguished by the prevalence … of leveraged buyouts (LBOs) and hostility. After a brief decline in the early 1990s, substantial merger activity resumed …
Persistent link: https://www.econbiz.de/10012470504
example, U.S. antitrust agencies lost several hospital merger challenges when evidence showed that a nontrivial fraction of …
Persistent link: https://www.econbiz.de/10012470508