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Fabricant, Solomon - 1938

Persistent link: https://www.econbiz.de/10000563668

Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets

Mitchener, Kris James - 2010

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...

Persistent link: https://www.econbiz.de/10012462942

Big Bad Banks? The Impact of U.S. Branch Deregulation on Income Distribution

Beck, Thorsten - 2007

By studying intrastate branch banking reform in the United States, this paper provides evidence that financial markets substantively influence the distribution of income. From the 1970s through the 1990s, most states removed restrictions on intrastate branching, which intensified bank...

Persistent link: https://www.econbiz.de/10012465351

How to Restructure Failed Banking Systems : Lessons from the U.S. in the 1930's and Japan in the 1990's

Calomiris, Charles - 2003

The costs of government assistance to banks depend on the way rescues are managed. The cnetral questions of policy reference do not revolve around whether to bail out banks, but rather around the choice of which banks to rescue and the means for doing so. If a rescue is handled skillfully, the...

Persistent link: https://www.econbiz.de/10012469074

State Fiscal Institutions and the U.S. Municipal Bond Market

Poterba, James M. - 1997

This paper presents new evidence on the effect of state fiscal institutions, particularly balanced-budget rules and restrictions on state debt issuance, on the yields on state general obligation bonds. We analyze information from the Chubb Relative Value Survey, which contains relative...

Persistent link: https://www.econbiz.de/10012472575

The Informational Centrality of Banks

Foley-Fisher, Nathan; Gorton, Gary; Verani, Stéphane - National Bureau of Economic Research - 2023

The equity and debt prices of large nonbank firms contain information about the future state of the banking system. In this sense, banks are informationally central. The amount of this information varies over time and over equity and debt. During a financial crisis banks are, by definition of a...

Persistent link: https://www.econbiz.de/10014447327

Democracy, Capitalism, and Equality : The Importance of Impersonal Rules

Lamoreaux, Naomi R.; Wallis, John Joseph - National Bureau of Economic Research - 2024

We usually consider it progress when a country begins to shift from an autocratic to a democratic form of government … democracy and capitalism--is to move to a governance structure based on impersonal rules that apply in the same way to everyone …

Persistent link: https://www.econbiz.de/10015072872

State Versus Private Ownership

Shleifer, Andrei - 1998

costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of …

Persistent link: https://www.econbiz.de/10012472146

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2012

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more "cuddly" form of capitalism. Paradoxically … equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show …

Persistent link: https://www.econbiz.de/10012460215

Economics and Ideology : Causal Evidence of the Impact of Economic Conditions on Support for Redistribution and Other Ballot Proposals

Brunner, Eric J. - 2008

Using California ballot proposition returns and exogenous shifts to labor demand, we provide the first large-scale causal evidence of the impact of economic conditions on policy preferences. Consistent with economic theory, we find that positive economic shocks decrease support for...

Persistent link: https://www.econbiz.de/10012464554

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