. The analysis includes a set of multivariate time series models that relate measures of banking and equity market activity …

The "Federalist financial revolution" may have jump-started the U.S. economy into modern growth, but the Free Banking … System (1837-1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into …

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 …

This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001 …, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance … Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program …

hundred year history. We show that the urban wage premium in the US was remarkably stable over the past two centuries, ranging …

share of the U.S. insurance market until the 1930s, when two developments contributed to their growth. First, concerns about … the stability of the financial system drove investors to products offered by insurance companies, which were perceived to … insurance products. Variable annuity premium payments increased by a factor of five in the most recent five years for which data …