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

Calomiris, Charles W. - 2009

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/10012767753

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/10013148371

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

Acemoglu, Daron - 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/10013099537

State Versus Private Ownership

Shleifer, Andrei - 2021

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/10013239155

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

Brunner, Eric J. - 2010

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/10012759207

The Financial Sector in Burundi

Nkurunziza, Janvier - 2012

potentially boost competition, financial innovation, and access to finance with positive effects on growth and poverty reduction …

Persistent link: https://www.econbiz.de/10013102184

Financial Development in 205 Economies, 1960 to 2010

Čihák, Martin - 2013

This paper describes our construction of the Global Financial Development Database and uses the data to compare financial systems around the world. The database provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of (1) size of...

Persistent link: https://www.econbiz.de/10013083757

Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System

Jaremski, Matthew - 2015

Established by a three person committee in 1914, the structure of the Federal Reserve System has remained essentially unchanged ever since, despite criticism at the time and over ensuing decades. With Congress now considering reforms to the System, this paper examines the original selection of...

Persistent link: https://www.econbiz.de/10013015548

Bank-Based or Market-Based Financial Systems : Which is Better?

Levine, Ross - 2008

For over a century, economists and policy makers have debated the relative merits of bank-based versus market-based financial systems. Recent research, however, argues that classifying countries as bank-based or market is not a very fruitful way to distinguish financial systems. This paper...

Persistent link: https://www.econbiz.de/10012774642

Domestic Institutions and the Bypass Effect of Financial Globalization

Ju, Jiandong - 2007

This paper proposes a simple model to study the relationship between domestic institutions - financial system, corporate governance, and property rights protection - and patterns of international capital flows. It studies conditions under which financial globalization can be a substitute for...

Persistent link: https://www.econbiz.de/10012776812

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