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. The analysis includes a set of multivariate time series models that relate measures of banking and equity market activity …
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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 …
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" banking outcomes. Although railroads improved economic conditions along their routes, we offer evidence of another channel …
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's early history and marked an improvement over the monetary systems of colonial America and under the Articles of …
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