. 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 …

Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear … some resemblance both to ordinary insurance and to financial hedging vehicles. A menu of choices for the design of such … insurance company in effect serves as a retailer to homeowners of short positions in real estate futures markets or of put …

" banking outcomes. Although railroads improved economic conditions along their routes, we offer evidence of another channel …

human history. The paper is only about the United States and views the future from 2007 while pretending that the financial …

The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent …