Showing 1 - 8 of 8
. The analysis includes a set of multivariate time series models that relate measures of banking and equity market activity …
Persistent link: https://www.econbiz.de/10012471335
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 …
Persistent link: https://www.econbiz.de/10012460638
database linked to a census of banking. These data indicate that those counties that already had a bank were more likely to see … railroad. The initial banking system thus helped establish the rail system, while the rapid expansion of railroads helped fill … in the banking map of the American Midwest …
Persistent link: https://www.econbiz.de/10012458467
" banking outcomes. Although railroads improved economic conditions along their routes, we offer evidence of another channel …
Persistent link: https://www.econbiz.de/10012458632
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10012462195
Recent cross-country investigations of the role of institutional fundamentals such as the protection of property rights in promoting financial development have extended a literature that has for decades maintained that financial factors can affect real outcomes. In this paper we pursue this new...
Persistent link: https://www.econbiz.de/10012466634
traditional and more descriptive analyses of these events in the economic history literature, and with results obtained for the …
Persistent link: https://www.econbiz.de/10012469373
We study linkages between financial development, international trade, and long-run growth using data since 1880 for seventeen now-developed "Atlantic" economies and a set of cross-country and dynamic panel data models. We find that finance and trade reinforced each other before 1930, but that...
Persistent link: https://www.econbiz.de/10012461634