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The promise and performance of the Federal Reserve as lender of last resort 1914-1933

Bordo, Michael D.; Wheelock, David C. - 2010

Persistent link: https://www.econbiz.de/10008668604

Does the structure of banking markets affect economic growth? : evidence from U.S. State banking markets

Mitchener, Kris; Wheelock, David C. - 2010

Persistent link: https://www.econbiz.de/10003935739

Did doubling reserve requirements cause the recession of 1937-1938? : a microeconomic approach

Calomiris, Charles W.; Mason, Joseph R.; Wheelock, David C. - 2011

In 1936-37, the Federal Reserve doubled the reserve requirements imposed on member banks. Ever since, the question of whether the doubling of reserve requirements increased reserve demand and produced a contraction of money and credit, and thereby helped to cause the recession of 1937-1938, has...

Persistent link: https://www.econbiz.de/10008841012

Distributional consequences of capital accumulation, globalisation and financialisation in the US

Karanassou, Marika; Sala, Hector - 2012

functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and … in the US over the 1960-2009 period. We show that the labour share is affected positively by capital intensity and … negatively by trade, while the Gini statistic is fueled by the falling labour share and increasing financial payments. Using …

Persistent link: https://www.econbiz.de/10009562971

Distributional consequences of capital accumulation, globalisation and financialisation in the US

Karanassou, Marika; Sala, Hector - 2017

functional-personal income distribution in the US over the 1968-2014 period. We show that the labour share is affected negatively … by personal inequality, capital intensity and trade, while the Gini statistic is fueled by the falling labour share and … unidirectional factor driving the labour share down since the eighties, and financialisation equally relevant in the eighties, but …

Persistent link: https://www.econbiz.de/10011756104

The founding of the Federal Reserve, the Great Depression and the evolution of the U.S. interbank network

Jaremski, Matthew; Wheelock, David C. - 2019

Financial network structure is an important determinant of systemic risk. This paper examines how the U.S. interbank network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the Great Depression. Banks established connections to...

Persistent link: https://www.econbiz.de/10011997897