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Fragile by Design: The Political Origins of Banking Crises and Scarce Credit
Calomiris, Charles W.; Haber, Stephen H. - Princeton University Press
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …
Persistent link: https://www.econbiz.de/10011082760
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Fragile by Design: The Political Origins of Banking Crises and Scarce Credit
Calomiris, Charles W.; Haber, Stephen H. - Princeton University Press
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …
Persistent link: https://www.econbiz.de/10011082767
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Lightning, IT Diffusion, and Economic Growth Across U.S. States
Andersen, Thomas Barnebeck; Bentzen, Jeanet; Dalgaard, … - In: The Review of Economics and Statistics 94 (2012) 4, pp. 903-924
Empirically, a higher frequency of lightning strikes is associated with slower growth in labor productivity across the 48 contiguous U.S. states after 1990; before 1990, there is no correlation between growth and lightning. Other climate variables (e.g., temperature, rainfall, and tornadoes) do not...
Persistent link: https://www.econbiz.de/10011009974