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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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Throughout much of the twentieth century, economists paid little heed to the role of financial intermediaries in procuring a beneficial allocation of capital. But by the end of the century some financial historians had begun to turn the tide, and the phrase 'finance-growth nexus' became part of...
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. 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/10012752907
economic history strongly complements the extensive empirical research by King and Levine (1993) and many others who have … the concept of financial revolutions. They argue based on the history of the Netherlands, Great Britain, the United States … banking system; a central bank; and well- functioning securities markets"-- …
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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 …
Persistent link: https://www.econbiz.de/10013107211
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
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