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Using two sources, Bank of England Transfer Books and Stock Ledgers, this article explores the nature of the customer … base for Bank shares during and after the South Sea Bubble. This examination uncovers the nature of individual …. Activity during the Bubble came from those living in and around London, with most traders participating in the market only …
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We investigate whether saving Wall Street through the Troubled Assets Relief Program (TARP) really saved Main Street during the recent financial crisis. Our difference-in-difference analysis suggests that TARP statistically and economically significantly increased net job creation and net hiring...
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I study the relationship between competition in the banking sector and financial fragility. I identify a new “too big to save” channel through which increased competition amplifies fragility in the banking system. In equilibrium, a more competitive banking system will be larger because more...
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commercial banks, as well as the crisis itself. We rely on the data of the Bank of Estonia. Unfortunately, only consolidated data …
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