This paper uses an unbanked industry to study the impact of government certification on financial access and growth. Marijuana is considered illegal by the Federal law resulting in high financial access costs. I exploit a unique experiment by Washington State that significantly lowered such...

Frontmatter -- Table of Contents -- Introduction -- I. Economic Problems and Development in the Long Run -- II. The Impact of the Colonial Heritage on the Economic Development in the 19th and 20th Centuries -- III. International Economic Relations and their Impact on Economy, State, and Society...