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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/10012471335
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
" banking outcomes. Although railroads improved economic conditions along their routes, we offer evidence of another channel …
Persistent link: https://www.econbiz.de/10012458632
Recent cross-country investigations of the role of institutional fundamentals such as the protection of property rights in promoting financial development have extended a literature that has for decades maintained that financial factors can affect real outcomes. In this paper we pursue this new...
Persistent link: https://www.econbiz.de/10012466634