We estimate the pricing determinants for 35,098 payday loans originated in Colorado between 2000 and 2006, and generate a number of results with implications for public policy. We find evidence consistent with classical price competition early in the sample, but as time passed these competitive...

This paper, written in 1949, deals with the significance of Keynes' General Theory. It is argued that there is nothing revolutionary in the tools of analysis, the methodology, or the assumptions embodied in Keynes' "general theory". The General Theory is revolutionary in the same sense in which...

This paper examines the changing role of the International Monetary Fund (IMF) in the world economy in the 1970s and into the 1980s. Though the IMF was established in 1945 by the Bretton Woods Agreement to aid countries with short term balance of payments problems, its role in recent years has...

The structure of Colorado's banking industry has recently undergone significant change and, therefore, provides a good case study with which to gauge the impact of consolidation on sources of loans and access to credit for small business. We find that between 1994 and 1996, lending to small...

Scholars have generally concluded that the assigning of the BHC responsibilities to the Fed in 1956 was primarily based on the historical precedent of the Clayton Act and the Banking Act of 1933 which granted some powers to the Federal Reserve with respect to bank holding companies. This...