An exploration of the cross-sectional relationship between inflation and an array of indicators of financial market conditions, using time-averaged data covering several decades and a large number of countries.

We assess the impact of bank deregulation on the distribution of income in the United States. From the 1970s through the 1990s, most states removed restrictions on intrastate branching, which intensified bank competition and improved bank performance. Exploiting the cross-state, cross-time...

Is banking sector concentration associated with negative outcomes internationally? This paper finds that the answer is "no." Greater bank concentration is not strongly associated with negative outcomes in terms of financial sector development, industrial competition, political and legal system...

(Foreword by Russell L. Ackoff, University of Pennsylvania) A number of my students have had their hackles up ever since the Guidelines appeared. They have been frustrated by their inability to do anything about them. Therefore, when an invitation to contribute to this discussion came to me, I...