Regulation A was established by the U.S. Securities and Exchange Commission in 1936 as a way for small security issues to be exempt from registration. The regulation permits private companies to raise capital from the general public without going through a full-scale public offering. However,...

This paper provides evidence that bank competition reduces gender and racial gaps in entrepreneurship by improving banking services and reducing discrimination. Exploiting the interstate bank deregulation from 1994 to 2021, I find that stronger bank competition increases the quantity and quality...

With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can efficiently relieve ailing banks from toxic...