This paper analyzes the under-investigated relationship uniting financial development and income distribution. We use a novel approach taking into account for the first time the specific channels linking banks, capital markets and income inequality, the time-varying nature of the relationship,...

Financial stability is paramount to the proper functioning of open markets and is deeply affected by financial fragmentation. Both financial stability and financial fragmentation have unintended consequences on optimal currency areas. In this paper, we survey the original optimal currency areas...

The purpose of Technology and Markets for Knowledge is to reconcile two terms that the economic tradition has opposed for a long time: the market and knowledge. The editor and contributors focus on the transformations that affect the processes of creation, accumulation, and exchange of...