Does an increase in competition increase or decrease bank stability? I use a novel way to
capture changes in banking competition by exploring how the exogenous state-specific …

Competition policy in the banking sector is complicated by the necessity of maintaining
financial stability. Greater competition may be good for (static) efficiency, but bad for financial …

The financial crisis was caused by the complex, constantly growing web of regulations
designed to constrain and redirect modern capitalism. This complexity made investors …

One of the central questions of comparative po liti cal economy is why there is so much more
poverty in the United States than in any other developed country. In any way that we can …

This article surveys the recent empirical literature on historical banking crises, defined as
events taking place before 1980. Advances in data collection and identification have …

Commercial banks are among the oldest and most familiar financial institutions. When they
work well, we hardly notice; when they do not, we rail against them. What are the historical …

The New Deal shaped our nation's politics for decades, and was seen by many as
tantamount to the" American Way" itself. Now, in this superb compact history, Eric Rauchway …

The promotion and support of small and medium-sized enterprises (SMEs) is an essential
component of policies designed to help improve Europe's economic performance. A crucial …

This second edition of The Industrial Organization explores the study of the structure of
individual banks, banking markets, and their interactions. The book has the same two key …

There are two major problems in identifying the output effects of banking panics of the pre–
Great Depression era. First, it is not clear when panics occurred because prior panic series …