The Federal Reserve Act divided Mississippi between the 6th (Atlanta) and 8th (St. Louis)
Districts. During the Great Depression, these districts' policies differed. Atlanta championed …

The banking industry has been subject to extensive government regulation covering what
prices (that is, interest rates) banks can charge, what activities they can engage in, what …

This paper provides a survey of the Great Depression comprising both a narrative account
and a detailed review of the empirical evidence, focusing especially on the experience of the …

Although apparently dwarfed by the magnitude of the recent events, real estate booms and
busts were not unknown in the past. Huge swings in real estate prices and construction …

The history of American banking provides five distinct regulatory/supervisory regimes that
cast light on the difficulties of constructing a regime that will guarantee the efficiency as well …

Regulation of the banking and finance industry may lead to a more equal distribution of
income if regulators pursue goals in the public interest. Alternatively, the economic theory of …

We use a novel data set spanning 1820–1910 to assess the factors leading to the creation of
formal bank supervisory institutions across American states. We show that it took more than …

This essay examines how the Banking Acts of the 1933 and 1935 and related New Deal
legislation influenced risk taking in the financial sector of the US economy. The analysis …

Modern financial institutions are large,'complex, 2 highly interconnected, 3 and--compared
to nonfinancial firms-fragile. 4 Some have become" too-big-to-fail," given the spillover effect …

Ethics is a vigorously contested field. There are many competing moral frameworks, and
different views about how normative considerations should inform the art and craft of …