Results 171 to 180 of about 202,069,537 (298)

Private money and money market integration: The role of payments infrastructure in nineteenth‐century Switzerland

open access: yesThe Economic History Review, EarlyView.
Abstract Using newly collected discount rate data for six Swiss cities from 1846 to 1893, we find no evidence of increasing integration during a 30‐year period of lightly regulated free banking. We attribute this to two structural issues: banks had incentives to ward off competitors by protecting their local monopolies or forming cartels, and there was
Daniel Kaufmann, Rebecca Stuart
wiley   +1 more source

Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed [PDF]

open access: yes
We use the founding of the Federal Reserve as a historical experiment to provide some insight into whether a lender of last resort can stabilize financial markets.
Eric Hughson   +2 more
core  

Banks and the economy: Evidence from the Irish bank strike of 1966

open access: yesThe Economic History Review, EarlyView.
Abstract This paper studies the macroeconomic impact of the Irish bank strike of 1966, which led to the closure of the major commercial banks for 3 months. We collect a variety of new evidence, such as high‐frequency macro data, economic forecasts, micro data and narrative sources.
Emma Horgan, Seán Kenny, Jason Lennard
wiley   +1 more source

Fostering refugees' entrepreneurial instincts: Lessons from the past, learning for the future

open access: yesEuropean Management Review, EarlyView.
Abstract The ongoing global crises have sparked academic discussions on immigration, recognizing it as a key factor in socio‐economic advancement. Immigration is viewed as an essential element of human capital, capable of addressing labor and skill shortages in developed nations.
Gagan Deep Sharma   +4 more
wiley   +1 more source

Environmental Impact Shaping a Firm's Zero Leverage Decision: Analysing Debt Demand and Supply Determinants

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT Zero‐leverage firms remain a puzzle in corporate finance. We propose a supply‐side mechanism linking environmental impact to debt access. Because creditors favour firms with high negative externalities and strong cash flows, environmentally friendly firms with high initial costs face tighter credit constraints.
Paolo Saona   +3 more
wiley   +1 more source

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