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David Wheelock

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Charles W. Calomiris & Joseph Mason & David Wheelock, 2011. "Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach," NBER Working Papers 16688, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Liquidity Regulation is Back
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-04-02 11:29:18
  2. William Poole & Robert H. Rasche & David C. Wheelock, 2011. "The Great Inflation: Did the Shadow Know Better?," NBER Working Papers 16910, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Could the Shadow Open Market Committee have outperfomed the Fed?
      by Economic Logician in Economic Logic on 2011-05-10 18:51:00
  3. Mark A. Carlson & David C. Wheelock, 2014. "Navigating constraints: the evolution of Federal Reserve monetary policy, 1935-59," Working Papers 2014-13, Federal Reserve Bank of St. Louis.

    Mentioned in:

    1. The Fed Goes to War: Part 3
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2020-04-12 15:52:32
    2. Helicopters to the Rescue?
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2020-05-10 14:41:52

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. David C. Wheelock & Mark E. Wohar, 2009. "Can the term spread predict output growth and recessions? a survey of the literature," Review, Federal Reserve Bank of St. Louis, vol. 91(Sep), pages 419-440.

    Mentioned in:

    1. > Econometrics > Forecasting > Forecasting Economic Activity Using Financial Variables

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. David C. Wheelock, 1999. "National monetary policy by regional design: the evolving role of the Federal Reserve banks in Federal Reserve System policy," Working Papers 1998-010, Federal Reserve Bank of St. Louis.

    Mentioned in:

    1. Federal Reserve System in Wikipedia (German)

Working papers

  1. Charles W. Calomiris & Joseph R. Mason & David C. Wheelock, 2022. "Did Doubling Reserve Requirements Cause the 1937-38 Recession? New Evidence on the Impact of Reserve Requirements on Bank Reserve Demand and Lending," Working Papers 2022-011, Federal Reserve Bank of St. Louis, revised 15 Aug 2023.

    Cited by:

    1. Charles W. Calomiris, 2023. "Fiscal Dominance and the Return of Zero-Interest Bank Reserve Requirements," Review, Federal Reserve Bank of St. Louis, vol. 105(4), pages 223-233, October.

  2. Sriya Anbil & Mark A. Carlson & Christopher Hanes & David C. Wheelock, 2020. "A New Daily Federal Funds Rate Series and History of the Federal Funds Market, 1928-1954," Finance and Economics Discussion Series 2020-059, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Jeff W. Huther & Kevin F. Kiernan & Elizabeth C. Klee & Ethan Rodriguez-Shah, 2023. "The FOMC's Use of Operational Targets: 85 Years and Counting," Finance and Economics Discussion Series 2023-039, Board of Governors of the Federal Reserve System (U.S.).
    2. Tarkom, Augustine & Ujah, Nacasius U., 2023. "Inflation, interest rate, and firm efficiency: The impact of policy uncertainty," Journal of International Money and Finance, Elsevier, vol. 131(C).

  3. David C. Wheelock, 2020. "What Can We Learn from the Spanish Flu Pandemic of 1918-19 for COVID-19?," On the Economy 88104, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Howard Bodenhorn, 2020. "Business in a Time of Spanish Influenza," NBER Working Papers 27495, National Bureau of Economic Research, Inc.

  4. Matthew Jaremski & David C. Wheelock, 2019. "The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network," Working Papers 2019-2, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Calomiris, Charles W. & Jaremski, Matthew & Wheelock, David C., 2022. "Interbank connections, contagion and bank distress in the Great Depression✰," Journal of Financial Intermediation, Elsevier, vol. 51(C).
    2. Matthew Jaremski & David C. Wheelock, 2022. "Interbank Networks and the Interregional Transmission of Financial Crises: Evidence from the Panic of 1907," Working Papers 2022-020, Federal Reserve Bank of St. Louis, revised Sep 2023.
    3. Haelim Anderson & Selman Erol & Guillermo Ordoñez, 2020. "Interbank Networks in the Shadows of the Federal Reserve Act," NBER Working Papers 27721, National Bureau of Economic Research, Inc.
    4. Charles M. Kahn & Stephen F. Quinn & William Roberds, 2023. "The Fed and Its Shadow: A Historical View," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2023(6), pages 1-32, October.
    5. Charles W. Calomiris & Matthew S. Jaremski & David C. Wheelock, 2019. "Interbank Connections, Contagion and Bank Distress in the Great Depression," NBER Working Papers 25897, National Bureau of Economic Research, Inc.
    6. Calomiris, Charles W. & Mason, Joseph R. & Wheelock, David C., 2023. "Did doubling reserve requirements cause the 1937–38 recession? New evidence on the impact of reserve requirements on bank reserve demand and lending," Journal of Financial Intermediation, Elsevier, vol. 56(C).
    7. Nicholas Garvin & David W Hughes & José-Luis Peydró, 2021. "The Role of Collateral in Borrowing," RBA Research Discussion Papers rdp2021-01, Reserve Bank of Australia.
    8. Ladley, Daniel & Rousseau, Peter L., 2023. "Panic and propagation in 1873: A network analytic approach," Journal of Banking & Finance, Elsevier, vol. 151(C).
    9. Aldunate, Felipe & Jenter, Dirk & Korteweg, Arthur & Koudijs, Peter, 2021. "Shareholder liability and bank failure," LSE Research Online Documents on Economics 118863, London School of Economics and Political Science, LSE Library.
    10. Matthew Jaremski & David C. Wheelock, 2023. "Theodore Roosevelt, the Election of 1912, and the Founding of the Federal Reserve," Working Papers 2023-008, Federal Reserve Bank of St. Louis, revised Mar 2024.
    11. Sanjiv R. Das & Kris James Mitchener & Angela Vossmeyer, 2022. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(5), pages 1261-1312, August.

  5. David C. Wheelock & Paul W. Wilson, 2019. "New Estimates of the Lerner Index of Market Power for U.S. Banks," Working Papers 2019-012, Federal Reserve Bank of St. Louis, revised 19 Feb 2020.

    Cited by:

    1. Paul W. Wilson & Shirong Zhao, 2022. "Evidence from shadow price of equity on “Too-Big-to-Fail” Banks," Journal of Productivity Analysis, Springer, vol. 57(1), pages 23-40, February.
    2. Zhang, Jingfang & Malikov, Emir, 2022. "Off-balance sheet activities and scope economies in U.S. banking," Journal of Banking & Finance, Elsevier, vol. 141(C).

  6. Charles W. Calomiris & Matthew Jaremski & David C. Wheelock, 2019. "Interbank Connections, Contagion and Bank Distress in the Great Depression," Working Papers 2019-001, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Calomiris, Charles W. & Jaremski, Matthew & Wheelock, David C., 2022. "Interbank connections, contagion and bank distress in the Great Depression✰," Journal of Financial Intermediation, Elsevier, vol. 51(C).
    2. Haelim Anderson & Selman Erol & Guillermo Ordoñez, 2020. "Interbank Networks in the Shadows of the Federal Reserve Act," NBER Working Papers 27721, National Bureau of Economic Research, Inc.
    3. Landaberry, Victoria & Caccioli, Fabio & Rodriguez-Martinez, Anahi & Baron, Andrea & Martinez-Jaramillo, Serafin & Lluberas, Rodrigo, 2021. "The contribution of the intra-firm exposures network to systemic risk," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 2(2).
    4. Chotipong Charoensom & Thaisiri Watewai, 2022. "Optimal Liquidity Control and Systemic Risk in an Interbank Network with Liquidity Shocks and Regime-dependent Interconnectedness," PIER Discussion Papers 175, Puey Ungphakorn Institute for Economic Research.
    5. Andrea Barón & María Victoria Landaberry & Rodrigo Lluberas & Jorge Ponce, 2020. "Commercial and banking credit network in Uruguay," Documentos de trabajo 2020006, Banco Central del Uruguay.
    6. Aldunate, Felipe & Jenter, Dirk & Korteweg, Arthur & Koudijs, Peter, 2021. "Shareholder liability and bank failure," LSE Research Online Documents on Economics 118863, London School of Economics and Political Science, LSE Library.

  7. Matthew Jaremski & David C. Wheelock, 2017. "Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock," Working Papers 2017-36, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Mark A. Carlson & Matthew Jaremski, 2018. "Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the Early 1900s," Finance and Economics Discussion Series 2018-018, Board of Governors of the Federal Reserve System (U.S.).
    2. Charles W. Calomiris & Matthew S. Jaremski, 2023. "Florida (Un)Chained," NBER Working Papers 30914, National Bureau of Economic Research, Inc.
    3. Aaron Kinyu Hoshide, 2022. "Back to the Future: Agricultural Booms, Busts, and Diversification in Maine, USA, 1840–2017," Sustainability, MDPI, vol. 14(23), pages 1-24, November.
    4. Brian Beach & Karen Clay & Martin Saavedra, 2020. "The 1918 Influenza Pandemic and its Lessons for COVID-19," Working Papers 2020-15, The George Washington University, Institute for International Economic Policy.
    5. Hilt, Eric & Jaremski, Matthew & Rahn, Wendy, 2022. "When Uncle Sam introduced Main Street to Wall Street: Liberty Bonds and the transformation of American finance," Journal of Financial Economics, Elsevier, vol. 145(1), pages 194-216.
    6. Jared Hutchins, 2023. "The US farm credit system and agricultural development: Evidence from an early expansion, 1920–1940," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(1), pages 3-26, January.

  8. Mark A Carlson & David C Wheelock, 2016. "Near-money premiums, monetary policy, and the integration of money markets: lessons from deregulation," BIS Working Papers 581, Bank for International Settlements.

    Cited by:

    1. Thakor, Anjan V., 2020. "Fintech and banking: What do we know?," Journal of Financial Intermediation, Elsevier, vol. 41(C).
    2. Kerry Liu, 2018. "Why Does the Negotiable Certificate of Deposit Matter for Chinese Banking?," Economic Affairs, Wiley Blackwell, vol. 38(1), pages 96-105, February.

  9. Mark A Carlson & David C Wheelock, 2016. "Did the founding of the Federal Reserve affect the vulnerability of the interbank system to contagion risk?," BIS Working Papers 598, Bank for International Settlements.

    Cited by:

    1. Matthew Jaremski & David C. Wheelock, 2022. "Interbank Networks and the Interregional Transmission of Financial Crises: Evidence from the Panic of 1907," Working Papers 2022-020, Federal Reserve Bank of St. Louis, revised Sep 2023.
    2. Sanjiv R. Das & Kris James Mitchener & Angela Vossmeyer, 2018. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," NBER Working Papers 25405, National Bureau of Economic Research, Inc.
    3. Matthew S. Jaremski & David C. Wheelock, 2019. "The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network," NBER Working Papers 26034, National Bureau of Economic Research, Inc.
    4. Charles W. Calomiris & Matthew S. Jaremski & David C. Wheelock, 2019. "Interbank Connections, Contagion and Bank Distress in the Great Depression," NBER Working Papers 25897, National Bureau of Economic Research, Inc.
    5. Matthew Jaremski & David C. Wheelock, 2020. "Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(7), pages 1719-1754, October.
    6. Eric Monnet & Francois R. Velde, 2020. "Money, Banking, and Old-School Historical Economics," Working Paper Series WP-2020-28, Federal Reserve Bank of Chicago.
    7. Clemens Jobst & Kilian Rieder, 2023. "Supervision without regulation: Discount limits at the Austro–Hungarian Bank, 1909–13," Economic History Review, Economic History Society, vol. 76(4), pages 1074-1109, November.
    8. Richard Senner & Didier Sornette, 2019. "The Holy Grail of Crypto Currencies: Ready to Replace Fiat Money?," Journal of Economic Issues, Taylor & Francis Journals, vol. 53(4), pages 966-1000, October.
    9. Yener Altunbaş & Salvatore Polizzi & Enzo Scannella & John Thornton, 2022. "European Banking Union and bank risk disclosure: the effects of the Single Supervisory Mechanism," Review of Quantitative Finance and Accounting, Springer, vol. 58(2), pages 649-683, February.
    10. Jaremski, Matthew & Mathy, Gabrial, 2017. "Looking Back On the Age of Checking in America, 1800-1960," MPRA Paper 78083, University Library of Munich, Germany.
    11. Ladley, Daniel & Rousseau, Peter L., 2023. "Panic and propagation in 1873: A network analytic approach," Journal of Banking & Finance, Elsevier, vol. 151(C).
    12. Mark A. Carlson & David C. Wheelock, 2018. "Furnishing an “Elastic Currency”: The Founding of the Fed and the Liquidity of the U.S. Banking System," Review, Federal Reserve Bank of St. Louis, vol. 100(1), pages 17-44.
    13. Anbil, Sriya & Vossmeyer, Angela, 2021. "Liquidity from two lending facilities," Journal of Financial Intermediation, Elsevier, vol. 48(C).
    14. Aldunate, Felipe & Jenter, Dirk & Korteweg, Arthur & Koudijs, Peter, 2021. "Shareholder liability and bank failure," LSE Research Online Documents on Economics 118863, London School of Economics and Political Science, LSE Library.
    15. Mark A. Carlson & Burcu Duygan-Bump, 2018. "“Unconventional” Monetary Policy as Conventional Monetary Policy : A Perspective from the U.S. in the 1920s," Finance and Economics Discussion Series 2018-019, Board of Governors of the Federal Reserve System (U.S.).
    16. Mitchener, Kris & Das, Sanjiv & Vossmeyer, Angela, 2018. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," CEPR Discussion Papers 13416, C.E.P.R. Discussion Papers.
    17. Sanjiv R. Das & Kris James Mitchener & Angela Vossmeyer, 2022. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(5), pages 1261-1312, August.
    18. Tabak, Benjamin Miranda & Silva, Thiago Christiano & Fiche, Marcelo Estrela & Braz, Tércio, 2021. "Citation likelihood analysis of the interbank financial networks literature: A machine learning and bibliometric approach," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 562(C).

  10. Mark A. Carlson & David C. Wheelock, 2016. "Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Systemic Risk?," Finance and Economics Discussion Series 2016-059, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Jaremski, Matthew & Mathy, Gabrial, 2017. "Looking Back On the Age of Checking in America, 1800-1960," MPRA Paper 78083, University Library of Munich, Germany.

  11. Matthew Jaremski & David C. Wheelock, 2015. "Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System," Working Papers 2015-11, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Matthew S. Jaremski & David C. Wheelock, 2019. "The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network," NBER Working Papers 26034, National Bureau of Economic Research, Inc.
    2. Mark A Carlson & David C Wheelock, 2016. "Did the founding of the Federal Reserve affect the vulnerability of the interbank system to contagion risk?," BIS Working Papers 598, Bank for International Settlements.
    3. Mark A. Carlson & David C. Wheelock, 2016. "Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Systemic Risk?," Finance and Economics Discussion Series 2016-059, Board of Governors of the Federal Reserve System (U.S.).
    4. Jaremski, Matthew & Mathy, Gabrial, 2017. "Looking Back On the Age of Checking in America, 1800-1960," MPRA Paper 78083, University Library of Munich, Germany.
    5. Mark A. Carlson & David C. Wheelock, 2018. "Furnishing an “Elastic Currency”: The Founding of the Fed and the Liquidity of the U.S. Banking System," Review, Federal Reserve Bank of St. Louis, vol. 100(1), pages 17-44.
    6. David C. Wheelock, 2015. "Economics and Politics in Selecting Federal Reserve Cities: Why Missouri Has Two Reserve Banks," Review, Federal Reserve Bank of St. Louis, vol. 97(4), pages 269-288.
    7. Stefano Ugolini, 2018. "The Historical Evolution of Central Banking," Post-Print hal-01887004, HAL.

  12. David C. Wheelock & Paul W. Wilson, 2015. "The Evolution of Scale Economies in U.S. Banking," Working Papers 2015-21, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Bossone, Biagio, 2021. "Commercial bank seigniorage and the macroeconomy," International Review of Financial Analysis, Elsevier, vol. 76(C).
    2. Dean Corbae & Pablo D'Erasmo, 2020. "Rising Bank Concentration," NBER Working Papers 26838, National Bureau of Economic Research, Inc.
    3. Yoshiaki Ogura, 2019. "Intensified Lending Competition and Search-for-Yield under Prolonged Monetary Easing," NBER Chapters, in: Financial System, 28th NBER-TCER-CEPR Conference, National Bureau of Economic Research, Inc.
    4. Glass, Anthony J. & Kenjegalieva, Karligash & Weyman-Jones, Thomas, 2020. "The effect of monetary policy on bank competition using the Boone index," European Journal of Operational Research, Elsevier, vol. 282(3), pages 1070-1087.
    5. Karadima, Maria & Louri, Helen, 2021. "Economic policy uncertainty and non-performing loans: The moderating role of bank concentration," Finance Research Letters, Elsevier, vol. 38(C).
    6. Anthony J. Glass & Karligash Kenjegalieva, 2023. "Dynamic returns to scale and geography in U.S. banking," Papers in Regional Science, Wiley Blackwell, vol. 102(1), pages 53-85, February.
    7. Biswas, Swarnava (Sonny) & Koufopoulos, Kostas, 2020. "Bank competition and financing efficiency under asymmetric information," Journal of Corporate Finance, Elsevier, vol. 65(C).
    8. Shaffer, Sherrill & Spierdijk, Laura, 2020. "Measuring multi-product banks’ market power using the Lerner index," Journal of Banking & Finance, Elsevier, vol. 117(C).
    9. Glass, Anthony J. & Kenjegaliev, Amangeldi & Kenjegalieva, Karligash, 2020. "Spatial scale and product mix economies in U.S. banking with simultaneous spillover regimes," European Journal of Operational Research, Elsevier, vol. 284(2), pages 693-711.
    10. Robert McKeown, 2017. "Costs, Size And Returns To Scale Among Canadian And U.s. Commercial Banks," Working Paper 1382, Economics Department, Queen's University.
    11. Dean Corbae & Pablo D'Erasmo, 2021. "Capital Buffers in a Quantitative Model of Banking Industry Dynamics," Working Papers 21-24, Federal Reserve Bank of Philadelphia.
    12. Isakin, Maksim & Serletis, Apostolos, 2019. "Banking technology in a Markov switching economy," Journal of Macroeconomics, Elsevier, vol. 59(C), pages 154-168.
    13. Marc Blatter & Andreas Fuster, 2022. "Scale effects on efficiency and profitability in the Swiss banking sector," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 158(1), pages 1-24, December.
    14. Courty, Pascal, 2021. "Some Economics of Movie Exhibition: Increasing Returns and Imax Revenue Premium," CEPR Discussion Papers 16113, C.E.P.R. Discussion Papers.
    15. Kevork, Ilias S. & Pange, Jenny & Tzeremes, Panayiotis & Tzeremes, Nickolaos G., 2017. "Estimating Malmquist productivity indexes using probabilistic directional distances: An application to the European banking sector," European Journal of Operational Research, Elsevier, vol. 261(3), pages 1125-1140.
    16. Simar, Léopold & Zelenyuk, Valentin & Zhao, Shirong, 2024. "Central Limit Theorems for Directional Distance Functions with and without Undesirable Outputs," LIDAM Discussion Papers ISBA 2024010, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    17. Zhang, Jingfang & Malikov, Emir, 2022. "Off-balance sheet activities and scope economies in U.S. banking," Journal of Banking & Finance, Elsevier, vol. 141(C).
    18. He, Chengying & Huang, Ke & Lin, Jianwu & Wang, Tianqi & Zhang, Zuominyang, 2023. "Explain systemic risk of commodity futures market by dynamic network," International Review of Financial Analysis, Elsevier, vol. 88(C).

  13. Mark A. Carlson & David C. Wheelock, 2015. "Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve," Working Papers 2015-37, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Matthew Jaremski & David C. Wheelock, 2022. "Interbank Networks and the Interregional Transmission of Financial Crises: Evidence from the Panic of 1907," Working Papers 2022-020, Federal Reserve Bank of St. Louis, revised Sep 2023.
    2. Sanjiv R. Das & Kris James Mitchener & Angela Vossmeyer, 2018. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," NBER Working Papers 25405, National Bureau of Economic Research, Inc.
    3. Matthew S. Jaremski & David C. Wheelock, 2019. "The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network," NBER Working Papers 26034, National Bureau of Economic Research, Inc.
    4. Mark A Carlson & David C Wheelock, 2016. "Did the founding of the Federal Reserve affect the vulnerability of the interbank system to contagion risk?," BIS Working Papers 598, Bank for International Settlements.
    5. Mark A. Carlson & David C. Wheelock, 2016. "Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Systemic Risk?," Finance and Economics Discussion Series 2016-059, Board of Governors of the Federal Reserve System (U.S.).
    6. Polyzos, Stathis & Samitas, Aristeidis & Kampouris, Ilias, 2021. "Economic stimulus through bank regulation: Government responses to the COVID-19 crisis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 75(C).
    7. Jieshuang He, 2016. "Endogenous Bank Networks and Contagion," CAEPR Working Papers 2016-005, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    8. Aldunate, Felipe & Jenter, Dirk & Korteweg, Arthur & Koudijs, Peter, 2021. "Shareholder liability and bank failure," LSE Research Online Documents on Economics 118863, London School of Economics and Political Science, LSE Library.
    9. Matthew S. Jaremski & David C. Wheelock, 2015. "Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System," NBER Working Papers 21553, National Bureau of Economic Research, Inc.
    10. Mitchener, Kris & Das, Sanjiv & Vossmeyer, Angela, 2018. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," CEPR Discussion Papers 13416, C.E.P.R. Discussion Papers.
    11. Sanjiv R. Das & Kris James Mitchener & Angela Vossmeyer, 2022. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(5), pages 1261-1312, August.

  14. Mark A. Carlson & David C. Wheelock, 2014. "Navigating constraints: the evolution of Federal Reserve monetary policy, 1935-59," Globalization Institute Working Papers 205, Federal Reserve Bank of Dallas.

    Cited by:

    1. Eric Monnet & Miklos Vari, 2023. "A Dilemma between Liquidity Regulation and Monetary Policy: some History and Theory," PSE-Ecole d'économie de Paris (Postprint) halshs-03954090, HAL.
    2. Jaremski, Matthew & Mathy, Gabriel, 2018. "How was the quantitative easing program of the 1930s Unwound?," Explorations in Economic History, Elsevier, vol. 69(C), pages 27-49.
    3. Michael D. Bordo & Owen F. Humpage, 2014. "Federal Reserve policy and Bretton Woods," Globalization Institute Working Papers 206, Federal Reserve Bank of Dallas.
    4. Daniel L. Thornton & David C. Wheelock, 2014. "Making sense of dissents: a history of FOMC dissents," Review, Federal Reserve Bank of St. Louis, vol. 96(3), pages 213-227.
    5. Mark A Carlson & David C Wheelock, 2016. "Near-money premiums, monetary policy, and the integration of money markets: lessons from deregulation," BIS Working Papers 581, Bank for International Settlements.

  15. Mark A. Carlson & David C. Wheelock, 2012. "The lender of last resort: lessons from the Fed’s first 100 years," Working Papers 2012-056, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Douglas J. Elliott & Greg Feldberg & Andreas Lehnert, 2013. "The history of cyclical macroprudential policy in the United States," Finance and Economics Discussion Series 2013-29, Board of Governors of the Federal Reserve System (U.S.).
    2. Michael D. Bordo, 2014. "Lessons learned for monetary policy from the recent crisis," CASE-CEU Working Papers 0130, CASE-Center for Social and Economic Research.
    3. Mark Carlson & Burcu Duygan-Bump & William Nelson, 2015. "Why do we need both liquidity regulations and a lender of last resort? A perspective from Federal Reserve lending during the 2007-09 US financial crisis," BIS Working Papers 493, Bank for International Settlements.
    4. Ben S. Bernanke, 2013. "A Century of U.S. Central Banking: Goals, Frameworks, Accountability : a speech at the \"The First 100 Years of the Federal Reserve: The Policy Record, Lessons Learned, and Prospects for the Futu," Speech 617, Board of Governors of the Federal Reserve System (U.S.).
    5. Pistor, Katharina, 2013. "A legal theory of finance," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 315-330.
    6. Nijathaworn, Bandid & Chaikhor, Suwatchai & Chotika-arpa, Suppakorn & Sakkankosone, Suchart, 2015. "Monetary Policy and Foreign Exchange Management: Reforming Central Bank Functions in Myanmar," ADB Economics Working Paper Series 431, Asian Development Bank.
    7. Ben S. Bernanke, 2013. "A Century of US Central Banking: Goals, Frameworks, Accountability," Journal of Economic Perspectives, American Economic Association, vol. 27(4), pages 3-16, Fall.

  16. R. Alton Gilbert & Kevin L. Kliesen & Andrew P. Meyer & David C. Wheelock, 2012. "Federal Reserve lending to troubled banks during the financial crisis, 2007-10," Working Papers 2012-006, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Chang, Su-Hsin & Contessi, Silvio & Francis, Johanna L., 2014. "Understanding the accumulation of bank and thrift reserves during the U.S. financial crisis," Journal of Economic Dynamics and Control, Elsevier, vol. 43(C), pages 78-106.
    2. Céline Gauthier & Alfred Lehar & Héctor Pérez Saiz & Moez Souissi, 2015. "Emergency Liquidity Facilities, Signalling and Funding Costs," Staff Working Papers 15-44, Bank of Canada.
    3. Mark A. Carlson & David C. Wheelock, 2012. "The lender of last resort: lessons from the Fed’s first 100 years," Working Papers 2012-056, Federal Reserve Bank of St. Louis.
    4. Mark Carlson & Burcu Duygan-Bump & William Nelson, 2015. "Why do we need both liquidity regulations and a lender of last resort? A perspective from Federal Reserve lending during the 2007-09 US financial crisis," BIS Working Papers 493, Bank for International Settlements.

  17. Michael D. Bordo & David C. Wheelock, 2011. "The promise and performance of the Federal Reserve as Lender of Last Resort 1914-1933," Working Paper 2011/01, Norges Bank.

    Cited by:

    1. Michael D. Bordo & Angela Redish & Hugh Rockoff, 2015. "Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or …)?," Economic History Review, Economic History Society, vol. 68(1), pages 218-243, February.
    2. R. Alton Gilbert & Kevin L. Kliesen & Andrew P. Meyer & David C. Wheelock, 2012. "Federal Reserve lending to troubled banks during the financial crisis, 2007-10," Working Papers 2012-006, Federal Reserve Bank of St. Louis.
    3. Renee Courtois Haltom & Jeffrey M. Lacker, 2013. "Should the Fed Have a Financial Stability Mandate? Lessons from the Fed's first 100 Years," Annual Report, Federal Reserve Bank of Richmond, pages 5-25.
    4. Bazot, Guillaume & Monnet, Eric & Morys, Matthias, 2019. "Taming the gobal financial cycle: Central banks and the sterilization of capital flows in the first era of globalization," IBF Paper Series 03-19, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    5. Michael D. Bordo & John V. Duca, 2020. "How New Fed Corporate Bond Programs Dampened the Financial Accelerator in the COVID-19 Recession," Working Papers 2029, Federal Reserve Bank of Dallas.
    6. Mitchener, Kris & Richardson, Gary, 2016. "Network Contagion and Interbank Amplification during the Great Depression," CEPR Discussion Papers 11164, C.E.P.R. Discussion Papers.
    7. Gary B. Gorton & Andrew Metrick, 2013. "The Federal Reserve and Financial Regulation: The First Hundred Years," NBER Working Papers 19292, National Bureau of Economic Research, Inc.
    8. Michael D. Bordo, 2017. "An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime," NBER Working Papers 24154, National Bureau of Economic Research, Inc.
    9. Bordo, Michael D., 2012. "Could the United States have had a better central bank? An historical counterfactual speculation," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 597-607.
    10. Gary Gorton & Andrew Metrick, 2013. "The Federal Reserve and Panic Prevention: The Roles of Financial Regulation and Lender of Last Resort," Journal of Economic Perspectives, American Economic Association, vol. 27(4), pages 45-64, Fall.
    11. R. Alton Gilbert & Kevin L. Kliesen & Andrew P. Meyer & David C. Wheelock, 2012. "Federal Reserve lending to troubled banks during the financial crisis, 2007-2010," Review, Federal Reserve Bank of St. Louis, vol. 94(May), pages 221-242.
    12. Monnet, Eric & bazot, guillaume & Morys, Matthias, 2019. "Taming the Global Financial Cycle: Central Banks and the Sterilization of Capital Flows in the First Era of Globalization (1891," CEPR Discussion Papers 13895, C.E.P.R. Discussion Papers.
    13. Kris James Mitchener & Gary Richardson, 2013. "Shadowy Banks and Financial Contagion during the Great Depression: A Retrospective on Friedman and Schwartz," American Economic Review, American Economic Association, vol. 103(3), pages 73-78, May.

  18. Calomiris, Charles W. & Mason, Joseph R. & Wheelock, David C., 2011. "Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach," Working Papers 11-03, University of Pennsylvania, Wharton School, Weiss Center.

    Cited by:

    1. Charles W. Calomiris & Mark Carlson, 2014. "Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s," NBER Working Papers 19806, National Bureau of Economic Research, Inc.
    2. Tatom, John A., 2014. "U.S. monetary policy in disarray," Journal of Financial Stability, Elsevier, vol. 12(C), pages 47-58.
    3. Chang, Su-Hsin & Contessi, Silvio & Francis, Johanna L., 2014. "Understanding the accumulation of bank and thrift reserves during the U.S. financial crisis," Journal of Economic Dynamics and Control, Elsevier, vol. 43(C), pages 78-106.
    4. Jaremski, Matthew & Mathy, Gabriel, 2018. "How was the quantitative easing program of the 1930s Unwound?," Explorations in Economic History, Elsevier, vol. 69(C), pages 27-49.
    5. Haelim Park & Patrick Van Horn, 2015. "Did the Reserve Requirement Increases of 1936–37 Reduce Bank Lending? Evidence from a Quasi‐Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(5), pages 791-818, August.
    6. Gabriel P. Mathy, 2014. "Uncertainty Shocks and Equity Return Jumps and Volatility During the Great Depression," Working Papers 2014-02, American University, Department of Economics.
    7. Calomiris, Charles W. & Mason, Joseph R. & Wheelock, David C., 2023. "Did doubling reserve requirements cause the 1937–38 recession? New evidence on the impact of reserve requirements on bank reserve demand and lending," Journal of Financial Intermediation, Elsevier, vol. 56(C).
    8. Pavon-Prado, David, 2022. "The cost of excess reserves and inflation in the United States during the last century," MPRA Paper 112797, University Library of Munich, Germany.
    9. Tsvetomira Tsenova, 2013. "International Monetary Transmission with Bank Heterogeneity and Default Risk," FIW Working Paper series 110, FIW.
    10. Jon Cohen & Kinda Cheryl Hachem & Gary Richardson, 2016. "Relationship Lending and the Great Depression," NBER Working Papers 22891, National Bureau of Economic Research, Inc.
    11. George S. Tavlas, 2016. "New Perspectives on the Great Depression: A Review Essay," International Finance, Wiley Blackwell, vol. 19(3), pages 353-374, December.
    12. Quincy, Sarah, 2022. "Income shocks and housing spillovers: Evidence from the World War I Veterans’ Bonus," Journal of Urban Economics, Elsevier, vol. 132(C).
    13. Douglas A. Irwin, 2011. "Gold Sterilization and the Recession of 1937-38," NBER Working Papers 17595, National Bureau of Economic Research, Inc.
    14. Robert A. Eisenbeis & George G. Kaufman, 2016. "Not All Financial Crises Are Alike!," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(1), pages 1-31, March.

  19. Kris James Mitchener & David C. Wheelock, 2010. "Does the structure of banking markets affect economic growth? evidence from U.S. state banking markets," Working Papers 2010-004, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Varelas Erotokritos, 2015. "Quantity versus Price Bank Competition and Macroeconomic Performance Given Bank Concentration," Review of Economics, De Gruyter, vol. 66(3), pages 251-271, December.
    2. Mark A. Carlson & Matthew Jaremski, 2018. "Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the Early 1900s," Finance and Economics Discussion Series 2018-018, Board of Governors of the Federal Reserve System (U.S.).
    3. Ramana Nanda & Tom Nicholas, 2014. "Did Bank Distress Stifle Innovation During the Great Depression?," NBER Working Papers 20392, National Bureau of Economic Research, Inc.
    4. Víctor Alexánder Díaz Espana, 2014. "Crédito privado, crédito bancario y producto interno bruto: evidencia para una muestra suramericana," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 32(73), pages 104-126, July.
    5. Rodolfo Cermeño & María José Roa, 2013. "Desarrollo financiero, crecimiento y volatidad: Revisión de la literatura reciente," Documentos de Investigación - Research Papers 9, CEMLA.
    6. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    7. José Manuel Pastor & Jose M. Pavía & Lorenzo Serrano & Emili Tortosa-Ausina, 2017. "Rich regions, poor regions and bank branch deregulation in Spain," Regional Studies, Taylor & Francis Journals, vol. 51(11), pages 1678-1694, November.
    8. Philipp Ager & Casper Worm Hansen, 2016. "National Immigration Quotas and Local Economic Growth," Discussion Papers 16-11, University of Copenhagen. Department of Economics.
    9. Rodolfo Cermeño & María Roa García & Claudio González-Vega, 2012. "Financial Development and Volatility of Growth: Time Series Evidence for Mexico and USA," DEGIT Conference Papers c017_035, DEGIT, Dynamics, Economic Growth, and International Trade.
    10. Mohamed Sami Ben Ali & Timoumi Intissar & Rami Zeitun, 2018. "Banking Concentration and Financial Stability. New Evidence from Developed and Developing Countries," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(1), pages 117-134, January.
    11. Habib Hussain Khan & Rubi Binit Ahmad & Chan Sok Gee, 2016. "Market Structure, Financial Dependence and Industrial Growth: Evidence from the Banking Industry in Emerging Asian Economies," PLOS ONE, Public Library of Science, vol. 11(8), pages 1-24, August.
    12. Pradhan, Rudra P. & Arvin, Mak B. & Nair, Mahendhiran & Bennett, Sara E., 2020. "Unveiling the causal relationships among banking competition, stock and insurance market development, and economic growth in Europe," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 74-87.
    13. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    14. Howard Bodenhorn & David Cuberes, 2010. "Financial development and city growth: Evidence from Northeastern American cities, 1790-1870," Working Papers 2010/35, Institut d'Economia de Barcelona (IEB).
    15. Colvin, Christopher L., 2015. "The past, present and future of banking history," QUCEH Working Paper Series 15-05, Queen's University Belfast, Queen's University Centre for Economic History.
    16. Indrit Hoxha, 2013. "The effect of banking market structure on the volatility of growth of manufacturing sectors in developing countries," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 37(4), pages 528-546, October.
    17. Van Son Lai & Xiaoxia Ye & Lu Zhao, 2018. "Are Market Views on Banking Industry Useful for Forecasting Economic Growth?," Working Papers 2018-001, Department of Research, Ipag Business School.
    18. Soldatos, Gerasimos T., 2015. "A Bilateral Monopsony Approach to Lending, and the Hidden Economy in LDCs," MPRA Paper 66896, University Library of Munich, Germany.
    19. Lai, Van Son & Ye, Xiaoxia & Zhao, Lu, 2019. "Are market views on banking industry useful for forecasting economic growth?," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
    20. Rodolfo Cermeño Bazán & María Roa García & Claudio González Vega, 2012. "Financial Development and Growth Volatility: Time Series Evidence for Mexico and The United States," Working papers DTE 544, CIDE, División de Economía.
    21. Jayakumar, Manju & Pradhan, Rudra P. & Dash, Saurav & Maradana, Rana P. & Gaurav, Kunal, 2018. "Banking competition, banking stability, and economic growth: Are feedback effects at work?," Journal of Economics and Business, Elsevier, vol. 96(C), pages 15-41.

  20. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2009. "Inflation, monetary policy and stock market conditions: quantitative evidence from a hybrid latent-variable VAR," Working Papers 2008-012, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Adrian Pagan, 2013. "Patterns and Their Uses," NCER Working Paper Series 96, National Centre for Econometric Research.
    2. Adrian Pagan & Don Harding, 2011. "Econometric Analysis and Prediction of Recurrent Events," CREATES Research Papers 2011-33, Department of Economics and Business Economics, Aarhus University.

  21. David C. Wheelock & Paul W. Wilson, 2009. "Are U.S. banks too large?," Working Papers 2009-054, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Craig P. Aubuchon & David C. Wheelock, 2010. "The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?," Review, Federal Reserve Bank of St. Louis, vol. 92(Sep), pages 395-415.
    2. Breton, R. & Pinto, C. & Weber, P.F., 2012. "Banks, moral hazard, and public debts," Financial Stability Review, Banque de France, issue 16, pages 57-70, April.
    3. Morris Goldstein & Nicolas Veron, 2011. "Too Big to Fail: The Transatlantic Debate," Working Paper Series WP11-2, Peterson Institute for International Economics.
    4. Hou, Xiaohui & Wang, Qing & Li, Cheng, 2015. "Role of off-balance sheet operations on bank scale economies: Evidence from China's banking sector," Emerging Markets Review, Elsevier, vol. 22(C), pages 140-153.

  22. David C. Wheelock & Paul W. Wilson, 2008. "Are credit unions too small?," Working Papers 2008-033, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Modina, Michele & Pietrovito, Filomena & Gallucci, Carmen & Formisano, Vincenzo, 2023. "Predicting SMEs’ default risk: Evidence from bank-firm relationship data," The Quarterly Review of Economics and Finance, Elsevier, vol. 89(C), pages 254-268.
    2. Tarcio Da Silva & Carlos Martins-filho & Eduardo Ribeiro, 2016. "A comparison of nonparametric efficiency estimators: DEA, FDH, DEAC, FDHC, order-m and quantile," Economics Bulletin, AccessEcon, vol. 36(1), pages 118-131.
    3. Jean-Michel Sahut & Faten Ben Bouheni, 2019. "Profitability and Risk-Taking Among Cooperative Banks in the Eurozone," Economics Bulletin, AccessEcon, vol. 39(2), pages 1103-1117.
    4. R. Raymond Sant & Stephen B. Carter, 2015. "Acquired Credit Unions: Drivers of Takeover," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 5(8), pages 18-33, August.
    5. Goddard, John & McKillop, Donal G. & Wilson, John O.S., 2023. "Who consumes the credit union subsidies?," Journal of Financial Stability, Elsevier, vol. 69(C).
    6. Emir Malikov & Diego A. Restrepo-Tobón & Subal C. Kumbhakar, 2018. "Heterogeneous credit union production technologies with endogenous switching and correlated effects," Econometric Reviews, Taylor & Francis Journals, vol. 37(10), pages 1095-1119, November.
    7. Badarinza, Cristian & Campbell, John Y. & Ramadorai, Tarun, 2016. "International Comparative Household Finance," Scholarly Articles 27535132, Harvard University Department of Economics.
    8. Schenkel, Andreas, 2016. "Kosten der Compliance-Regulierung: Eine empirische Untersuchung am Beispiel der deutschen Genossenschaftsbanken," Arbeitspapiere 169, University of Münster, Institute for Cooperatives.
    9. John Goddard & Donal Mckillop & John O. S. Wilson, 2014. "U.S. Credit Unions: Survival, Consolidation, And Growth," Economic Inquiry, Western Economic Association International, vol. 52(1), pages 304-319, January.
    10. Andrew C. Worthington, 2009. "Frontier Efficiency Measurement in Deposit-taking Financial Mutuals: A Review of Techniques, Application, and Future Research Directions," Discussion Papers in Finance finance:200911, Griffith University, Department of Accounting, Finance and Economics.
    11. Wheelock, David C. & Wilson, Paul W., 2013. "The evolution of cost-productivity and efficiency among US credit unions," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 75-88.
    12. R. Raymond Sant & Stephen B. Carter, 2015. "Acquired Credit Unions: Drivers of Takeover," International Journal of Business and Social Research, LAR Center Press, vol. 5(8), pages 18-33, August.
    13. Diego Restrepo-Tobón & Subal Kumbhakar & Kai Sun, 2015. "Obelix vs. Asterix: Size of US commercial banks and its regulatory challenge," Journal of Regulatory Economics, Springer, vol. 48(2), pages 125-168, October.
    14. R. Raymond Sant & Regina W. Schroeder, 2012. "Credit Unions and Capital Adequacy: Managing Growth and Risk," International Journal of Business and Social Research, LAR Center Press, vol. 2(6), pages 241-255, November.
    15. Derek C. Jones & Panu Kalmi, 2012. "Economies of Scale Versus Participation: a Co-operative Dilemma?," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 1(1), pages 37-64, December.
    16. Regmi, Madhav & Featherstone, Allen Merril, 2018. "Differential Taxation In Agricultural Credit Market," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266692, Southern Agricultural Economics Association.
    17. Malikov, Emir & Kumbhakar, Subal C. & Sun, Yiguo, 2016. "Varying coefficient panel data model in the presence of endogenous selectivity and fixed effects," Journal of Econometrics, Elsevier, vol. 190(2), pages 233-251.
    18. Christian Ewerhart & Robertas Zubrickas, 2019. "Social preference and group identity in the financial cooperative," ECON - Working Papers 332, Department of Economics - University of Zurich.
    19. Gregory McKee & Albert Kagan, 2016. "Determinants of recent structural change for small asset U.S. credit unions," Review of Quantitative Finance and Accounting, Springer, vol. 47(3), pages 775-795, October.
    20. R. Raymond Sant & Regina W. Schroeder, 2012. "Credit Unions and Capital Adequacy: Managing Growth and Risk," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 2(6), pages 241-255, November.
    21. McKillop, Donal & French, Declan & Quinn, Barry & Sobiech, Anna L. & Wilson, John O.S., 2020. "Cooperative financial institutions: A review of the literature," International Review of Financial Analysis, Elsevier, vol. 71(C).
    22. Diego A. Restrepo-Tobón & Subal C. Kumbhakar & Kai Sun, 2013. "Are U.S. Commercial Banks Too Big?," Documentos de Trabajo de Valor Público 10943, Universidad EAFIT.
    23. David C. Wheelock & Paul W. Wilson, 2012. "Do Large Banks Have Lower Costs? New Estimates of Returns to Scale for U.S. Banks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(1), pages 171-199, February.
    24. Jordan van Rijn & Shuwei Zeng & Paul Hellman, 2021. "Financial institution objectives and auto loan pricing: Evidence from the survey of consumer finances," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(3), pages 995-1039, September.
    25. Diego Restrepo-Tobón & Subal Kumbhakar, 2015. "Nonparametric estimation of returns to scale using input distance functions: an application to large U.S. banks," Empirical Economics, Springer, vol. 48(1), pages 143-168, February.

  23. David C. Wheelock, 2008. "Government response to home mortgage distress: lessons from the Great Depression," Working Papers 2008-038, Federal Reserve Bank of St. Louis.

    Cited by:

    1. W. Scott Frame & Larry D. Wall & Lawrence J. White, 2012. "The devil's in the tail: residential mortgage finance and the U.S. Treasury," FRB Atlanta Working Paper 2012-12, Federal Reserve Bank of Atlanta.
    2. Donghoon Lee & Joseph Tracy, 2018. "Long-term outcomes of FHA first-time homebuyers," Economic Policy Review, Federal Reserve Bank of New York, issue 24-3, pages 145-165.
    3. Collins, J. Michael & Urban, Carly, 2018. "The effects of a foreclosure moratorium on loan repayment behaviors," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 73-83.
    4. William Goetzmann & Frank Newman, 2010. "Securitizations in the 1920's," Yale School of Management Working Papers amz2668, Yale School of Management.
    5. Postel-Vinay, Natacha, 2016. "What caused Chicago bank failures in the Great Depression? A look at the 1920s," LSE Research Online Documents on Economics 88844, London School of Economics and Political Science, LSE Library.
    6. Jonathan D. Rose, 2011. "The Incredible HOLC? Mortgage Relief during the Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(6), pages 1073-1107, September.
    7. Chwieroth, Jeffrey M. & Walter, Andrew, 2019. "The financialization of mass wealth, banking crises and politics over the long run," LSE Research Online Documents on Economics 100765, London School of Economics and Political Science, LSE Library.

  24. William Poole & Robert H. Rasche & David C. Wheelock, 2008. "The great inflation: did the shadow know better?," Working Papers 2008-032, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Neuenkirch, Matthias & Siklos, Pierre L., 2013. "What's in a second opinion? Shadowing the ECB and the Bank of England," European Journal of Political Economy, Elsevier, vol. 32(C), pages 135-148.

  25. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2008. "Inflation, Monetary Policy and Stock Market Conditions," NBER Working Papers 14019, National Bureau of Economic Research, Inc.

    Cited by:

    1. Majumdar, Raju, 2013. "On the alternative proxies for estimating firm growth in empirical corporate finance literature: Evidence from Indian manufacturing sector," MPRA Paper 44874, University Library of Munich, Germany.
    2. Michael D. Bordo & Joseph G. Haubrich, 2009. "Credit crises, money, and contractions: A historical view," Working Papers (Old Series) 0908, Federal Reserve Bank of Cleveland.
    3. Anthony Olugbenga ADARAMOLA & Peter Akinyemi KAYODE, 2022. "Is Monetary Policy - Stock Price Behaviour Effect Sector-Sensitive? Evidence From Nigeria," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(3), pages 171-193.
    4. Galariotis, Emilios & Makrichoriti, Panagiota & Spyrou, Spyros, 2018. "The impact of conventional and unconventional monetary policy on expectations and sentiment," Journal of Banking & Finance, Elsevier, vol. 86(C), pages 1-20.
    5. Haifa Hammami & Younes Boujelbene, 2017. "Stock market crashes shocks and real economy in Tunisia," International Journal of Accounting and Finance, Inderscience Enterprises Ltd, vol. 7(1), pages 31-48.
    6. Tanya ARAUJO & Sofia TERLICA & Samuel ELEUTERIO & Francisco LOUCA, 2014. "Does evidence challenge the DSGE model," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 2(2), pages 15-24, December.
    7. Ventura, Jaume & Asriyan, Vladimir & Fornaro, Luca & Martín, Alberto, 2019. "Monetary Policy for a Bubbly World," CEPR Discussion Papers 13803, C.E.P.R. Discussion Papers.
    8. Krokida, Styliani-Iris & Makrychoriti, Panagiota & Spyrou, Spyros, 2020. "Monetary policy and herd behavior: International evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 170(C), pages 386-417.
    9. Ricardo Lagos, 2011. "Asset Prices, Liquidity, and Monetary Policy in an Exchange Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 521-552, October.
    10. Castelnuovo, Efrem & Nisticò, Salvatore, 2010. "Stock market conditions and monetary policy in a DSGE model for the U.S," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1700-1731, September.
    11. Manamba EPAPHRA & Evidence SALEMA, 2018. "The impact of macroeconomic variables on stock prices in Tanzania," Journal of Economics Library, KSP Journals, vol. 5(1), pages 12-41, March.
    12. ali, ramsha, 2016. "Impact of inflation on the monetary policy: case study of Pakistan," MPRA Paper 92362, University Library of Munich, Germany.
    13. Rockoff, Hugh & White, Eugene N., 2012. "Monetary Regimes and Policy on a Global Scale: The Oeuvre of Michael D. Bordo," MPRA Paper 49672, University Library of Munich, Germany, revised May 2013.
    14. Murphy, Austin & AlSalman, Zeina, 2023. "Relationships between stock returns and real earnings yields over the last 150 years," Finance Research Letters, Elsevier, vol. 57(C).

  26. R. Alton Gilbert & David C. Wheelock, 2007. "Measuring Commercial Bank Profitability: Proceed With Caution," NFI Working Papers 2007-WP-22, Indiana State University, Scott College of Business, Networks Financial Institute.

    Cited by:

    1. Sabyasachi Mohapatra & Arun Kumar Misra & Marimuthu Murali Kannan, 2020. "Risk factors explaining returns anomaly in emerging market banks – study on Indian banking system," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 44(3), pages 417-433, July.
    2. Russell Kashian & Ronald Tittle & Richard Cummings & Peter Westort, 2018. "Performance and growth among de novo subchapter-s banks," Economics Bulletin, AccessEcon, vol. 38(4), pages 2353-2361.
    3. Gaul, Lewis & Palvia, Ajay, 2013. "Are regulatory management evaluations informative about bank accounting returns and risk?," Journal of Economics and Business, Elsevier, vol. 66(C), pages 1-21.
    4. Roberto Fuentes & Ruben Hernandez-Murillo & Gerard Llobet, 2007. "Strategic online-banking adoption," Working Papers 2006-058, Federal Reserve Bank of St. Louis.
    5. Tatjana Spaseska & Aneta Risteska-Jankuloska & Fanka Risteska & Kosta Sotiroski & Gordana Vitanova & Dragica Odzaklieska, 2017. "Determinants Of Banks’ Profitability In Republic Of Macedonia," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 30-42, April.
    6. Michael Brei & Xi Yang, 2015. "The universal bank model: Synergy or vulnerability?," EconomiX Working Papers 2015-13, University of Paris Nanterre, EconomiX.
    7. Eric W. Hogue & Rajdeep Sengupta, 2014. "The Effect of risk and organizational structures on bank capital ratios," Economic Review, Federal Reserve Bank of Kansas City, issue Q IV, pages 53-70.
    8. Liton Chandro Sarkar, 2022. "Empirical Assessment on the Impact of Leverage and Capital Adequacy on Performance of Non-Bank Financial Institutions in Bangladesh," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 8(2), pages 159-176, April.
    9. Dean F. Amel & Robin A. Prager, 2016. "Community Bank Performance: How Important are Managers?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 48(2), pages 149-180, March.
    10. Banerjee, Sreejata & Velamuri, Malathi, 2015. "The conundrum of profitability versus soundness for banks by ownership type: Evidence from the Indian banking sector," Review of Financial Economics, Elsevier, vol. 26(C), pages 12-24.
    11. Dhiaa Shamki & Ibrahim Alulis & Karima Sayari, 2016. "Financial Information Influencing Commercial Banks Profitability," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(6), pages 166-166, June.
    12. Guohua Feng & Chuan Wang, 2021. "Determinants of profitability of community banks in the USA: a cost-frontier-based decomposition approach," Empirical Economics, Springer, vol. 60(6), pages 2969-2992, June.
    13. Sarwar Uddin Ahmed & G. M. Wali Ullah & Samiul Parvez Ahmed & Ashikur Rahman, 2016. "An Empirical Study on Corporate Governance and Islamic Bank Performance: A Case Study of Bangladesh," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 5(4), pages 01-09, July.
    14. Sreejata Banerjee & Malathi Velamuri, 2015. "The conundrum of profitability versus soundness for banks by ownership type: Evidence from the Indian banking sector," Review of Financial Economics, John Wiley & Sons, vol. 26(1), pages 12-24, September.
    15. Ahmad Aref Almazari, 2013. "Capital Adequacy, Cost Income Ratio and the Performance of Saudi Banks (2007-2011)," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(4), pages 284-293, October.
    16. du Toit, Elda & Cuba, Yolanda Z., 2018. "Cost and profit efficiency of listed South African banks pre and post the financial crisis," Research in International Business and Finance, Elsevier, vol. 45(C), pages 435-445.

  27. David C. Wheelock & Paul W. Wilson, 2007. "Non-parametric, unconditional quantile estimation for efficiency analysis with an application to Federal Reserve check processing operations," Working Papers 2005-027, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Caitlin O’Loughlin & Léopold Simar & Paul W. Wilson, 2023. "Methodologies for assessing government efficiency," Chapters, in: António Afonso & João Tovar Jalles & Ana Venâncio (ed.), Handbook on Public Sector Efficiency, chapter 4, pages 72-101, Edward Elgar Publishing.
    2. Richard Gearhart & Nyakundi Michieka, 2020. "A non-parametric investigation of supply side factors and healthcare efficiency in the U.S," Journal of Productivity Analysis, Springer, vol. 54(1), pages 59-74, August.
    3. Paul W. Wilson & Shirong Zhao, 2023. "Investigating the performance of Chinese banks over 2007–2014," Annals of Operations Research, Springer, vol. 321(1), pages 663-692, February.
    4. Abdelaati Daouia & Jean-Pierre Florens & Léopold Simar, 2020. "Robust frontier estimation from noisy data: a Tikhonov regularization approach," Post-Print hal-02573853, HAL.
    5. Atwood, Joseph & Shaik, Saleem, 2020. "Theory and statistical properties of Quantile Data Envelopment Analysis," European Journal of Operational Research, Elsevier, vol. 286(2), pages 649-661.
    6. Bruffaerts, C. & De Rock, B. & Dehon, C., 2013. "The robustness of the hyperbolic efficiency estimator," Computational Statistics & Data Analysis, Elsevier, vol. 57(1), pages 349-363.
    7. Simar, Leopold & Vanhems, Anne, 2010. "Probabilistic characterization of directional distances and their robust versions," LIDAM Discussion Papers ISBA 2010040, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    8. Abdelaati Daouia & Léopold Simar & Paul W. Wilson, 2017. "Measuring firm performance using nonparametric quantile-type distances," Econometric Reviews, Taylor & Francis Journals, vol. 36(1-3), pages 156-181, March.
    9. José Solana-Ibáñez & Manuel Caravaca-Garratón & Lorena Para-González, 2016. "Two-Stage Data Envelopment Analysis of Spanish Regions: Efficiency Determinants and Stability Analysis," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 10(3), September.
    10. Xie, Shangyu & Wan, Alan T.K. & Zhou, Yong, 2015. "Quantile regression methods with varying-coefficient models for censored data," Computational Statistics & Data Analysis, Elsevier, vol. 88(C), pages 154-172.
    11. Xia, X.H. & Chen, Y.B. & Li, J.S. & Tasawar, H. & Alsaedi, A. & Chen, G.Q., 2014. "Energy regulation in China: Objective selection, potential assessment and responsibility sharing by partial frontier analysis," Energy Policy, Elsevier, vol. 66(C), pages 292-302.
    12. Léopold Simar & Paul Wilson, 2011. "Inference by the m out of n bootstrap in nonparametric frontier models," Journal of Productivity Analysis, Springer, vol. 36(1), pages 33-53, August.
    13. Gearhart, Richard S. & Michieka, Nyakundi M., 2018. "A comparison of the robust conditional order-m estimation and two stage DEA in measuring healthcare efficiency among California counties," Economic Modelling, Elsevier, vol. 73(C), pages 395-406.
    14. Simar, Léopold & Vanhems, Anne & Wilson, Paul W., 2012. "Statistical inference for DEA estimators of directional distances," European Journal of Operational Research, Elsevier, vol. 220(3), pages 853-864.
    15. José Solana‐Ibáñez & Manuel Caravaca‐Garratón & Ricardo Teruel‐Sánchez, 2020. "Stakeholder perception on corporate reputation and management efficiency: Evidence from the Spanish Defence sector," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2381-2399, September.
    16. Simar, Leopold & Wilson, Paul, 2019. "Hypothesis Testing in Nonparametric Models of Production using Multiple Sample Splits," LIDAM Discussion Papers ISBA 2019019, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    17. A. Hackethal & M. Koetter & O. Vins, 2012. "Do government owned banks trade market power for slack?," Applied Economics, Taylor & Francis Journals, vol. 44(33), pages 4275-4290, November.
    18. Zishu Zhan & Yang Li & Yuhong Yang & Cunjie Lin, 2023. "Model averaging for semiparametric varying coefficient quantile regression models," Annals of the Institute of Statistical Mathematics, Springer;The Institute of Statistical Mathematics, vol. 75(4), pages 649-681, August.
    19. Bernardino Benito & José Solana & María-Rocío Moreno, 2014. "Explaining efficiency in municipal services providers," Journal of Productivity Analysis, Springer, vol. 42(3), pages 225-239, December.
    20. Wheelock, David C. & Wilson, Paul W., 2013. "The evolution of cost-productivity and efficiency among US credit unions," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 75-88.
    21. David C. Wheelock & Paul W. Wilson, 2009. "Robust, dynamic nonparametric benchmarking: the evolution of cost-productivity and efficiency among U.S. credit unions," Working Papers 2009-008, Federal Reserve Bank of St. Louis.
    22. Christopher Bruffaerts & Bram De Rock & Catherine Dehon, 2013. "The Research Efficiency of US Universities: a Nonparametric Frontier Modelling Approach," Working Papers ECARES ECARES 2013-31, ULB -- Universite Libre de Bruxelles.
    23. Calogero Guccio & Giacomo Pignataro & Ilde Rizzo, 2014. "Evaluating the efficiency of public procurement contracts for cultural heritage conservation works in Italy," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 38(1), pages 43-70, February.
    24. Christopher Bruffaerts & Bram De Rock & Catherine Dehon, 2014. "Outlier Detection in Nonparametric Frontier Models," Working Papers ECARES ECARES 2014-12, ULB -- Universite Libre de Bruxelles.
    25. Carol Alexander & Jose Maria Sarabia, 2010. "Endogenizing Model Risk to Quantile Estimates," ICMA Centre Discussion Papers in Finance icma-dp2010-07, Henley Business School, University of Reading.
    26. Simar, Leopold & Wilson, Paul, 2015. "Statistical Approaches for Nonparametric Frontier Models: A Guided Tour," LIDAM Reprints ISBA 2015022, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    27. Wilson, Paul W., 2018. "Dimension reduction in nonparametric models of production," European Journal of Operational Research, Elsevier, vol. 267(1), pages 349-367.
    28. Song, Junmo & Oh, Dong-hyun & Kang, Jiwon, 2017. "Robust estimation in stochastic frontier models," Computational Statistics & Data Analysis, Elsevier, vol. 105(C), pages 243-267.
    29. Kourtesi, Sofia & De Witte, Kristof & Polymeros, Apostolos, 2016. "Technical Efficiency in the Agricultural Sector - Evidence from a Conditional Quantile-Based Approach," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 17(2), June.
    30. Gearhart, Richard & Michieka, Nyakundi & Anders, Anne, 2023. "The effectiveness of COVID deaths to COVID policies: A robust conditional approach," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 376-394.
    31. Gearhart Richard, 2019. "The Impact of Secondary Environmental Variables on OECD Healthcare Efficiency: A Robust Conditional Approach," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 19(2), pages 1-16, April.
    32. Daouia, Abdelaati & Florens, Jean-Pierre & Simar, Léopold, 2018. "Robustified expected maximum production frontiers," TSE Working Papers 17-890, Toulouse School of Economics (TSE).
    33. Ghulam, Yaseen & Jaffry, Shabbar, 2015. "Efficiency and productivity of the cement industry: Pakistani experience of deregulation and privatisation," Omega, Elsevier, vol. 54(C), pages 101-115.
    34. Gregory McKee & Albert Kagan, 2016. "Determinants of recent structural change for small asset U.S. credit unions," Review of Quantitative Finance and Accounting, Springer, vol. 47(3), pages 775-795, October.
    35. Mamatzakis, E & Koutsomanoli-Filippaki, Anastasia & Pasiouras, Fotios, 2012. "A quantile regression approach to bank efficiency measurement," MPRA Paper 51879, University Library of Munich, Germany.
    36. Mei-Ying Huang & Jia-Ching Juo & Tsu-tan Fu, 2015. "Metafrontier cost Malmquist productivity index: an application to Taiwanese and Chinese commercial banks," Journal of Productivity Analysis, Springer, vol. 44(3), pages 321-335, December.
    37. Madalina STOICA & Anamaria ALDEA, 2016. "Efficiency Of Teaching And Research Activities In Romanian Universities: An Order – Alpha Partial Frontiers Approach," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(4), pages 169-186.
    38. Ghulam, Yaseen & Mousa, Wael I., 2019. "Estimation of productivity growth in the Saudi higher education sector," Technological Forecasting and Social Change, Elsevier, vol. 149(C).

  28. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2007. "Monetary policy and stock market booms and busts in the 20th century," Working Papers 2007-020, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Laopodis, Nikiforos T., 2013. "Monetary policy and stock market dynamics across monetary regimes," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 381-406.
    2. Taipalus, Katja, 2012. "Detecting asset price bubbles with time-series methods," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2012_047.
    3. Stefanescu, Razvan & Dumitriu, Ramona, 2010. "Impact of the global crisis on the linkages between the interest rates and the stock prices in Romania," MPRA Paper 36716, University Library of Munich, Germany, revised 16 Feb 2011.
    4. Bekiros, Stelios & Nilavongse, Rachatar & Uddin, Gazi Salah, 2020. "Expectation-driven house prices and debt defaults: The effectiveness of monetary and macroprudential policies," Journal of Financial Stability, Elsevier, vol. 49(C).
    5. Aldo Musacchio, 2010. "Law and Finance c. 1900," NBER Working Papers 16216, National Bureau of Economic Research, Inc.
    6. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2009. "Inflation, monetary policy and stock market conditions: quantitative evidence from a hybrid latent-variable VAR," Working Papers 2008-012, Federal Reserve Bank of St. Louis.
    7. Castelnuovo, Efrem & Nisticò, Salvatore, 2010. "Stock market conditions and monetary policy in a DSGE model for the U.S," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1700-1731, September.
    8. Kuk Mo Jung & Ju Hyun Pyun, 2020. "A Long-Run Approach to Money, Unemployment and Equity Prices," Working Papers 2001, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
    9. Jung, Kuk Mo & Pyun, Ju Hyun, 2023. "A long-run approach to money, unemployment, and equity prices," Economic Modelling, Elsevier, vol. 125(C).
    10. Ricardo Lagos & Shengxing Zhang, 2018. "A Monetary Model of Bilateral Over-the-Counter Markets," NBER Working Papers 25239, National Bureau of Economic Research, Inc.
    11. Badamvaanchig, Mungunzul & Islam, Moinul & Kakinaka, Makoto, 2021. "Pass-through of commodity price to Mongolian stock price: Symmetric or asymmetric?," Resources Policy, Elsevier, vol. 70(C).
    12. Shaturaev, Jakhongir, 2023. "Impact of Cryptocurrency Market on the Performance of Stock Market- An Empirical Study," MPRA Paper 118244, University Library of Munich, Germany, revised 12 May 2023.
    13. Lichao Cheng & Yi Jin & Zhixiong Zeng, 2011. "Asset Prices, Monetary Policy, and Aggregate Fluctuations: An Empirical Investigation," Monash Economics Working Papers 13-11, Monash University, Department of Economics.
    14. Tillmann, Peter, 2016. "Unconventional monetary policy and the spillovers to emerging markets," Journal of International Money and Finance, Elsevier, vol. 66(C), pages 136-156.
    15. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2008. "Inflation, Monetary Policy and Stock Market Conditions," NBER Working Papers 14019, National Bureau of Economic Research, Inc.
    16. Bradley Jones, 2015. "Asset Bubbles: Re-thinking Policy for the Age of Asset Management," IMF Working Papers 2015/027, International Monetary Fund.
    17. Cheng, Lichao & Jin, Yi, 2013. "Asset prices, monetary policy, and aggregate fluctuations: An empirical investigation," Economics Letters, Elsevier, vol. 119(1), pages 24-27.

  29. Michael D. Bordo & David C. Wheelock, 2006. "When do stock market booms occur? the macroeconomic and policy environments of 20th century booms," Working Papers 2006-051, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Don Harding & Adrian Pagan, 2009. "An econometric analysis of some models for constructed binary time series," CAMA Working Papers 2009-08, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    2. Imran Hussain Shah & Ahmad Hassan Ahmad, 2017. "How important is the financial sector to price indices in an inflation targeting regime? An empirical analysis of the UK and the US," Review of Quantitative Finance and Accounting, Springer, vol. 48(4), pages 1063-1082, May.
    3. Charles Calomiris, 2009. "Banking Crises and the Rules of the Game," NBER Working Papers 15403, National Bureau of Economic Research, Inc.
    4. Michael D. Bordo & David C. Wheelock, 2007. "Stock market booms and monetary policy in the twentieth century," Review, Federal Reserve Bank of St. Louis, vol. 89(Mar), pages 91-122.

  30. Thomas A. Garrett & David C. Wheelock, 2006. "Why did income growth vary across states during the Great Depression?," Working Papers 2005-013, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Daniele Coen-Pirani & Michael Wooley, 2018. "Fiscal Centralization: Theory and Evidence from the Great Depression," American Economic Journal: Economic Policy, American Economic Association, vol. 10(2), pages 39-61, May.
    2. Duque, Valentina & Schmitz, Lauren L., 2020. "The Influence of Early-life Economic Shocks on Long-term Outcomes: Evidence from the U.S. Great Depression," Working Papers 2020-11, University of Sydney, School of Economics.
    3. Connor, Dylan Shane & Kemeny, Tom & Storper, Michael, 2023. "Frontier workers, and the seedbeds of inequality and prosperity," SocArXiv d93sj, Center for Open Science.
    4. Price Fishback, 2010. "US monetary and fiscal policy in the 1930s," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(3), pages 385-413, Autumn.
    5. Price V. Fishback & Valentina Kachanovskaya, 2010. "In Search of the Multiplier for Federal Spending in the States During the Great Depression," NBER Working Papers 16561, National Bureau of Economic Research, Inc.

  31. Thomas A. Garrett & Gary A. Wagner & David C. Wheelock, 2005. "Regional disparities in the spatial correlation of state income growth," Working Papers 2005-061, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Carlos Díaz-Venegas, 2014. "Identifying the Confounders of Marginalization and Mortality in Mexico, 2003–2007," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 118(2), pages 851-875, September.

  32. Thomas A. Garrett & Gary A. Wagner & David C. Wheelock, 2005. "A spatial analysis of state banking regulation," Working Papers 2003-044, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Craig P. Aubuchon & David C. Wheelock, 2010. "The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?," Review, Federal Reserve Bank of St. Louis, vol. 92(Sep), pages 395-415.
    2. Cletus C. Coughlin & Thomas A. Garrett & Ruben Hernandez-Murillo, 2006. "The geography, economics, and politics of lottery adoption," Review, Federal Reserve Bank of St. Louis, vol. 88(May), pages 165-180.
    3. David C. Wheelock, 2011. "Banking industry consolidation and market structure: impact of the financial crisis and recession," Review, Federal Reserve Bank of St. Louis, vol. 93(Nov), pages 419-438.
    4. Thomas Garrett & Gary Wagner & David Wheelock, 2007. "Regional disparities in the spatial correlation of state income growth, 1977–2002," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 41(3), pages 601-618, September.
    5. Belasen, Ariel R. & Hafer, R.W., 2013. "Do Changes in Economic Freedom affect Well-Being?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 43(1).
    6. Cristian Barra & Anna Papaccio & Nazzareno Ruggiero, 2023. "Basel accords and banking inefficiency: Evidence from the Italian local market," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 4079-4119, October.
    7. Shlomie Hazam & Daniel Felsenstein, 2007. "Terror, Fear and Behaviour in the Jerusalem Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 44(13), pages 2529-2546, December.
    8. George Crowley, 2012. "Spatial dependence in constitutional constraints: the case of US states," Constitutional Political Economy, Springer, vol. 23(2), pages 134-165, June.
    9. Huang, Rocco, 2007. "Evaluating the real effect of bank branching deregulation: comparing contiguous counties across U.S. state borders," Working Paper Series 788, European Central Bank.
    10. Chen, Ting-Hsuan & Lee, Chien-Chiang, 2020. "Spatial analysis of liquidity risk in China," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    11. Thomas A. Garrett & Gary A. Wagner & David C. Wheelock, 2005. "Regional disparities in the spatial correlation of state income growth," Working Papers 2005-061, Federal Reserve Bank of St. Louis.

  33. Michael D. Bordo & David C. Wheelock, 2004. "Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms," NBER Working Papers 10704, National Bureau of Economic Research, Inc.

    Cited by:

    1. Dai, Meixing & Sidiropoulos, Moïse, 2005. "Flexibility in inflation targeting, financial markets and macroeconomic stability," MPRA Paper 13864, University Library of Munich, Germany.
    2. Laopodis, Nikiforos T., 2013. "Monetary policy and stock market dynamics across monetary regimes," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 381-406.
    3. David Laidler & Robin Banerjee, 2008. "Unstable Foundations: Assets Markets, Inflation Targets, and Canada's 2011 Policy Choices," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 278, December.
    4. Kaufmann, Sylvia & Valderrama, Maria Teresa, 2007. "The role of credit aggregates and asset prices in the transmission mechanism: a comparison between the euro area and the US," Working Paper Series 816, European Central Bank.
    5. Michael D. Bordo & John Landon-Lane, 2013. "Does Expansionary Monetary Policy Cause Asset Price Booms; Some Historical and Empirical Evidence," NBER Working Papers 19585, National Bureau of Economic Research, Inc.
    6. Berlemann, Michael & Freese, Julia, 2010. "Monetary policy and real estate prices: A disaggregated analysis for Switzerland," HWWI Research Papers 2-19, Hamburg Institute of International Economics (HWWI).
    7. Philipp Bagus, 2008. "Monetary policy as bad medicine: The volatile relationship between business cycles and asset prices," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(4), pages 283-300, December.
    8. Michael D. Bordo & David C. Wheelock, 2006. "When do stock market booms occur? the macroeconomic and policy environments of 20th century booms," Working Papers 2006-051, Federal Reserve Bank of St. Louis.
    9. A. Bruggeman & M. Hradisky & V. Périlleux, 2005. "Share prices, house prices and monetary policy," Economic Review, National Bank of Belgium, issue iii, pages 65-78, September.
    10. Bjørnland, Hilde C. & Leitemo, Kai, 2005. "Identifying the interdependence between US monetary policy and the stock market," Bank of Finland Research Discussion Papers 17/2005, Bank of Finland.
    11. Lawrence J. Christiano & Cosmin Ilut & Roberto Motto & Massimo Rostagno, 2010. "Monetary policy and stock market booms," FRB Atlanta CQER Working Paper 2010-08, Federal Reserve Bank of Atlanta.
    12. Joshua Aizenman & Rajeswari Sengupta, 2011. "Global Imbalances: Is Germany the New China? A Skeptical View," Open Economies Review, Springer, vol. 22(3), pages 387-400, July.
    13. David le Bris, 2018. "What is a market crash?," Economic History Review, Economic History Society, vol. 71(2), pages 480-505, May.
    14. Koivu, Tuuli, 2012. "Monetary policy, asset prices and consumption in China," Economic Systems, Elsevier, vol. 36(2), pages 307-325.
    15. Riccardo DiCecio & Edward Nelson, 2013. "The Great Inflation in the United States and the United Kingdom: Reconciling Policy Decisions and Data Outcomes," NBER Chapters, in: The Great Inflation: The Rebirth of Modern Central Banking, pages 393-438, National Bureau of Economic Research, Inc.
    16. Juhro, Solikin M. & Iyke, Bernard Njindan & Narayan, Paresh Kumar, 2021. "Interdependence between monetary policy and asset prices in ASEAN-5 countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 75(C).
    17. Michel Bordo & John Lando-Lane, 2013. "Does Expansionary Monetary Policy Cause Asset Price Booms? Some Historical and Empirical Evidence," Working Papers Central Bank of Chile 710, Central Bank of Chile.
    18. Anastasios G. Malliaris & Ramaprasad Bhar, 2011. "Dividends, Momentum, and Macroeconomic Variables as Determinants of the US Equity Premium Across Economic Regimes," Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 3(1), pages 27-53, April.
    19. Marta Areosa. Waldyr Areosa, 2012. "Asset Prices and Monetary Policy – A sticky-dispersed information model," Working Papers Series 285, Central Bank of Brazil, Research Department.
    20. Booth, Philip, 2014. "Monetary policy, asset prices and financial institutions," Annals of Actuarial Science, Cambridge University Press, vol. 8(1), pages 9-41, March.
    21. Beatrice Simo-Kengne & Stephen Miller & Rangan Gupta & Mehmet Balcilar, 2016. "Evolution of the Monetary Transmission Mechanism in the US: the Role of Asset Returns," The Journal of Real Estate Finance and Economics, Springer, vol. 52(3), pages 226-243, April.
    22. Koivu, Tuuli, 2010. "Monetary policy, asset prices and consumption in China," BOFIT Discussion Papers 18/2010, Bank of Finland Institute for Emerging Economies (BOFIT).
    23. Michael D. Bordo & John Landon-Lane, 2013. "What Explains House Price Booms?: History and Empirical Evidence," NBER Working Papers 19584, National Bureau of Economic Research, Inc.
    24. Nikiforos Laopodis, 2010. "Dynamic linkages between monetary policy and the stock market," Review of Quantitative Finance and Accounting, Springer, vol. 35(3), pages 271-293, October.
    25. Amir Khordehfrosh Dilmaghani & Amir Mansour Tehranchian, 2015. "The Impact of Monetary Policies on the Exchange Rate: A GMM Approach," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 19(2), pages 177-191, Spring.
    26. Cedric L. Mbanga & Ali F. Darrat, 2016. "Fiscal policy and the US stock market," Review of Quantitative Finance and Accounting, Springer, vol. 47(4), pages 987-1002, November.
    27. Beatrice D. Simo-Kengne & Stephen M. Miller & Rangan Gupta, 2013. "Evolution of Monetary Policy in the US: The Role of Asset Prices," Working papers 2013-20, University of Connecticut, Department of Economics, revised Dec 2013.
    28. Cedric Mbanga & Ali F. Darrat & Jung Chul Park, 2019. "Investor sentiment and aggregate stock returns: the role of investor attention," Review of Quantitative Finance and Accounting, Springer, vol. 53(2), pages 397-428, August.
    29. Rockoff, Hugh & White, Eugene N., 2012. "Monetary Regimes and Policy on a Global Scale: The Oeuvre of Michael D. Bordo," MPRA Paper 49672, University Library of Munich, Germany, revised May 2013.
    30. Lillian Cheung & Chi-Sang Tam, 2009. "Role of Credit in Equity Market Booms and Busts," Working Papers 0904, Hong Kong Monetary Authority.
    31. Ioanna Kokores, 2015. "Lean-Against-the-Wind Monetary Policy: The Post-Crisis Shift in the Literature," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 65(3-4), pages 66-99, july-Dece.
    32. Borgy, Vladimir & Clerc, Laurent & Renne, Jean-Paul, 2014. "Measuring aggregate risk: Can we robustly identify asset-price boom–bust cycles?," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 132-150.
    33. Michael D. Bordo & David C. Wheelock, 2007. "Stock market booms and monetary policy in the twentieth century," Review, Federal Reserve Bank of St. Louis, vol. 89(Mar), pages 91-122.
    34. Bradley Jones, 2015. "Asset Bubbles: Re-thinking Policy for the Age of Asset Management," IMF Working Papers 2015/027, International Monetary Fund.

  34. Paul W. Wilson & David C. Wheelock, 2004. "Robust Nonparametric Estimation of Efficiency and Technical Change in U.S. Commercial Banking," Econometric Society 2004 North American Summer Meetings 433, Econometric Society.

    Cited by:

    1. Alex Coad & Tom Broekel, 2011. "Firm growth and productivity growth: evidence from a panel VAR," Post-Print hal-00670760, HAL.
    2. David C. Wheelock & Paul W. Wilson, 2007. "Non-parametric, unconditional quantile estimation for efficiency analysis with an application to Federal Reserve check processing operations," Working Papers 2005-027, Federal Reserve Bank of St. Louis.
    3. Vaneet Bhatia & Sankarshan Basu & Subrata Kumar Mitra & Pradyumna Dash, 2018. "A review of bank efficiency and productivity," OPSEARCH, Springer;Operational Research Society of India, vol. 55(3), pages 557-600, November.
    4. Santiago Herrera & Gaobo Pang, 2006. "Efficiency Of Infrastructure: The Case Of Container Ports," Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting] 124, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    5. Astrid Cullmann & Christian von Hirschhausen, 2007. "From Transition to Competition: Dynamic Efficiency Analysis of Polish Electricity Distribution Companies," Discussion Papers of DIW Berlin 716, DIW Berlin, German Institute for Economic Research.
    6. Santiago Herrera & Gaobo Pang, 2006. "How Efficient is Public Spending in Education?," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 24(51), pages 136-201, June.
    7. World Bank, 2009. "Belarus Agricultural Productivity and Competitiveness : Impact of State Support and Market Intervention," World Bank Publications - Reports 18897, The World Bank Group.
    8. Ljubica Nedelkoska, 2010. "Occupations at risk: The task content and job stability," Jena Economics Research Papers 2010-024, Friedrich-Schiller-University Jena.
    9. Cristina Suárez & Justo Jorge, 2010. "Efficiency convergence processes and effects of regulation in the nonspecialized retail sector in Spain," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 44(3), pages 573-597, June.
    10. Hariom Gurjar & Akhilesh Tripathi & Mahesh C. Joshi, 2021. "The Bank Efficiency through Off-Balance Sheet Items’ Window: A Malmquist Approach," Vision, , vol. 25(4), pages 448-459, December.
    11. Wheelock, David C. & Wilson, Paul W., 2013. "The evolution of cost-productivity and efficiency among US credit unions," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 75-88.
    12. Anatoly Pilyavsky & Matthias Staat, 2008. "Efficiency and productivity change in Ukrainian health care," Journal of Productivity Analysis, Springer, vol. 29(2), pages 143-154, April.
    13. Alda A. Henriques & Milton Fontes & Ana S. Camanho & Giovanna D’Inverno & Pedro Amorim & Jaime Gabriel Silva, 2022. "Performance evaluation of problematic samples: a robust nonparametric approach for wastewater treatment plants," Annals of Operations Research, Springer, vol. 315(1), pages 193-220, August.
    14. Herrera, Santiago & Pang, Gaobo, 2005. "Efficiency of public spending in developing countries : an efficiency frontier approach," Policy Research Working Paper Series 3645, The World Bank.
    15. Kevork, Ilias S. & Pange, Jenny & Tzeremes, Panayiotis & Tzeremes, Nickolaos G., 2017. "Estimating Malmquist productivity indexes using probabilistic directional distances: An application to the European banking sector," European Journal of Operational Research, Elsevier, vol. 261(3), pages 1125-1140.
    16. Mustapha D. Ibrahim & Sahand Daneshvar & Mevhibe B. Hocaoğlu & Olasehinde-Williams G. Oluseye, 2019. "An Estimation of the Efficiency and Productivity of Healthcare Systems in Sub-Saharan Africa: Health-Centred Millennium Development Goal-Based Evidence," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(1), pages 371-389, May.
    17. Jean-Paul Chavas & Kwansoo Kim, 2015. "Nonparametric analysis of technology and productivity under non-convexity: a neighborhood-based approach," Journal of Productivity Analysis, Springer, vol. 43(1), pages 59-74, February.
    18. Besstremyannaya, Galina, 2017. "Heterogeneous effect of the global financial crisis and the Great East Japan Earthquake on costs of Japanese banks," Journal of Empirical Finance, Elsevier, vol. 42(C), pages 66-89.
    19. Tom Broekel, 2015. "Do Cooperative Research and Development (R&D) Subsidies Stimulate Regional Innovation Efficiency? Evidence from Germany," Regional Studies, Taylor & Francis Journals, vol. 49(7), pages 1087-1110, July.
    20. Brandon Pope & Andrew Johnson, 2013. "Returns to scope: a metric for production synergies demonstrated for hospital production," Journal of Productivity Analysis, Springer, vol. 40(2), pages 239-250, October.
    21. Binder, Martin & Broekel, Tom, 2008. "Conversion Efficiency as a Complementing Measure of Welfare in Capability Space," MPRA Paper 7583, University Library of Munich, Germany.
    22. Ghulam, Yaseen & Mousa, Wael I., 2019. "Estimation of productivity growth in the Saudi higher education sector," Technological Forecasting and Social Change, Elsevier, vol. 149(C).
    23. Nickolaos G Tzeremes, 2019. "Hotel productivity: A robust Luenberger productivity indicator," Tourism Economics, , vol. 25(6), pages 987-996, September.

  35. David C. Wheelock & Paul W. Wilson, 2002. "Consolidation in US banking: which banks engage in mergers?," Working Papers 2001-003, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Ron Boschma & Matté Hartog, 2014. "Merger and Acquisition Activity as Driver of Spatial Clustering: The Spatial Evolution of the Dutch Banking Industry, 1850–1993," Economic Geography, Clark University, vol. 90(3), pages 247-266, July.
    2. Ryan R. Brady & Victoria A. Greenfield, 2010. "COMPETING EXPLANATIONS OF U.S. DEFENSE INDUSTRY CONSOLIDATION IN THE 1990s AND THEIR POLICY IMPLICATIONS," Contemporary Economic Policy, Western Economic Association International, vol. 28(2), pages 288-306, April.
    3. Ly, Kim Cuong & Liu, Hong & Opong, Kwaku, 2017. "Who acquires whom among stand-alone commercial banks and bank holding company affiliates?," International Review of Financial Analysis, Elsevier, vol. 54(C), pages 144-158.
    4. Koetter, M. & Bos, J.W.B. & Heid, F. & Kolari, J.W. & Kool, C.J.M. & Porath, D., 2007. "Accounting for distress in bank mergers," Journal of Banking & Finance, Elsevier, vol. 31(10), pages 3200-3217, October.
    5. Christian E. Weller, 2008. "Credit Access, the Costs of Credit and Credit Market Discrimination," Working Papers wp171, Political Economy Research Institute, University of Massachusetts at Amherst.
    6. Mehrez Ben Slama & Dhafer Saidane & Hassouna Fedhila, 2012. "How to identify targets in the M&A banking operations? Case of cross-border strategies in Europe by line of activity," Review of Quantitative Finance and Accounting, Springer, vol. 38(2), pages 209-240, February.
    7. Chung-Hua Shen & Yehning Chen & Hsing-Hua Hsu & Chih-Yung Lin, 2020. "Banking Crises and Market Timing: Evidence from M&As in the Banking Sector," Journal of Financial Services Research, Springer;Western Finance Association, vol. 57(3), pages 315-347, June.
    8. Wei-Kang Wang & Wen-Min Lu & Yu-Han Wang, 2013. "The relationship between bank performance and intellectual capital in East Asia," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(2), pages 1041-1062, February.
    9. Begoña Torre Olmo & María Cantero Saiz & Sergio Sanfilippo Azofra, 2021. "Sustainable Banking, Market Power, and Efficiency: Effects on Banks’ Profitability and Risk," Sustainability, MDPI, vol. 13(3), pages 1-24, January.
    10. Pasiouras, Fotios & Gaganis, Chrysovalantis & Zopounidis, Constantin, 2010. "Multicriteria classification models for the identification of targets and acquirers in the Asian banking sector," European Journal of Operational Research, Elsevier, vol. 204(2), pages 328-335, July.
    11. Bos, J.W.B. & Koetter, M. & Kolari, J.W. & Kool, C.J.M., 2009. "Effects of heterogeneity on bank efficiency scores," European Journal of Operational Research, Elsevier, vol. 195(1), pages 251-261, May.
    12. Pasiouras, Fotios & Tanna, Sailesh & Zopounidis, Constantin, 2007. "The identification of acquisition targets in the EU banking industry: An application of multicriteria approaches," International Review of Financial Analysis, Elsevier, vol. 16(3), pages 262-281.
    13. Sailesh Tanna & Ibrahim Yousef & Matthias Nnadi, 2020. "Probability of mergers and acquisitions deal failure," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 13(1), pages 1-30, May.
    14. Wilson, John O.S. & Casu, Barbara & Girardone, Claudia & Molyneux, Philip, 2010. "Emerging themes in banking: Recent literature and directions for future research," The British Accounting Review, Elsevier, vol. 42(3), pages 153-169.
    15. Chiorazzo, Vincenzo & D'Apice, Vincenzo & DeYoung, Robert & Morelli, Pierluigi, 2018. "Is the traditional banking model a survivor?," Journal of Banking & Finance, Elsevier, vol. 97(C), pages 238-256.
    16. Adriana Cobas & Alexandros Maziotis & Andrés Villegas, 2023. "Measurement of Efficiency and its Drivers in the Chilean Banking Industry," Working Papers Central Bank of Chile 987, Central Bank of Chile.
    17. Wang, Wei-Kang & Lu, Wen-Min & Lin, Yi-Ling, 2012. "Does corporate governance play an important role in BHC performance? Evidence from the U.S," Economic Modelling, Elsevier, vol. 29(3), pages 751-760.
    18. Fotios Pasiouras & Chrysovalantis Gaganis, 2009. "Are the financial characteristics of acquired banks similar across the EU? Evidence from the principal markets," Applied Economics Letters, Taylor & Francis Journals, vol. 16(6), pages 619-623.
    19. César Orosco, 2007. "Random utility models of demand for the U.S. commercial banking industry," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 22(2), pages 47-74, December.
    20. García-Alonso, Carlos R. & Salvador-Carulla, Luis & Fernández-Rodríguez, Vicente, 2015. "Evaluation of system efficiency using the Monte Carlo DEA: The case of small health areasAuthor-Name: Torres-Jiménez, Mercedes," European Journal of Operational Research, Elsevier, vol. 242(2), pages 525-535.
    21. Pasiouras, Fotios & Tanna, Sailesh, 2010. "The prediction of bank acquisition targets with discriminant and logit analyses: Methodological issues and empirical evidence," Research in International Business and Finance, Elsevier, vol. 24(1), pages 39-61, January.
    22. Valkanov, Emil & Kleimeier, Stefanie, 2007. "The role of regulatory capital in international bank mergers and acquisitions," Research in International Business and Finance, Elsevier, vol. 21(1), pages 50-68, January.
    23. Sergio SANFILIPPO AZOFRA & Maria CANTERO SAIZ & Begona TORRE OLMO & Carlos LOPEZ GUTIERREZ, 2013. "Financial Crises, Concentration and Efficiency: Effects on Performance and Risk of Banks," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 63(6), pages 537-558, December.
    24. Christian E. Weller, 2007. "Have Differences in Credit Access Diminished in an Era of Financial Market Deregulation?," Working Papers wp144, Political Economy Research Institute, University of Massachusetts at Amherst.
    25. Joan Calzada & Xavier Fageda & Fernando Martínez-Santos, 2023. "Mergers and bank branches: two decades of evidence from the USA," Empirical Economics, Springer, vol. 64(5), pages 2411-2447, May.
    26. Candida Bussoli & Danilo Conte & Marco Barone, 2023. "The Impact of FinTech Merge Operation on Financial Performance: Evidence from a Banking International Sample," International Journal of Business and Management, Canadian Center of Science and Education, vol. 18(2), pages 1-72, June.
    27. Kosmidou, Kyriaki & Pasiouras, Fotios & Tsaklanganos, Angelos, 2007. "Domestic and multinational determinants of foreign bank profits: The case of Greek banks operating abroad," Journal of Multinational Financial Management, Elsevier, vol. 17(1), pages 1-15, February.
    28. Matias Huhtilainen & Jani Saastamoinen & Niko Suhonen, 2022. "Determinants of mergers and acquisitions among Finnish cooperative and savings banks," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(3), pages 339-349, September.

  36. R. Alton Gilbert & David C. Wheelock & Paul W. Wilson, 2002. "New evidence on the Fed's productivity in providing payments services," Working Papers 2002-020, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Robert DeYoung & William Hunter & Gregory Udell, 2004. "The Past, Present, and Probable Future for Community Banks," Journal of Financial Services Research, Springer;Western Finance Association, vol. 25(2), pages 85-133, April.
    2. David C. Wheelock & Paul W. Wilson, 2007. "Non-parametric, unconditional quantile estimation for efficiency analysis with an application to Federal Reserve check processing operations," Working Papers 2005-027, Federal Reserve Bank of St. Louis.
    3. Michelle L. Barnes & Jose A. Lopez, 2005. "Alternative measures of the Federal Reserve banks' cost of equity capital," Public Policy Discussion Paper 05-2, Federal Reserve Bank of Boston.
    4. Faridah Djellal & Faïz Gallouj, 2006. "Les services publics à l’épreuve de la productivité et la productivité à l’épreuve des services publics," Post-Print halshs-01113831, HAL.
    5. Loretta J. Mester, 2003. "Applying efficiency measurement techniques to central banks," Working Papers 03-13, Federal Reserve Bank of Philadelphia.
    6. Faridah Djellal & Faïz Gallouj, 2009. "Public services and the productivity challenge," Working Papers hal-01111797, HAL.
    7. Jaffry, Shabbar & Ghulam, Yaseen & Cox, Joe, 2008. "Labour use efficiency in the Indian and Pakistani commercial banks," Journal of Asian Economics, Elsevier, vol. 19(3), pages 259-293, June.
    8. Curi, Claudia & Gitto, Simone & Mancuso, Paolo, 2011. "New evidence on the efficiency of Italian airports: A bootstrapped DEA analysis," Socio-Economic Planning Sciences, Elsevier, vol. 45(2), pages 84-93, June.
    9. Edward J. Green & Jose A. Lopez & Zhenyu Wang, 2003. "Formulating the imputed cost of equity capital for priced services at Federal Reserve banks," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 55-81.

  37. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2001. "Aggregate price shocks and financial instability: a historical analysis," Working Papers 2000-005, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2001. "Aggregate Price Shocks and Financial Stability: The United Kingdom 1796-1999," NBER Working Papers 8583, National Bureau of Economic Research, Inc.
    2. Eiji Yamamura, 2013. "Institution and decomposition of natural disaster impact on growth," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 40(6), pages 720-738, October.
    3. Juan S. Lemus-Esquivel & Carlos A. Quicazán-Moreno & Jorge L. Hurtado-Guarín & Angélica Lizarazo-Cuéllar, 2015. "Financial Soundness Index for the Private Corporate Sector in Colombia," Borradores de Economia 13415, Banco de la Republica.
    4. Mikhail V. Oet & John M. Dooley & Stephen J. Ong, 2015. "The Financial Stress Index: Identification of Systemic Risk Conditions," Risks, MDPI, vol. 3(3), pages 1-25, September.
    5. Claudio Borio, 2011. "Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges, and a Way Forward," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 87-117, December.
    6. Mejía Cubillos, Javier, 2012. "Propuesta metodológica para el cálculo del riesgo sistémico financiero en estudios de Historia Económica: Aplicación para el caso de la banca libre en Antioquia, 1888 [A methodology for assessing f," MPRA Paper 35460, University Library of Munich, Germany.
    7. Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance & Francesco Saraceno, 2015. "Assessing the link between price and financial stability," Post-Print hal-03399269, HAL.
    8. Michael D. Bordo & John Landon-Lane, 2013. "Does Expansionary Monetary Policy Cause Asset Price Booms; Some Historical and Empirical Evidence," NBER Working Papers 19585, National Bureau of Economic Research, Inc.
    9. Berlemann, Michael & Freese, Julia, 2010. "Monetary policy and real estate prices: A disaggregated analysis for Switzerland," HWWI Research Papers 2-19, Hamburg Institute of International Economics (HWWI).
    10. Lesia Tyshchenko & Attila Csajbok, 2017. "A Financial Stress Index for Ukraine," Visnyk of the National Bank of Ukraine, National Bank of Ukraine, issue 240, pages 5-13.
    11. Emmanuel C. Mamatzakis & Mike G. Tsionas, 2021. "A Bayesian panel stochastic volatility measure of financial stability," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5363-5384, October.
    12. Michael D. Bordo & David C. Wheelock, 2004. "Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms," NBER Working Papers 10704, National Bureau of Economic Research, Inc.
    13. Mansour Ishrakieh, Layal & Dagher, Leila & El Hariri, Sadika, 2018. "The Institute of Financial Economics Financial Stress Index (IFEFSI) for Lebanon," MPRA Paper 116054, University Library of Munich, Germany.
    14. Sun, Lixin & Huang, Yuqin, 2013. "Measuring the Instability of China’s Financial System: Indices Construction and an Early Warning System," MPRA Paper 68497, University Library of Munich, Germany, revised 2014.
    15. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2000. "Aggregate Price Shocks and Financial Instability: An Historical Analysis," NBER Historical Working Papers 0125, National Bureau of Economic Research, Inc.
    16. Sarno, Lucio & Wohar, Mark, 2003. "Monetary Fundamentals and Exchange Rate Dynamics Under Different Nominal Regimes," Computing in Economics and Finance 2003 310, Society for Computational Economics.
    17. Obregon, Carlos, 2018. "Globalización visiones equivocadas [Globalization misguided views]," MPRA Paper 86396, University Library of Munich, Germany.
    18. Layal MansourIshrakieh & Leila Dagher & Sadika El Hariri, 2020. "A financial stress index for a highly dollarized developing country : The case of Lebanon," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 20(2), pages 43-52.
    19. Louzis, Dimitrios & Vouldis, Angelos, 2013. "A financial systemic stress index for Greece," Working Paper Series 1563, European Central Bank.
    20. Claudio Borio & Mathias Drehmann, 2009. "Towards an Operational Framework for Financial Stability: "Fuzzy" Measurement and its Consequences," Working Papers Central Bank of Chile 544, Central Bank of Chile.
    21. Oet, Mikhail V. & Gramlich, Dieter & Sarlin, Peter, 2016. "Evaluating measures of adverse financial conditions," Journal of Financial Stability, Elsevier, vol. 27(C), pages 234-249.
    22. Blomkvist, Katarina & Kappen, Philip & Zander, Ivo, 2023. "Weathering storms – Technological exploration of MNCs in times of financial crisis," Journal of World Business, Elsevier, vol. 58(2).
    23. Phan, Dinh Hoang Bach & Iyke, Bernard Njindan & Sharma, Susan Sunila & Affandi, Yoga, 2021. "Economic policy uncertainty and financial stability–Is there a relation?," Economic Modelling, Elsevier, vol. 94(C), pages 1018-1029.
    24. Nizar El Ouni & Faouzi Miled & Manelle Lahdhiri, 2014. "Disconnection between the Financial Sphere and the Real Sphere: Theoretical Foundations and Empirical Investigation," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(4), pages 95-103, October.
    25. Carolyn Currie, 2003. "Towards a General Theory of Financial Regulation: Predicting, Measuring and Preventing Financial Crises," Working Paper Series 132, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    26. Timothy Bianco & Dieter Gramlich & Mikhail V. Oet & Stephen J. Ong, 2012. "Financial stress index: a lens for supervising the financial system," Working Papers (Old Series) 12-37, Federal Reserve Bank of Cleveland.
    27. Illing, Mark & Liu, Ying, 2006. "Measuring financial stress in a developed country: An application to Canada," Journal of Financial Stability, Elsevier, vol. 2(3), pages 243-265, October.
    28. Afanasyeva, Elena, 2012. "Atypical Behavior of Money and Credit: Evidence From Conditional Forecasts," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 65405, Verein für Socialpolitik / German Economic Association.
    29. Jaimes Caruana, 2013. "Measuring Systemic Risk," Chapters, in: Andreas Dombret & Otto Lucius (ed.), Stability of the Financial System, chapter 9, Edward Elgar Publishing.
    30. Shen, Chung-Hua & Lin, Kun-Li & Guo, Na, 2016. "Hawk or dove: Switching regression model for the monetary policy reaction function in China," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 94-111.
    31. María Fernanda Meneses-González & Javier Eliecer Pirateque-Niño & Santiago David Segovia-Baquero, 2019. "Indicadores de alerta temprana para el sector corporativo privado colombiano," Borradores de Economia 1084, Banco de la Republica de Colombia.
    32. Bihari, Péter, 2019. "Szempontok a jegybank mandátumának újragondolásához [Perspectives for a review of the central bank mandate]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1241-1256.
    33. Michael Bordo, 2000. "Sound Money and Sound Financial Policy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(2), pages 129-155, December.
    34. Li, Yanshuang & Zhuang, Xintian & Wang, Jian & Zhang, Weiping, 2020. "Analysis of the impact of Sino-US trade friction on China’s stock market based on complex networks," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    35. Currie, Carolyn, 2006. "A new theory of financial regulation: Predicting, measuring and preventing financial crises," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(1), pages 48-71, February.
    36. Angela Roman & Irina Bilan, 2009. "The monetary policy and the financial stability in the context of globalization," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 56, pages 143-156, November.
    37. Ronny Mazzocchi, 2013. "Investment-Saving Imbalances with Endogenous Capital Stock," DEM Discussion Papers 2013/14, Department of Economics and Management.
    38. Gunther Tichy, 2020. "Zur Prognostizierbarkeit von Krisen," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(3), pages 193-206, March.
    39. Peter Spahn, 2010. "Asset Prices, Inflation and Monetary Control - Re-inventing Money as a Policy Tool," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 323/2010, Department of Economics, University of Hohenheim, Germany.
    40. Levieuge, Grégory & Lucotte, Yannick & Pradines-Jobet, Florian, 2021. "The cost of banking crises: Does the policy framework matter?," Journal of International Money and Finance, Elsevier, vol. 110(C).
    41. Antoine Ngakosso, 2016. "Monetary Policy and Financial Stability: A CEMAC Zone Case Study," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(7), pages 244-244, July.
    42. Adam Koronowski, 2010. "Monetary Policy and Financial (In)Stability," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 4(2), June.
    43. Chau, Frankie & Deesomsak, Rataporn, 2014. "Does linkage fuel the fire? The transmission of financial stress across the markets," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 57-70.
    44. Gabriele Galati & Richhild Moessner, 2013. "Macroprudential Policy – A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 27(5), pages 846-878, December.
    45. Peltonen, Tuomas A. & Lo Duca, Marco, 2011. "Macro-financial vulnerabilities and future financial stress: assessing systemic risks and predicting systemic events," Working Paper Series 1311, European Central Bank.
    46. Michel Bordo & John Lando-Lane, 2013. "Does Expansionary Monetary Policy Cause Asset Price Booms? Some Historical and Empirical Evidence," Working Papers Central Bank of Chile 710, Central Bank of Chile.
    47. Gertler, Pavel & Hofmann, Boris, 2018. "Monetary facts revisited," Journal of International Money and Finance, Elsevier, vol. 86(C), pages 154-170.
    48. Zelazny Jan, 2016. "Financialization and Commodity Market Stability," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 12(4), pages 33-42, December.
    49. Bruzda, Joanna, 2019. "Complex analytic wavelets in the measurement of macroeconomic risks," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    50. Gertjan W. Vlieghe, 2001. "Indicators of fragility in the UK corporate sector," Bank of England working papers 146, Bank of England.
    51. Mark Illing & Ying Liu, 2003. "An Index of Financial Stress for Canada," Staff Working Papers 03-14, Bank of Canada.
    52. Patnaik, Ila & Mittal, Shalini & Pandey, Radhika, 2019. "Examining the trade-off between price and financial stability in India," Working Papers 19/248, National Institute of Public Finance and Policy.
    53. Mansour-Ichrakieh, Layal & Zeaiter, Hussein, 2019. "The role of geopolitical risks on the Turkish economy opportunity or threat," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    54. Timothy Bianco & Ryan Eiben & Dieter Gramlich & Mikhail V. Oet & Stephen J. Ong & Jing Wang, 2011. "SAFE: An early warning system for systemic banking risk," Working Papers (Old Series) 1129, Federal Reserve Bank of Cleveland.
    55. Albulescu, Claudiu Tiberiu, 2010. "Forecasting The Romanian Financial System Stability Using A Stochastic Simulation Model," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 81-98, March.
    56. Franco Bruni, 2011. "Rules for Money and Rules for Finance: A New Relationship After the Crisis?," Chapters, in: Christopher J. Green & Eric J. Pentecost & Tom Weyman-Jones (ed.), The Financial Crisis and the Regulation of Finance, chapter 8, Edward Elgar Publishing.
    57. Dieter Gramlich & Mikhail V. Oet & Stephen J. Ong, 2013. "Policy in adaptive financial markets—the use of systemic risk early warning tools," Working Papers (Old Series) 1309, Federal Reserve Bank of Cleveland.
    58. Afanasyeva, Elena, 2013. "Atypical behavior of credit: Evidence from a monetary VAR," IMFS Working Paper Series 70, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    59. Beatrice Simo-Kengne & Stephen Miller & Rangan Gupta & Mehmet Balcilar, 2016. "Evolution of the Monetary Transmission Mechanism in the US: the Role of Asset Returns," The Journal of Real Estate Finance and Economics, Springer, vol. 52(3), pages 226-243, April.
    60. Juan Francisco Martínez & José Miguel Matus & Daniel Oda, 2018. "Taxonomy of Chilean Financial Fragility Periods from 1975 to 2017," Working Papers Central Bank of Chile 822, Central Bank of Chile.
    61. Bank for International Settlements, 2010. "Macroprudential instruments and frameworks: a stocktaking of issues and experiences," CGFS Papers, Bank for International Settlements, number 38, december.
    62. Berlinger, Edina & Váradi, Kata & Dömötör, Barbara & Illés, Ferenc, 2016. "A tőzsdei elszámolóházak vesztesége [The loss from central clearing houses]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 993-1010.
    63. Elke Hanschel & Pierre Monnin, 2005. "Measuring and forecasting stress in the banking sector: evidence from Switzerland," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 431-49, Bank for International Settlements.
    64. Obregon, Carlos, 2018. "Globalization misguided views," MPRA Paper 85813, University Library of Munich, Germany.
    65. Marlon Fritz & Thomas Gries & Lukas Wiechers, 2022. "An Early Indicator for Anomalous Stock Market Performance," Working Papers CIE 153, Paderborn University, CIE Center for International Economics.
    66. Eric Tymoigne, 2006. "Asset Prices, Financial Fragility, and Central Banking," Economics Working Paper Archive wp_456, Levy Economics Institute.
    67. Ronny Mazzocchi, 2013. "Scope and Flaws of the New Neoclassical Synthesis," DEM Discussion Papers 2013/13, Department of Economics and Management.
    68. Beatrice D. Simo-Kengne & Stephen M. Miller & Rangan Gupta, 2013. "Evolution of Monetary Policy in the US: The Role of Asset Prices," Working papers 2013-20, University of Connecticut, Department of Economics, revised Dec 2013.
    69. Blaise Gadanecz & Kaushik Jayaram, 2009. "Measures of financial stability - a review," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring financial innovation and its impact", Basel, 26-27 August 2008, volume 31, pages 365-380, Bank for International Settlements.
    70. Gernát, Peter & Košťálová, Zuzana & Lyócsa, Štefan, 2020. "What drives U.S. financial sector volatility? A Bayesian model averaging perspective," Research in International Business and Finance, Elsevier, vol. 51(C).
    71. Rockoff, Hugh & White, Eugene N., 2012. "Monetary Regimes and Policy on a Global Scale: The Oeuvre of Michael D. Bordo," MPRA Paper 49672, University Library of Munich, Germany, revised May 2013.
    72. Magdalena Erdem & Kostas Tsatsaronis, 2013. "Financial conditions and economic activity: a statistical approach," BIS Quarterly Review, Bank for International Settlements, March.
    73. Louzis, Dimitrios P. & Vouldis, Angelos T., 2012. "A methodology for constructing a financial systemic stress index: An application to Greece," Economic Modelling, Elsevier, vol. 29(4), pages 1228-1241.
    74. Ionut Mircea, 2015. "Macroprudential policies on banking system," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 21(1), pages 86-105, May.
    75. Marius Constantin Apostoaie, 2010. "Consideration on the price stability – financial stability relationship in the context of financial globalization," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 15.
    76. Ronny Mazzocchi, 2013. "Intertemporal Coordination Failure and Monetary Policy," DEM Discussion Papers 2013/15, Department of Economics and Management.
    77. Mejía Cubillos, Javier, 2012. "Medición del riesgo sistémico financiero en estudios de historia económica : propuesta metodológica y aplicación para la banca libre en Antioquia, 1888," Borradores Departamento de Economía 17481, Universidad de Antioquia, CIE.
    78. Mikhail V. Oet & John M. Dooley & Amanda C. Janosko & Dieter Gramlich & Stephen J. Ong, 2015. "Supervising System Stress in Multiple Markets," Risks, MDPI, vol. 3(3), pages 1-25, September.
    79. Lo Luca, Marco & Peltonen, Tuomas, 2011. "Macro-financial vulnerabilities and future financial stress: Assessing systemic risks and predicting systemic events," BOFIT Discussion Papers 2/2011, Bank of Finland Institute for Emerging Economies (BOFIT).
    80. Marie Brière & Kamal Chancari, 2004. "Perception des risques sur les marchés, construction d'un indice élaboré à partir des smiles d'options et test de stratégies," Revue d'économie politique, Dalloz, vol. 114(4), pages 527-555.
    81. Jan Kakes & Cees Ullersma, 2003. "Financial stability in low-inflation environments," BIS Papers chapters, in: Bank for International Settlements (ed.), Monetary policy in a changing environment, volume 19, pages 355-367, Bank for International Settlements.
    82. Mr. Plamen K Iossifov, 2021. "Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis," IMF Working Papers 2021/028, International Monetary Fund.
    83. Polat, Onur & Ozkan, Ibrahim, 2019. "Transmission mechanisms of financial stress into economic activity in Turkey," Journal of Policy Modeling, Elsevier, vol. 41(2), pages 395-415.

  38. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2001. "Aggregate price shocks and financial stability: the United Kingdom 1796-1999," Working Papers 2001-018, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Brown, William Jr. & Burdekin, Richard C.K. & Weidenmier, Marc D., 2006. "Volatility in an era of reduced uncertainty: Lessons from Pax Britannica," Journal of Financial Economics, Elsevier, vol. 79(3), pages 693-707, March.
    2. Deba Prasad Rath & Rudra Sensarma, 2006. "Money-Price Variability and Asset Prices Volatility: Evidence from India," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 4(2), pages 59-74, July.
    3. Michael D. Bordo & John Landon-Lane, 2013. "Does Expansionary Monetary Policy Cause Asset Price Booms; Some Historical and Empirical Evidence," NBER Working Papers 19585, National Bureau of Economic Research, Inc.
    4. Obregon, Carlos, 2018. "Globalización visiones equivocadas [Globalization misguided views]," MPRA Paper 86396, University Library of Munich, Germany.
    5. M.Ayhan Kose & Peter S. O. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Can this time be different? Policy options in times of rising debt," CAMA Working Papers 2020-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Shen, Chung-Hua & Lin, Kun-Li & Guo, Na, 2016. "Hawk or dove: Switching regression model for the monetary policy reaction function in China," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 94-111.
    7. Angela Roman & Irina Bilan, 2009. "The monetary policy and the financial stability in the context of globalization," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 56, pages 143-156, November.
    8. Zelazny Jan, 2016. "Financialization and Commodity Market Stability," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 12(4), pages 33-42, December.
    9. Shakir, Tamarah & Tong, Matthew, 2014. "The interaction of the FPC and the MPC," Bank of England Quarterly Bulletin, Bank of England, vol. 54(4), pages 396-408.
    10. Campbell, Gareth & Coyle, Christopher & Turner, John D., 2016. "This time is different: Causes and consequences of British banking instability over the long run," Journal of Financial Stability, Elsevier, vol. 27(C), pages 74-94.
    11. Beatrice Simo-Kengne & Stephen Miller & Rangan Gupta & Mehmet Balcilar, 2016. "Evolution of the Monetary Transmission Mechanism in the US: the Role of Asset Returns," The Journal of Real Estate Finance and Economics, Springer, vol. 52(3), pages 226-243, April.
    12. Michael D. Bordo & John Landon-Lane, 2013. "What Explains House Price Booms?: History and Empirical Evidence," NBER Working Papers 19584, National Bureau of Economic Research, Inc.
    13. Obregon, Carlos, 2018. "Globalization misguided views," MPRA Paper 85813, University Library of Munich, Germany.
    14. Kenny, Seán & Lennard, Jason & Turner, John D., 2021. "The macroeconomic effects of banking crises: Evidence from the United Kingdom, 1750–1938," Explorations in Economic History, Elsevier, vol. 79(C).
    15. Beatrice D. Simo-Kengne & Stephen M. Miller & Rangan Gupta, 2013. "Evolution of Monetary Policy in the US: The Role of Asset Prices," Working papers 2013-20, University of Connecticut, Department of Economics, revised Dec 2013.
    16. Rockoff, Hugh & White, Eugene N., 2012. "Monetary Regimes and Policy on a Global Scale: The Oeuvre of Michael D. Bordo," MPRA Paper 49672, University Library of Munich, Germany, revised May 2013.
    17. Marius Constantin Apostoaie, 2010. "Consideration on the price stability – financial stability relationship in the context of financial globalization," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 15.
    18. Giandomenico Piluso & Roberto Ricciuti, 2008. "Fiscal Policy and the Banking System in Italy. Have Taxes, Public Spending and Banks been Procyclical in the Long-Run?," CESifo Working Paper Series 2442, CESifo.

  39. David C. Wheelock, 1999. "National monetary policy by regional design: the evolving role of the Federal Reserve banks in Federal Reserve System policy," Working Papers 1998-010, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Andrew Hughes Hallett & Laura Piscitelli, 2002. "Does One Size Fit All? A currency union with asymmetric transmissions and a stability pact," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(1), pages 71-96.
    2. Qing Ma & Susheng Wang, 2022. "Boundary of the firm with endogenous firm structure," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(4), pages 797-816, December.
    3. Owen F. Humpage, 2023. "On the Origins of the Federal Reserve System and Its Structure," Working Papers 23-17, Federal Reserve Bank of Cleveland.

  40. David C. Wheelock & Paul W. Wilson, 1999. "The contribution of on-site examination ratings to an emprircal model of bank failures," Working Papers 1999-023, Federal Reserve Bank of St. Louis.

    Cited by:

    1. David C. Wheelock & Paul W. Wilson, 2002. "Consolidation in US banking: which banks engage in mergers?," Working Papers 2001-003, Federal Reserve Bank of St. Louis.
    2. Thomas B. King & Timothy J. Yeager, 2004. "Are the causes of bank distress changing? can researchers keep up?," Supervisory Policy Analysis Working Papers 2004-07, Federal Reserve Bank of St. Louis.

  41. Charles W. Calomiris & David C. Wheelock, 1997. "Was the Great Depression a Watershed for American Monetary Policy?," NBER Working Papers 5963, National Bureau of Economic Research, Inc.

    Cited by:

    1. Charles W. Calomiris & Joseph Mason & David Wheelock, 2011. "Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach," NBER Working Papers 16688, National Bureau of Economic Research, Inc.
    2. John Landon-Lane & Eugene N. White & Adam Klug, 2002. "How Could Everyone Have Been So Wrong? Forecasting the Great Depression with the Railroads," NBER Working Papers 9011, National Bureau of Economic Research, Inc.
    3. Sebastian Schich, 2019. "Do Fintech and Cryptocurrency Initiatives Make Banks Less Special?," Business and Economic Research, Macrothink Institute, vol. 9(4), pages 89-116, December.
    4. William Poole & Robert H. Rasche & David C. Wheelock, 2013. "The Great Inflation: Did The Shadow Know Better?," NBER Chapters, in: The Great Inflation: The Rebirth of Modern Central Banking, pages 61-107, National Bureau of Economic Research, Inc.
    5. Bordo, Michael D. & Schwartz, Anna J., 1999. "Monetary policy regimes and economic performance: The historical record," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 3, pages 149-234, Elsevier.
    6. Mark A. Carlson & David C. Wheelock, 2012. "The lender of last resort: lessons from the Fed’s first 100 years," Working Papers 2012-056, Federal Reserve Bank of St. Louis.
    7. Michael D. Bordo & David C. Wheelock, 2006. "When do stock market booms occur? the macroeconomic and policy environments of 20th century booms," Working Papers 2006-051, Federal Reserve Bank of St. Louis.
    8. Sebastian Edwards, 2015. "Academics as Economic Advisers: Gold, the ‘Brains Trust,’ and FDR," NBER Working Papers 21380, National Bureau of Economic Research, Inc.
    9. Edwards, Sebastian, 2020. "Change of monetary regime, contracts, and prices: Lessons from the great depression, 1932–1935," Journal of International Money and Finance, Elsevier, vol. 108(C).
    10. Julio J. Rotemberg, 2013. "Shifts in US Federal Reserve Goals and Tactics for Monetary Policy: A Role for Penitence?," Journal of Economic Perspectives, American Economic Association, vol. 27(4), pages 65-86, Fall.
    11. Charles W. Calomiris, 2019. "How to Promote Fed Independence: Perspectives from Political Economy and History," Journal of Applied Corporate Finance, Morgan Stanley, vol. 31(4), pages 21-42, December.
    12. Rik Hafer, 1999. "Against the tide: Malcolm Bryan and the introduction of monetary aggregate targets," Economic Review, Federal Reserve Bank of Atlanta, vol. 84(Q1), pages 20-37.
    13. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2000. "Aggregate Price Shocks and Financial Instability: An Historical Analysis," NBER Historical Working Papers 0125, National Bureau of Economic Research, Inc.
    14. Hugh Rockoff, 2003. "Deflation, Silent Runs, and Bank Holidays, in the Great Contraction," Departmental Working Papers 200302, Rutgers University, Department of Economics.
    15. Haelim Park & Patrick Van Horn, 2015. "Did the Reserve Requirement Increases of 1936–37 Reduce Bank Lending? Evidence from a Quasi‐Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(5), pages 791-818, August.
    16. Kandil, Magda, 2005. "Money, interest, and prices: Some international evidence," International Review of Economics & Finance, Elsevier, vol. 14(2), pages 129-147.
    17. Christina D. Romer & David H. Romer, 2002. "A Rehabilitation of Monetary Policy in the 1950's," American Economic Review, American Economic Association, vol. 92(2), pages 121-127, May.
    18. Sebastian Edwards, 2017. "The London Monetary and Economic Conference of 1933 and the End of the Great Depression," Open Economies Review, Springer, vol. 28(3), pages 431-459, July.
    19. Michael Bordo, 2000. "Sound Money and Sound Financial Policy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(2), pages 129-155, December.
    20. Calomiris, Charles W. & Mason, Joseph R. & Wheelock, David C., 2023. "Did doubling reserve requirements cause the 1937–38 recession? New evidence on the impact of reserve requirements on bank reserve demand and lending," Journal of Financial Intermediation, Elsevier, vol. 56(C).
    21. Sebastian Edwards, 2017. "The London Monetary and Economic Conference of 1933 and the End of The Great Depression: A “Change of Regime” Analysis," NBER Working Papers 23204, National Bureau of Economic Research, Inc.
    22. Barry Eichengreen, 2004. "Viewpoint: Understanding the Great Depression," Canadian Journal of Economics, Canadian Economics Association, vol. 37(1), pages 1-27, February.
    23. Barry Eichengreen, 2002. "Still Fettered After All These Years," NBER Working Papers 9276, National Bureau of Economic Research, Inc.
    24. S. Selva & С. Сельва, 2017. "Золото, доллар, международная торговля и валютная интеграция во внешней политике США: от послевоенных лет через Бреттон-Вудское соглашение // Gold, Dollar, International Trade and Monetary Integration," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 5(2), pages 23-35.
    25. Siklos, Pierre L., 2008. "The Fed's reaction to the stock market during the great depression: Fact or artefact?," Explorations in Economic History, Elsevier, vol. 45(2), pages 164-184, April.
    26. Hugh Rockoff, 1999. "How Long Did It Take the United States to Become an Optimal Currency Area?," Departmental Working Papers 199910, Rutgers University, Department of Economics.
    27. Matias Vernengo, 2006. "A Hands-off Central Banker? Marriner S. Eccles and the Federal Reserve Policy, 1934-1951," Working Paper Series, Department of Economics, University of Utah 2006_04, University of Utah, Department of Economics.
    28. Price V. Fishback & John Joseph Wallis, 2012. "What Was New About the New Deal?," NBER Working Papers 18271, National Bureau of Economic Research, Inc.
    29. Michael D. Bordo & Edward Simpson Prescott, 2019. "Federal Reserve Structure, Economic Ideas, and Monetary and Financial Policy," Working Papers 19-13, Federal Reserve Bank of Cleveland.
    30. Charles Calomiris & Joseph R. Mason, 2003. "How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930's and Japan in the 1990's," NBER Working Papers 9624, National Bureau of Economic Research, Inc.
    31. David C. Wheelock, 2002. "Conducting monetary policy without government debt: the Fed's early years," Review, Federal Reserve Bank of St. Louis, vol. 84(May), pages 1-14.
    32. Michael D. Bordo & David C. Wheelock, 2007. "Stock market booms and monetary policy in the twentieth century," Review, Federal Reserve Bank of St. Louis, vol. 89(Mar), pages 91-122.

  42. David C. Wheelock, 1997. "Monetary policy in the Great Depression and beyond: the sources of the Fed's inflation bias," Working Papers 1997-011, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Rik Hafer, 1999. "Against the tide: Malcolm Bryan and the introduction of monetary aggregate targets," Economic Review, Federal Reserve Bank of Atlanta, vol. 84(Q1), pages 20-37.
    2. Nouran Hussein & Jasmin Fouad, 2020. "When the Art of Macroeconomic Management Confronts the Evolution of Business Cycles: Zooming into the Egyptian Case," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 8(1), pages 11-34, May.

  43. David C. Wheelock & Paul W. Wilson, 1997. "New evidence on returns to scale and product mix among U.S. commercial banks," Working Papers 1997-003, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Bernstein, David H. & Parmeter, Christopher F., 2019. "Returns to scale in electricity generation: Replicated and revisited," Energy Economics, Elsevier, vol. 82(C), pages 4-15.
    2. Paul W. Wilson & Shirong Zhao, 2023. "Investigating the performance of Chinese banks over 2007–2014," Annals of Operations Research, Springer, vol. 321(1), pages 663-692, February.
    3. Sapci, Ayse & Miles, Bradley, 2017. "Bank Size, Returns to Scale and Cost Efficiency," Working Papers 2017-02, Department of Economics, Colgate University, revised 10 Mar 2017.
    4. Cinzia Daraio & Leopold Simar & Paul W. Wilson, 2016. "Nonparametric Estimation of Efficiency in the Presence of Environmental Variables," DIAG Technical Reports 2016-02, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    5. David C. Wheelock & Paul W. Wilson, 2007. "Non-parametric, unconditional quantile estimation for efficiency analysis with an application to Federal Reserve check processing operations," Working Papers 2005-027, Federal Reserve Bank of St. Louis.
    6. Simar, Leopold & Wilson, Paul W., 2007. "Estimation and inference in two-stage, semi-parametric models of production processes," Journal of Econometrics, Elsevier, vol. 136(1), pages 31-64, January.
    7. Daraio, Cinzia & Simar, Leopold & Wilson, Paul, 2015. "Testing the "Separability" Condition in Two-Stage Nonparametric Models of Production," LIDAM Discussion Papers ISBA 2015018, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    8. Koetter, Michael & Wedow, Michael, 2006. "Finance and growth in a bank-based economy: is it quantity or quality that matters?," Discussion Paper Series 2: Banking and Financial Studies 2006,02, Deutsche Bundesbank.
    9. Beccalli, Elena & Anolli, Mario & Borello, Giuliana, 2015. "Are European banks too big? evidence on economies of scale," LSE Research Online Documents on Economics 62936, London School of Economics and Political Science, LSE Library.
    10. David C. Wheelock & Paul W. Wilson, 2002. "Consolidation in US banking: which banks engage in mergers?," Working Papers 2001-003, Federal Reserve Bank of St. Louis.
    11. Henderson, Daniel J. & Parmeter, Christopher F., 2009. "Imposing Economic Constraints in Nonparametric Regression: Survey, Implementation and Extension," IZA Discussion Papers 4103, Institute of Labor Economics (IZA).
    12. Ali Mehrabani & Aman Ullah, 2020. "Improved Average Estimation in Seemingly Unrelated Regressions," Econometrics, MDPI, vol. 8(2), pages 1-22, April.
    13. Drake, Leigh & Simper, Richard, 2002. "Economies of scale in UK building societies: A re-appraisal using an entry/exit model," Journal of Banking & Finance, Elsevier, vol. 26(12), pages 2365-2382.
    14. Anthony J. Glass & Karligash Kenjegalieva, 2023. "Dynamic returns to scale and geography in U.S. banking," Papers in Regional Science, Wiley Blackwell, vol. 102(1), pages 53-85, February.
    15. Paul W. Wilson & Shirong Zhao, 2022. "Evidence from shadow price of equity on “Too-Big-to-Fail” Banks," Journal of Productivity Analysis, Springer, vol. 57(1), pages 23-40, February.
    16. Subal Kumbhakar & Efthymios Tsionas, 2008. "Scale and efficiency measurement using a semiparametric stochastic frontier model: evidence from the U.S. commercial banks," Empirical Economics, Springer, vol. 34(3), pages 585-602, June.
    17. David C. Wheelock & Paul W. Wilson, 2003. "Robust nonparametric estimation of efficiency and technical change in U.S. commercial banking," Working Papers 2003-037, Federal Reserve Bank of St. Louis.
    18. Santiago Carbó Valverde & Francisco Rodríguez Fernández, 2004. "Operaciones fuera de balance y economías de escala en el sector bancario español," Economic Working Papers at Centro de Estudios Andaluces E2004/28, Centro de Estudios Andaluces.
    19. David C. Wheelock & Paul W. Wilson, 2008. "Are credit unions too small?," Working Papers 2008-033, Federal Reserve Bank of St. Louis.
    20. Tortosa-Ausina, Emili, 2002. "Exploring efficiency differences over time in the Spanish banking industry," European Journal of Operational Research, Elsevier, vol. 139(3), pages 643-664, June.
    21. Harimaya, Kozo, 2018. "The effects of consolidation on bank cost savings: Evidence from Japanese regional banks," Japan and the World Economy, Elsevier, vol. 46(C), pages 41-49.
    22. Tortosa-Ausina, Emili, 2003. "Nontraditional activities and bank efficiency revisited: a distributional analysis for Spanish financial institutions," Journal of Economics and Business, Elsevier, vol. 55(4), pages 371-395.
    23. Zhang, Jingfang & Hartarska, Valentina & Malikov, Emir, 2021. "Product and geographic market diversification in U.S. banking," Finance Research Letters, Elsevier, vol. 42(C).
    24. Timothy J. Yeager, 2002. "The demise of community banks? local economic shocks aren't to blame," Supervisory Policy Analysis Working Papers 2002-03, Federal Reserve Bank of St. Louis.
    25. Enzo Dia, 2004. "Monopolistic Pricing in the Banking Industry: a Dynamic Model," Working Papers 73, University of Milano-Bicocca, Department of Economics, revised May 2004.
    26. Enzo Dia, 2004. "Monopolistic Pricing in the Banking Industry: a Dynamic Portfolio Model," Finance 0411025, University Library of Munich, Germany.
    27. Hulusi Inanoglu & Mahmoud A. El-Gamal, 2005. "Inefficiency and heterogeneity in Turkish banking: 1990-2000," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(5), pages 641-664.
    28. Enzo Dia, 2004. "Imperfect Information and Monopolistic Pricing in the Banking Industry," Working Papers 74, University of Milano-Bicocca, Department of Economics, revised May 2004.
    29. Solís, Liliana & Maudos, Joaquín, 2008. "The social costs of bank market power: Evidence from Mexico," Journal of Comparative Economics, Elsevier, vol. 36(3), pages 467-488, September.
    30. Paul W. Wilson & Kathleen Carey, 2004. "Nonparametric analysis of returns to scale in the US hospital industry," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(4), pages 505-524.
    31. Glass, Anthony J. & Kenjegaliev, Amangeldi & Kenjegalieva, Karligash, 2020. "Spatial scale and product mix economies in U.S. banking with simultaneous spillover regimes," European Journal of Operational Research, Elsevier, vol. 284(2), pages 693-711.
    32. Worawut Wesaratchakit & Tientip Subhanij & Rungporn Roengpitya & Wanvimol Sawangngoenyuang & Chanaporn Sereevoravitgul, 2010. "Financing Thailand for Balanced and Sustainable Growth," Working Papers 2010-06, Monetary Policy Group, Bank of Thailand.
    33. Carow, Kenneth A. & Kane, Edward J., 2002. "Event-study evidence of the value of relaxing long-standing regulatory restraints on banks, 1970-2000," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(3), pages 439-463.
    34. Li Li & Zhang Yu, 2010. "The Impact of Derivatives Activity on Commercial Banks: Evidence from U.S. Bank Holding Companies," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 17(3), pages 303-322, September.
    35. Tai-Hsin Huang & Kuan-Chen Chen & Chien-Hsiu Lin & Ming-Tai Chung, 2014. "Consistent estimation of technical and allocative efficiencies for a semiparametric stochastic cost frontier with shadow input prices," Journal of Productivity Analysis, Springer, vol. 41(2), pages 307-320, April.
    36. David C. Wheelock & Paul W. Wilson, 2009. "Are U.S. banks too large?," Working Papers 2009-054, Federal Reserve Bank of St. Louis.
    37. Robert M. Adams & Paul W. Bauer & Robin C. Sickles, 2002. "Scope and scale economies in Federal Reserve payment processing," Working Papers (Old Series) 0213, Federal Reserve Bank of Cleveland.
    38. Huberto M. Ennis & H. S. Malek, 2005. "Bank risk of failure and the too-big-to-fail policy," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 91(Spr), pages 21-44.
    39. Elena Carletti & Philipp Hartmann & Giancarlo Spagnolo, 2007. "Bank Mergers, Competition, and Liquidity," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(5), pages 1067-1105, August.
    40. Massimo Filippini & Nevenka Hrovatin & Jelena Zorić, 2008. "Cost efficiency of Slovenian water distribution utilities: an application of stochastic frontier methods," Journal of Productivity Analysis, Springer, vol. 29(2), pages 169-182, April.
    41. Iimi, Atsushi, 2004. "Banking sector reforms in Pakistan: economies of scale and scope, and cost complementarities," Journal of Asian Economics, Elsevier, vol. 15(3), pages 507-528, June.
    42. Wheelock, David C. & Wilson, Paul W., 2013. "The evolution of cost-productivity and efficiency among US credit unions," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 75-88.
    43. David C. Wheelock & Paul W. Wilson, 2009. "Robust, dynamic nonparametric benchmarking: the evolution of cost-productivity and efficiency among U.S. credit unions," Working Papers 2009-008, Federal Reserve Bank of St. Louis.
    44. Sang, Nguyen Minh, 2017. "Income Diversification and Bank Efficiency in Vietnam," OSF Preprints 9x2yz, Center for Open Science.
    45. Emili Tortosa-Ausina, 2002. "Bank Cost Efficiency and Output Specification," Journal of Productivity Analysis, Springer, vol. 18(3), pages 199-222, November.
    46. R. Alton Gilbert & David C. Wheelock & Paul W. Wilson, 2002. "New evidence on the Fed's productivity in providing payments services," Working Papers 2002-020, Federal Reserve Bank of St. Louis.
    47. Kathleen Carey & Jean M. Mitchell, 2018. "Specialization and production cost efficiency: evidence from ambulatory surgery centers," International Journal of Health Economics and Management, Springer, vol. 18(1), pages 83-98, March.
    48. Wilatluk Sinswat & Tientip Subhanij, 2010. "A Cross-Country Survey on SME Financial Access and implications for Thailand," Working Papers 2010-03, Monetary Policy Group, Bank of Thailand.
    49. Diego Restrepo-Tobón & Subal Kumbhakar & Kai Sun, 2015. "Obelix vs. Asterix: Size of US commercial banks and its regulatory challenge," Journal of Regulatory Economics, Springer, vol. 48(2), pages 125-168, October.
    50. William R. Emmons & R. Alton Gilbert & Timothy J. Yeager, 2001. "The importance of scale economies and geographic diversification in community bank mergers," Working Papers 2001-024, Federal Reserve Bank of St. Louis.
    51. Gianandrea Goisis & Maria Giorgetti & Paola Parravicini & Francesco Salsano & Giovanna Tagliabue, 2009. "Economies of scale and scope in the European banking sector," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 56(3), pages 227-242, September.
    52. Tristan D. Skolrud & C. Richard Shumway, 2013. "A Fourier analysis of the US dairy industry," Applied Economics, Taylor & Francis Journals, vol. 45(14), pages 1887-1895, May.
    53. Caitlin T. O’Loughlin & Paul W. Wilson, 2021. "Benchmarking the performance of US Municipalities," Empirical Economics, Springer, vol. 60(6), pages 2665-2700, June.
    54. Anthony J. Glass & Amangeldi Kenjegaliev & Karligash Kenjegalieva, 2022. "Comparisons of deposit types and implications of the financial crisis: Evidence for U.S. banks," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 641-664, January.
    55. Chiorazzo, Vincenzo & D'Apice, Vincenzo & DeYoung, Robert & Morelli, Pierluigi, 2018. "Is the traditional banking model a survivor?," Journal of Banking & Finance, Elsevier, vol. 97(C), pages 238-256.
    56. Valverde, Santiago Carbo & Humphrey, David B., 2004. "Predicted and actual costs from individual bank mergers," Journal of Economics and Business, Elsevier, vol. 56(2), pages 137-157.
    57. Wilson, Paul W., 2018. "Dimension reduction in nonparametric models of production," European Journal of Operational Research, Elsevier, vol. 267(1), pages 349-367.
    58. Almanidis, Pavlos & Karagiannis, Giannis & Sickles, Robin C., 2015. "Semi-nonparametric Spline Modifications to the Cornwell-Schmidt-Sickles Estimator: An Analysis of U.S. Banking Productivity," Working Papers 15-008, Rice University, Department of Economics.
    59. Zhang, Jingfang & Malikov, Emir, 2022. "Off-balance sheet activities and scope economies in U.S. banking," Journal of Banking & Finance, Elsevier, vol. 141(C).
    60. Simar, Léopold & Wilson, Paul, 2021. "Nonparametric, Stochastic Frontier Models with Multiple Inputs and Outputs," LIDAM Discussion Papers ISBA 2021003, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    61. James R. Barth & Luis G. Dopico & Daniel E. Nolle & James A. Wilcox, 2002. "Bank Safety and Soundness and the Structure of Bank Supervision: A Cross‐Country Analysis," International Review of Finance, International Review of Finance Ltd., vol. 3(3‐4), pages 163-188, September.
    62. Elena Beccalli & Ludovico Rossi, 2020. "Economies or diseconomies of scope in the EU banking industry?," European Financial Management, European Financial Management Association, vol. 26(5), pages 1261-1293, November.
    63. William Emmons & R. Gilbert & Timothy Yeager, 2004. "Reducing the Risk at Small Community Banks: Is it Size or Geographic Diversification that Matters?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 25(2), pages 259-281, April.
    64. Céline Meslier-Crouzille & Donald P. Morgan & Katherine Samolyk & Amine Tarazi, 2014. "The Benefits of Intrastate and Interstate Geographic Diversification in Banking," Working Papers hal-00950504, HAL.
    65. Emir Malikov & Diego Restrepo-Tobón & Subal Kumbhakar, 2015. "Estimation of banking technology under credit uncertainty," Empirical Economics, Springer, vol. 49(1), pages 185-211, August.
    66. David C. Wheelock & Paul W. Wilson, 2015. "The Evolution of Scale Economies in U.S. Banking," Working Papers 2015-21, Federal Reserve Bank of St. Louis.
    67. Carbo Valverde, Santiago & Humphrey, David B. & Lopez del Paso, Rafael, 2007. "Do cross-country differences in bank efficiency support a policy of "national champions"?," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 2173-2188, July.
    68. Elena Carletti & Philipp Hartman & Giancarlo Spagnolo, 2003. "Bank mergers, competition, and liquidity," Proceedings 854, Federal Reserve Bank of Chicago.
    69. Kathy Estes, 2014. "Diversification and Community Bank Performanceduringa Financial Crisis," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 3(4), pages 01-40, October.
    70. Ghulam, Yaseen & Jaffry, Shabbar, 2015. "Efficiency and productivity of the cement industry: Pakistani experience of deregulation and privatisation," Omega, Elsevier, vol. 54(C), pages 101-115.
    71. Pavlos Almanidis & Mustafa U. Karakaplan & Levent Kutlu, 2019. "A dynamic stochastic frontier model with threshold effects: U.S. bank size and efficiency," Journal of Productivity Analysis, Springer, vol. 52(1), pages 69-84, December.
    72. Gilbert, R. Alton & Wilson, Paul W., 1998. "Effects of Deregulation on the Productivity of Korean Banks," Journal of Economics and Business, Elsevier, vol. 50(2), pages 133-155, March.
    73. Mohammad I. Al Masud & Levent Kutlu, 2018. "US Bank Efficiency and FED Activity," Economics Bulletin, AccessEcon, vol. 38(4), pages 2047-2059.
    74. Céline Meslier-Crouzille & Donald P. Morgan & Katherine Samolyk & Amine Tarazi, 2015. "The Benefits of Geographic Diversification in Banking," Working Papers hal-01155170, HAL.
    75. Fukuyama, Hirofumi & Matousek, Roman & Tzeremes, Nickolaos G., 2022. "Bank production with nonperforming loans: A minimum distance directional slack inefficiency approach," Omega, Elsevier, vol. 113(C).
    76. Diego A. Restrepo-Tobón & Subal C. Kumbhakar & Kai Sun, 2013. "Are U.S. Commercial Banks Too Big?," Documentos de Trabajo de Valor Público 10943, Universidad EAFIT.
    77. David C. Wheelock & Paul W. Wilson, 2012. "Do Large Banks Have Lower Costs? New Estimates of Returns to Scale for U.S. Banks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(1), pages 171-199, February.
    78. Randall Kroszner, 2016. "A Review of Bank Funding Cost Differentials," Journal of Financial Services Research, Springer;Western Finance Association, vol. 49(2), pages 151-174, June.
    79. Guohua Feng & Apostolos Serletis, 2009. "Efficiency and productivity of the US banking industry, 1998-2005: evidence from the Fourier cost function satisfying global regularity conditions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(1), pages 105-138.
    80. Pavlos Almanidis, 2013. "Accounting for heterogeneous technologies in the banking industry: a time-varying stochastic frontier model with threshold effects," Journal of Productivity Analysis, Springer, vol. 39(2), pages 191-205, April.
    81. Lee, Chi-Chuan & Huang, Tai-Hsin, 2017. "Cost efficiency and technological gap in Western European banks: A stochastic metafrontier analysis," International Review of Economics & Finance, Elsevier, vol. 48(C), pages 161-178.
    82. Bernstein, David H., 2020. "An updated assessment of technical efficiency and returns to scale for U.S. electric power plants," Energy Policy, Elsevier, vol. 147(C).

  44. David C. Wheelock & Paul W. Wilson, 1996. "Technical progress, inefficiency and productivity change in U.S. banking, 1984-1993," Working Papers 1994-021, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Kao, Chiang & Liu, Shiang-Tai, 2014. "Measuring performance improvement of Taiwanese commercial banks under uncertainty," European Journal of Operational Research, Elsevier, vol. 235(3), pages 755-764.
    2. Valentin Zelenyuk, 2023. "Productivity analysis: roots, foundations, trends and perspectives," Journal of Productivity Analysis, Springer, vol. 60(3), pages 229-247, December.
    3. Epure, Mircea & Kerstens, Kristiaan & Prior, Diego, 2011. "Technology-based total factor productivity and benchmarking: New proposals and an application," Omega, Elsevier, vol. 39(6), pages 608-619, December.
    4. Paul W. Wilson & Shirong Zhao, 2023. "Investigating the performance of Chinese banks over 2007–2014," Annals of Operations Research, Springer, vol. 321(1), pages 663-692, February.
    5. Luo, Xueming, 2003. "Evaluating the profitability and marketability efficiency of large banks: An application of data envelopment analysis," Journal of Business Research, Elsevier, vol. 56(8), pages 627-635, August.
    6. Sanjukta Sarkar, 2016. "The Dynamics of Revenue Diversification and Efficiency of Banks in India," IIM Kozhikode Society & Management Review, , vol. 5(2), pages 156-172, July.
    7. Oetzel, Jennifer M. & Banerjee, Sudeshna Ghosh, 2008. "A case of the tortoise versus the hare? Deregulation process, timing, and firm performance in emerging markets," International Business Review, Elsevier, vol. 17(1), pages 54-77, February.
    8. Mad Ithnin Salleh & Nurul Fadly Habidin & Abdul Halim Masnan & Nordin Mamat, 2017. "Estimating Technical Efficiency and Bootstrapping Malmquist Indices: Analysis of Malaysian Preschool Sector," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(3), pages 440-457, March.
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    5. Matthew Jaremski & David C. Wheelock, 2022. "Interbank Networks and the Interregional Transmission of Financial Crises: Evidence from the Panic of 1907," Working Papers 2022-020, Federal Reserve Bank of St. Louis, revised Sep 2023.
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    110. Robert DeYoung & Iftekhar Hasan & William C. Hunter, 1999. "The Determinants of De Novo Bank Survival," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-066, New York University, Leonard N. Stern School of Business-.
    111. Dilruba Khanam & Syeda Sonia Parvin & Muhammad Mohiuddin & Asadul Hoque & Zhan Su, 2018. "Financial Sustainability of Non-Governmental Microfinance Institutions (MFIs): A Cost-Efficiency Analysis of BRAC, ASA, and PROSHIKA from Bangladesh," Review of Economics & Finance, Better Advances Press, Canada, vol. 12, pages 43-56, May.
    112. Konstandina Natalia, 2006. "Probability of Bank Failure: The Russian Case," EERC Working Paper Series 06-01e, EERC Research Network, Russia and CIS.
    113. Bhagwan Jagwani, 2012. "Efficiency Measurement in the Indian Banking Industry: An Application of Data Envelopment Analysis," Vision, , vol. 16(4), pages 315-331, December.
    114. Mustafa Celik & Omer Teksen, 2021. "Does It Matter How to Fund?: A Research on Turkish Deposit Banks," Istanbul Business Research, Istanbul University Business School, vol. 50(2), pages 359-383, November.
    115. Agarwal, Vikas & Zhao, Haibei, 2015. "Interfund lending in mutual fund families: Role of internal capital markets," CFR Working Papers 15-09, University of Cologne, Centre for Financial Research (CFR).
    116. Al-Khasawneh, Jamal Ali & Essaddam, Naceur, 2012. "Market reaction to the merger announcements of US banks: A non-parametric X-efficiency framework," Global Finance Journal, Elsevier, vol. 23(3), pages 167-183.
    117. Pavlos Almanidis & Mustafa U. Karakaplan & Levent Kutlu, 2019. "A dynamic stochastic frontier model with threshold effects: U.S. bank size and efficiency," Journal of Productivity Analysis, Springer, vol. 52(1), pages 69-84, December.
    118. Ioannidou, Vasso P. & Penas, María Fabiana, 2010. "Deposit insurance and bank risk-taking: Evidence from internal loan ratings," Journal of Financial Intermediation, Elsevier, vol. 19(1), pages 95-115, January.
    119. Robert DeYoung, 2003. "The failure of new entrants in commercial banking markets: a split‐population duration analysis," Review of Financial Economics, John Wiley & Sons, vol. 12(1), pages 7-33.
    120. Sufian, Fadzlan, 2006. "The Efficiency Of Islamic Banking Industry: A Non-Parametric Analysis With Non-Discretionary Input Variable," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 14, pages 54-87.
    121. Aliya Alimhanova & Andrey Vazhdaev & Artur Mitsel & Anatoly Sidorov, 2022. "Dynamic Model of Enterprise Revenue Management Based on the SFA Model," Mathematics, MDPI, vol. 11(1), pages 1-13, December.
    122. Maria Heui-Yeong Kim & Shiguang Ma & Yanran Annie Zhou, 2016. "Survival prediction of distressed firms: evidence from the Chinese special treatment firms," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(3), pages 418-443, July.
    123. Malgorzata Klaudia Guzowska & Barbara Kryk, 2021. "Efficiency of Implementing Climate/Energy Targets of the Europe 2020 Strategy and the Structural Diversity between Old and New Member States," Energies, MDPI, vol. 14(24), pages 1-18, December.
    124. Haitao Yin & Howard Kunreuther & Matthew W. White, 2011. "Risk-Based Pricing and Risk-Reducing Effort: Does the Private Insurance Market Reduce Environmental Accidents?," Journal of Law and Economics, University of Chicago Press, vol. 54(2), pages 325-363.
    125. Gunjan M. Sanjeev, 2006. "Data Envelopment Analysis (Dea) for Measuring Technical Efficiency of Banks," Vision, , vol. 10(1), pages 13-27, January.
    126. Robert DeYoung & Gary Whalen, 1999. "Banking Industry Consolidation: Efficiency Issues," Macroeconomics 9906011, University Library of Munich, Germany.
    127. Anthony Pennington-Cross, 2003. "Subprime and Prime Mortgages – Loss Distributions," FHFA Staff Working Papers 03-01, Federal Housing Finance Agency.
    128. Gerald P. Dwyer & Rik Hafer, 2001. "Bank failures in banking panics: Risky banks or road kill?," FRB Atlanta Working Paper 2001-13, Federal Reserve Bank of Atlanta.
    129. José Manuel Pastor Monsálvez & Lorenzo Serrano Martínez, 2000. "Efficiency, Endogenous And Exogenous Credit Risk In The Banking Systems Of The Euro Area," Working Papers. Serie EC 2000-17, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    130. Fadzlan Sufian & Muzafar Shah Habibullah, 2012. "Developments in the efficiency of the Malaysian banking sector: the impacts of financial disruptions and exchange rate regimes," Progress in Development Studies, , vol. 12(1), pages 19-46, January.
    131. Camacho-Gutiérrez, Pablo & González-Cantú, Vanessa M., 2007. "Moral hazard in a voluntary deposit insurance system: Revisited," MPRA Paper 3909, University Library of Munich, Germany.
    132. Sufian, Fadzlan, 2009. "Determinants of bank efficiency during unstable macroeconomic environment: Empirical evidence from Malaysia," Research in International Business and Finance, Elsevier, vol. 23(1), pages 54-77, January.
    133. Mohd Zaini Abd Karim & Sok-Gee Chan & Sallahudin Hassan, 2010. "Bank Efficiency and Non-Performing Loans: Evidence from Malaysia and Singapore," Prague Economic Papers, Prague University of Economics and Business, vol. 2010(2), pages 118-132.
    134. Yang Ni & Shasha Guo & David E. Giles, 2009. "Capital Structures in an Emerging Market: A Duration Analysis of the Time Interval Between IPO and SEO in China," Econometrics Working Papers 0905, Department of Economics, University of Victoria.

  47. Subal C. Kumbhaker & David C. Wheelock, 1992. "The slack banker dances: deposit insurance and risk-taking in the banking collapse of the 1920s," Working Papers 1992-002, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Matthew Jaremski & David C. Wheelock, 2020. "Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(7), pages 1719-1754, October.
    2. Charles W. Calomiris & Christopher Hanes, 1994. "Historical Macroeconomics and American Macroeconomic History," NBER Working Papers 4935, National Bureau of Economic Research, Inc.
    3. Mayes, David G., 2004. "Who pays for bank insolvency?," Journal of International Money and Finance, Elsevier, vol. 23(3), pages 515-551, April.
      • David G. Mayes & Aarno Liuksila & Thorsten Beck & Bethany Blowers & Henk Brouwer & Peik Granlund & Christos Hadjiemmanuil & Gerbert Hebbink & Eva H. G. Hüpkes & Eigil Mølgaard & Jón Sigurðsson & Gary , 2004. "Who Pays for Bank Insolvency?," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-52391-3.
    4. Masami Imai, 2006. "Market Discipline and Deposit Insurance Reform in Japan," Wesleyan Economics Working Papers 2006-007, Wesleyan University, Department of Economics.
    5. Eugene N. White, 2011. ""To Establish a More Effective Supervision of Banking": How the Birth of the Fed Altered Bank Supervision," NBER Working Papers 16825, National Bureau of Economic Research, Inc.
    6. Ramírez, Carlos D., 2009. "Bank fragility, "money under the mattress", and long-run growth: US evidence from the "perfect" Panic of 1893," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2185-2198, December.
    7. Agusman, Agusman & Cullen, Grant S. & Gasbarro, Dominic & Monroe, Gary S. & Zumwalt, J. Kenton, 2014. "Government intervention, bank ownership and risk-taking during the Indonesian financial crisis," Pacific-Basin Finance Journal, Elsevier, vol. 30(C), pages 114-131.
    8. Jacqueline Khorassani, 2000. "An empirical study of depositor sensitivity to bank risk," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 24(1), pages 15-27, March.

  48. David C. Wheelock, 1991. "Regulation and bank failures: new evidence from the agricultural collapse of the 1920's," Working Papers 1991-006, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Mitchener, Kris James & Wheelock, David C., 2013. "Does the structure of banking markets affect economic growth? Evidence from U.S. state banking markets," Explorations in Economic History, Elsevier, vol. 50(2), pages 161-178.
    2. Matthew Jaremski & David C. Wheelock, 2020. "Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(7), pages 1719-1754, October.
    3. Bixter, Michael T. & Luhmann, Christian C., 2014. "Shared losses reduce sensitivity to risk: A laboratory study of moral hazard," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 63-73.
    4. Davison, Lee K. & Ramirez, Carlos D., 2014. "Local banking panics of the 1920s: Identification and determinants," Journal of Monetary Economics, Elsevier, vol. 66(C), pages 164-177.
    5. Gary B. Gorton & Andrew Metrick, 2013. "The Federal Reserve and Financial Regulation: The First Hundred Years," NBER Working Papers 19292, National Bureau of Economic Research, Inc.
    6. Kupiec, Paul H. & Ramirez, Carlos D., 2013. "Bank failures and the cost of systemic risk: Evidence from 1900 to 1930," Journal of Financial Intermediation, Elsevier, vol. 22(3), pages 285-307.
    7. Marc Flandreau & Gabriel Geisler Mesevage, 2014. "The Separation of Information and Lending and the Rise of Rating Agencies in the United States," IHEID Working Papers 11-2014, Economics Section, The Graduate Institute of International Studies.
    8. Michael D. Bordo, 2017. "An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime," NBER Working Papers 24154, National Bureau of Economic Research, Inc.
    9. Eugene N. White, 2009. "Lessons from the Great American Real Estate Boom and Bust of the 1920s," NBER Working Papers 15573, National Bureau of Economic Research, Inc.
    10. Carlos D. Ramirez & Philip A. Shively, 2012. "The Effect of Bank Failures on Economic Activity: Evidence from U.S. States in the Early 20th Century," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(2‐3), pages 433-455, March.
    11. Muge Adalet, 2009. "Were Universal Banks More Vulnerable to Banking Failures? Evidence From the 1931 German Banking Crisis," Koç University-TUSIAD Economic Research Forum Working Papers 0911, Koc University-TUSIAD Economic Research Forum.
    12. Rajeev Dehejia & Adriana Lleras-Muney, 2007. "Financial Development and Pathways of Growth: State Branching and Deposit Insurance Laws in the United States, 1900–1940," Journal of Law and Economics, University of Chicago Press, vol. 50(2), pages 239-272.
    13. Kris James Mitchener, 2007. "Are Prudential Supervision and Regulation Pillars of Financial Stability? Evidence from the Great Depression," Journal of Law and Economics, University of Chicago Press, vol. 50(2), pages 273-302.
    14. Ramirez, Carlos D., 2003. "Did branch banking restrictions increase bank failures? Evidence from Virginia and West Virginia in the late 1920s," Journal of Economics and Business, Elsevier, vol. 55(4), pages 331-352.

  49. David C. Wheelock, 1989. "The Fed's failure to act as lender of last resort during the Great Depression, 1929-1933," Proceedings 233, Federal Reserve Bank of Chicago.

    Cited by:

    1. Nelson, Edward, 2013. "Friedman's monetary economics in practice," Journal of International Money and Finance, Elsevier, vol. 38(C), pages 59-83.

Articles

  1. Calomiris, Charles W. & Mason, Joseph R. & Wheelock, David C., 2023. "Did doubling reserve requirements cause the 1937–38 recession? New evidence on the impact of reserve requirements on bank reserve demand and lending," Journal of Financial Intermediation, Elsevier, vol. 56(C).
    See citations under working paper version above.
  2. Calomiris, Charles W. & Jaremski, Matthew & Wheelock, David C., 2022. "Interbank connections, contagion and bank distress in the Great Depression✰," Journal of Financial Intermediation, Elsevier, vol. 51(C).

    Cited by:

    1. Nevermann, Daniel & Heckmann, Lotta, 2023. "Effects of mergers on network models of the financial system," Discussion Papers 29/2023, Deutsche Bundesbank.

  3. Jaremski, Matthew & Wheelock, David C., 2020. "The Founding of the Federal Reserve, the Great Depression, and the Evolution of the U.S. Interbank Network," The Journal of Economic History, Cambridge University Press, vol. 80(1), pages 69-99, March.
    See citations under working paper version above.
  4. Matthew Jaremski & David C. Wheelock, 2020. "Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(7), pages 1719-1754, October.
    See citations under working paper version above.
  5. David C. Wheelock, 2020. "Comparing the COVID-19 Recession with the Great Depression," Economic Synopses, Federal Reserve Bank of St. Louis, issue 39, August.

    Cited by:

    1. Berger,Allen N.,Demirguc-Kunt,Asli, 2021. "Banking Research in the Time of COVID-19," Policy Research Working Paper Series 9782, The World Bank.
    2. Lasha Labadze & Mohamed M. Sraieb, 2023. "Impact of Anti-Pandemic Policy Stringency on Firms’ Profitability during COVID-19," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    3. Chhatwani, Malvika & Mishra, Sushanta Kumar, 2021. "Financial fragility and financial optimism linkage during COVID-19: Does financial literacy matter?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 94(C).
    4. Chhatwani, Malvika & Mishra, Sushanta Kumar & Varma, Arup & Rai, Himanshu, 2022. "Psychological resilience and business survival chances: A study of small firms in the USA during COVID-19," Journal of Business Research, Elsevier, vol. 142(C), pages 277-286.
    5. Nana Aisha Garba & Lea Sacca & Rachel D. Clarke & Prasad Bhoite & John Buschman & Virama Oller & Nancy Napolitano & Samuel Hyppolite & Sophia Lacroix & Al Archibald & Ocean Hamilton & Tobi Ash & David, 2022. "Addressing Food Insecurity during the COVID-19 Pandemic: Intervention Outcomes and Lessons Learned from a Collaborative Food Delivery Response in South Florida’s Underserved Households," IJERPH, MDPI, vol. 19(13), pages 1-12, July.
    6. MohammadReza Zahedian & Mahsa Bagherikalhor & Andrey Trufanov & G. Reza Jafari, 2022. "Financial Crisis in the Framework of Non-zero Temperature Balance Theory," Papers 2202.03198, arXiv.org.
    7. George Selgin, 2021. "The fiscal and monetary response to COVID‐19: What the Great Depression has – and hasn't – taught us," Economic Affairs, Wiley Blackwell, vol. 41(1), pages 3-20, February.
    8. Anca Elena Lungu & Ioana Andreea Bogoslov & Eduard Alexandru Stoica & Mircea Radu Georgescu, 2021. "From Decision to Survival—Shifting the Paradigm in Entrepreneurship during the COVID-19 Pandemic," Sustainability, MDPI, vol. 13(14), pages 1-23, July.

  6. David C. Wheelock, 2020. "What Can We Learn from the Spanish Flu Pandemic of 1918-19 for COVID-19?," Economic Synopses, Federal Reserve Bank of St. Louis, issue 30, May.
    See citations under working paper version above.
  7. Mark Carlson & David C. Wheelock, 2018. "Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Contagion Risk?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(8), pages 1711-1750, December.
    See citations under working paper version above.
  8. David C. Wheelock & Paul W. Wilson, 2018. "The evolution of scale economies in US banking," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 33(1), pages 16-28, January.
    See citations under working paper version above.
  9. Carlson, Mark & Wheelock, David C., 2018. "Near-money premiums, monetary policy, and the integration of money markets: Lessons from deregulation," Journal of Financial Intermediation, Elsevier, vol. 33(C), pages 16-32.
    See citations under working paper version above.
  10. Mark Carlson & David C. Wheelock, 2016. "Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve," American Economic Review, American Economic Association, vol. 106(5), pages 533-537, May.
    See citations under working paper version above.
  11. David C. Wheelock, 2015. "Economics and Politics in Selecting Federal Reserve Cities: Why Missouri Has Two Reserve Banks," Review, Federal Reserve Bank of St. Louis, vol. 97(4), pages 269-288.

    Cited by:

    1. Mark A. Carlson & David C. Wheelock, 2018. "Furnishing an “Elastic Currency”: The Founding of the Fed and the Liquidity of the U.S. Banking System," Review, Federal Reserve Bank of St. Louis, vol. 100(1), pages 17-44.
    2. Araujo, Luiz Nelson, 2016. "Dissemination of Information by the Federal Reserve System: An Overview and Benchmark," MPRA Paper 73185, University Library of Munich, Germany.

  12. Daniel L. Thornton & David C. Wheelock, 2014. "Making sense of dissents: a history of FOMC dissents," Review, Federal Reserve Bank of St. Louis, vol. 96(3), pages 213-227.

    Cited by:

    1. Maqsood Aslam & Etienne Farvaque & Franck Malan, 2021. "A disaster always rings twice: Early life experiences and central bankers' reactions to natural disasters," Kyklos, Wiley Blackwell, vol. 74(3), pages 301-320, August.
    2. Jung, Alexander & Latsos, Sophia, 2015. "Do federal reserve bank presidents have a regional bias?," European Journal of Political Economy, Elsevier, vol. 40(PA), pages 173-183.
    3. Carlos Madeira & João Madeira, 2019. "The Effect of FOMC Votes on Financial Markets," The Review of Economics and Statistics, MIT Press, vol. 101(5), pages 921-932, December.
    4. El-Shagi, Makram & Jung, Alexander, 2015. "Does the Greenspan era provide evidence on leadership in the FOMC?," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 173-190.
    5. Hubert, Paul & Labondance, Fabien, 2021. "The signaling effects of central bank tone," European Economic Review, Elsevier, vol. 133(C).
    6. Anna Cieslak & Annette Vissing-Jorgensen, 2020. "The Economics of the Fed Put," NBER Working Papers 26894, National Bureau of Economic Research, Inc.
    7. Malmendier, Ulrike & Nagel, Stefan & Yan, Zhen, 2021. "The making of hawks and doves," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 19-42.
    8. Jung, Alexander, 2016. "Have minutes helped to predict fed funds rate changes?," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 18-32.
    9. Ehrmann, Michael & Gnan, Phillipp & Rieder, Kilian, 2023. "Central bank communication by ??? The economics of public policy leaks," Working Paper Series 2846, European Central Bank.
    10. Cecchetti, Stephen & Schoenholtz, Kermit L., 2019. "Improving U.S. Monetary Policy Communications," CEPR Discussion Papers 13915, C.E.P.R. Discussion Papers.
    11. Mikael Apel & Marianna Blix Grimaldi & Isaiah Hull, 2022. "How Much Information Do Monetary Policy Committees Disclose? Evidence from the FOMC's Minutes and Transcripts," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(5), pages 1459-1490, August.
    12. Paul D. Mueller, 2016. "Public and Private Institutions in the Federal Reserve," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 31(Fall 2016), pages 49-68.
    13. Sylvester Eijffinger & Ronald Mahieu & Louis Raes, 2016. "Monetary Policy Committees, Voting Behavior and Ideal Points," BAFFI CAREFIN Working Papers 1628, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    14. Carlos Madeira & Joao Madeira, 2015. "Dissent in FOMC Meeting and the Announcement Drift," Working Papers Central Bank of Chile 749, Central Bank of Chile.

  13. R. Alton Gilbert & David C. Wheelock, 2013. "Big banks in small places: are community banks being driven out of rural markets?," Review, Federal Reserve Bank of St. Louis, vol. 95(May), pages 199-218.

    Cited by:

    1. Claire Brennecke & Stefan Jacewitz & Jonathan Pogach, 2022. "Shared Destinies? Small Banks and Small Business Consolidation," Research Working Paper RWP 21-19, Federal Reserve Bank of Kansas City.
    2. Alex Fayman & Su‐Jane Chen & Timothy Mayes, 2022. "Community banks versus non‐community banks: Post the Great Recession," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 51(2), July.
    3. Gregory McKee & Albert Kagan, 2018. "Community bank structure an x-efficiency approach," Review of Quantitative Finance and Accounting, Springer, vol. 51(1), pages 19-41, July.
    4. Craig Wesley Carpenter & F. Carson Mencken & Charles M. Tolbert & Michael Lotspeich, 2018. "Locally Owned Bank Commuting Zone Concentration and Employer Start-Ups in Metropolitan, Micropolitan and Non-Core Rural Commuting Zones from 1970-2010," Working Papers 18-34, Center for Economic Studies, U.S. Census Bureau.
    5. Joan Calzada & Xavier Fageda & Fernando Martínez-Santos, 2023. "Mergers and bank branches: two decades of evidence from the USA," Empirical Economics, Springer, vol. 64(5), pages 2411-2447, May.

  14. Mitchener, Kris James & Wheelock, David C., 2013. "Does the structure of banking markets affect economic growth? Evidence from U.S. state banking markets," Explorations in Economic History, Elsevier, vol. 50(2), pages 161-178.
    See citations under working paper version above.
  15. Wheelock, David C. & Wilson, Paul W., 2013. "The evolution of cost-productivity and efficiency among US credit unions," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 75-88.

    Cited by:

    1. Gregory McKee & Albert Kagan, 2019. "The differential impact of the Dodd–Frank Act on niche non-metro lenders," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(4), pages 291-301, December.
    2. Berger,Allen N.,Demirguc-Kunt,Asli, 2021. "Banking Research in the Time of COVID-19," Policy Research Working Paper Series 9782, The World Bank.
    3. R. Raymond Sant & Stephen B. Carter, 2015. "Acquired Credit Unions: Drivers of Takeover," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 5(8), pages 18-33, August.
    4. Xia, X.H. & Chen, Y.B. & Li, J.S. & Tasawar, H. & Alsaedi, A. & Chen, G.Q., 2014. "Energy regulation in China: Objective selection, potential assessment and responsibility sharing by partial frontier analysis," Energy Policy, Elsevier, vol. 66(C), pages 292-302.
    5. Emir Malikov & Diego A. Restrepo-Tobón & Subal C. Kumbhakar, 2018. "Heterogeneous credit union production technologies with endogenous switching and correlated effects," Econometric Reviews, Taylor & Francis Journals, vol. 37(10), pages 1095-1119, November.
    6. R. Raymond Sant & Stephen B. Carter, 2015. "Acquired Credit Unions: Drivers of Takeover," International Journal of Business and Social Research, LAR Center Press, vol. 5(8), pages 18-33, August.
    7. Francisco Javier Sáez-Fernández & Andrés J. Picazo-Tadeo & Mercedes Beltrán-Esteve & Caroline Elliott, 2015. "Assessing the performance of the Latin American and Caribbean banking industry: Are domestic and foreign banks so different?," Cogent Economics & Finance, Taylor & Francis Journals, vol. 3(1), pages 1006976-100, December.
    8. Kui Du, 2018. "Complacency, capabilities, and institutional pressure: understanding financial institutions’ participation in the nascent mobile payments ecosystem," Electronic Markets, Springer;IIM University of St. Gallen, vol. 28(3), pages 307-319, August.
    9. Simar, Leopold & Wilson, Paul, 2015. "Statistical Approaches for Nonparametric Frontier Models: A Guided Tour," LIDAM Reprints ISBA 2015022, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    10. Malikov, Emir & Kumbhakar, Subal C. & Sun, Yiguo, 2016. "Varying coefficient panel data model in the presence of endogenous selectivity and fixed effects," Journal of Econometrics, Elsevier, vol. 190(2), pages 233-251.
    11. Theo Benos & Nikos Kalogeras & Martin Wetzels & Ko De Ruyter & Joost M. E. Pennings, 2018. "Harnessing a ‘Currency Matrix’ for Performance Measurement in Cooperatives: A Multi-Phased Study," Sustainability, MDPI, vol. 10(12), pages 1-38, December.
    12. Dai, Sheng & Kuosmanen, Timo & Zhou, Xun, 2023. "Generalized quantile and expectile properties for shape constrained nonparametric estimation," European Journal of Operational Research, Elsevier, vol. 310(2), pages 914-927.
    13. Yamori, Nobuyoshi & Harimaya, Kozo & Tomimura, Kei, 2017. "The efficiency of Japanese financial cooperatives: An application of parametric distance functions," Journal of Economics and Business, Elsevier, vol. 94(C), pages 43-53.
    14. Mei-Ying Huang & Jia-Ching Juo & Tsu-tan Fu, 2015. "Metafrontier cost Malmquist productivity index: an application to Taiwanese and Chinese commercial banks," Journal of Productivity Analysis, Springer, vol. 44(3), pages 321-335, December.
    15. Lin, Yu-Hui & Fu, Tsu-Tan & Chen, Chia-Li & Juo, Jia-Ching, 2017. "Non-radial cost Luenberger productivity indicator," European Journal of Operational Research, Elsevier, vol. 256(2), pages 629-639.

  16. Rik Hafer & David C. Wheelock, 2013. "Darryl Francis and the Making of Monetary Policy, 1966-1975," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 469-486.

    Cited by:

    1. William Poole & Robert H. Rasche & David C. Wheelock, 2013. "The Great Inflation: Did The Shadow Know Better?," NBER Chapters, in: The Great Inflation: The Rebirth of Modern Central Banking, pages 61-107, National Bureau of Economic Research, Inc.
    2. Mark A. Carlson & David C. Wheelock, 2012. "The lender of last resort: lessons from the Fed’s first 100 years," Working Papers 2012-056, Federal Reserve Bank of St. Louis.

  17. R. Alton Gilbert & Kevin L. Kliesen & Andrew P. Meyer & David C. Wheelock, 2012. "Federal Reserve lending to troubled banks during the financial crisis, 2007-2010," Review, Federal Reserve Bank of St. Louis, vol. 94(May), pages 221-242.

    Cited by:

    1. Chang, Su-Hsin & Contessi, Silvio & Francis, Johanna L., 2014. "Understanding the accumulation of bank and thrift reserves during the U.S. financial crisis," Journal of Economic Dynamics and Control, Elsevier, vol. 43(C), pages 78-106.
    2. Mark Carlson & Burcu Duygan-Bump & William Nelson, 2015. "Why do we need both liquidity regulations and a lender of last resort? A perspective from Federal Reserve lending during the 2007-09 US financial crisis," BIS Working Papers 493, Bank for International Settlements.

  18. David C. Wheelock, 2012. "Too big to fail: the pros and cons of breaking up big banks," The Regional Economist, Federal Reserve Bank of St. Louis, issue Oct, pages 10-11.

    Cited by:

    1. Kristin Regehr & Rajdeep Sengupta, 2016. "Has the Relationship between Bank Size and Profitability Changed?," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 49-72.
    2. Uluc Aysun, 2013. "Bank size and macroeconomic shock transmission: Are there economic volatility gains from shrinking large, too big to fail banks?," Working Papers 2013-02, University of Central Florida, Department of Economics.
    3. von der Becke Susanne & Sornette Didier, 2019. "An Asset-Based Framework of Credit Creation (applied to the Global Financial Crisis)," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 9(2), pages 1-21, July.
    4. Aysun, Uluc, 2016. "Bank size and macroeconomic shock transmission: Does the credit channel operate through large or small banks?," Journal of International Money and Finance, Elsevier, vol. 65(C), pages 117-139.
    5. Hazera, Alejandro & Quirvan, Carmen & Triki, Anis, 2017. "Too big to fail and bank loan accounting in developing nations: Evidence from the Mexican financial crisis," Research in Accounting Regulation, Elsevier, vol. 29(2), pages 109-118.

  19. David C. Wheelock & Paul W. Wilson, 2012. "Do Large Banks Have Lower Costs? New Estimates of Returns to Scale for U.S. Banks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(1), pages 171-199, February.

    Cited by:

    1. Bernstein, David H. & Parmeter, Christopher F., 2019. "Returns to scale in electricity generation: Replicated and revisited," Energy Economics, Elsevier, vol. 82(C), pages 4-15.
    2. Delis, Manthos D & Kokas, Sotiris, 2014. "Foreign ownership and market power in banking: Evidence from a world sample," MPRA Paper 53957, University Library of Munich, Germany.
    3. David H. Bernstein & Christopher F. Parmeter, 2017. "Returns to Scale in Electricity Generation: Revisited and Replicated," Working Papers 2017-08, University of Miami, Department of Economics.
    4. Schwaab, Bernd & Koopman, Siem Jan & Lucas, André & Nucera, Federico, 2016. "The information in systemic risk rankings," Working Paper Series 1875, European Central Bank.
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  20. Kevin L. Kliesen & David C. Wheelock, 2012. "How well do initial claims forecast employment growth over the business cycle and over time?," Economic Synopses, Federal Reserve Bank of St. Louis.

    Cited by:

    1. John Carter Braxton, 2013. "Revisiting the use of initial jobless claims as a labor market indicator," Research Working Paper RWP 13-03, Federal Reserve Bank of Kansas City.
    2. Hassan Mohammadi & Daniel Rich, 2013. "Dynamics of Unemployment Insurance Claims: An Application of ARIMA-GARCH Models," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 41(4), pages 413-425, December.

  21. David C. Wheelock, 2011. "Have acquisitions of failed banks increased the concentration of U.S. banking markets?," Review, Federal Reserve Bank of St. Louis, vol. 93(May), pages 155-168.

    Cited by:

    1. Chen, Qi & Vashishtha, Rahul, 2017. "The effects of bank mergers on corporate information disclosure," Journal of Accounting and Economics, Elsevier, vol. 64(1), pages 56-77.

  22. David C. Wheelock, 2011. "Banking industry consolidation and market structure: impact of the financial crisis and recession," Review, Federal Reserve Bank of St. Louis, vol. 93(Nov), pages 419-438.

    Cited by:

    1. Cubillas, Elena & Suárez, Nuria, 2018. "Bank market power and lending during the global financial crisis," Journal of International Money and Finance, Elsevier, vol. 89(C), pages 1-22.
    2. Cubillas, Elena & Fernández, Ana I. & González, Francisco, 2017. "How credible is a too-big-to-fail policy? International evidence from market discipline," Journal of Financial Intermediation, Elsevier, vol. 29(C), pages 46-67.
    3. Abo-Zaid, Salem, 2015. "Optimal monetary policy with the cost channel and monopolistically-competitive banks," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 284-299.
    4. Pérez Montes, Carlos, 2014. "The effect on competition of banking sector consolidation following the financial crisis of 2008," Journal of Banking & Finance, Elsevier, vol. 43(C), pages 124-136.
    5. Dunn, Jessica Kay & Intintoli, Vincent J. & McNutt, Jamie John, 2015. "An examination of non-government-assisted US commercial bank mergers during the financial crisis," Journal of Economics and Business, Elsevier, vol. 77(C), pages 16-41.
    6. Anthony Brassil & Jon Cheshire & Joseph Muscatello, 2018. "The Transmission of Monetary Policy through Banks' Balance Sheets," RBA Annual Conference Volume (Discontinued), in: John Simon & Maxwell Sutton (ed.),Central Bank Frameworks: Evolution or Revolution?, Reserve Bank of Australia.
    7. Schiavone, Ansel, 2023. "Labor market concentration and labor share dynamics for US regional industries," Economic Modelling, Elsevier, vol. 125(C).

  23. David C. Wheelock & Paul W. Wilson, 2011. "Are Credit Unions Too Small?," The Review of Economics and Statistics, MIT Press, vol. 93(4), pages 1343-1359, November.
    See citations under working paper version above.
  24. David C. Wheelock, 2010. "The monetary base and bank lending: you can lead a horse to water..," Economic Synopses, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Christopher J. Neely, 2013. "Would it help to eliminate interest on reserves?," Economic Synopses, Federal Reserve Bank of St. Louis.

  25. Craig P. Aubuchon & David C. Wheelock, 2010. "The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?," Review, Federal Reserve Bank of St. Louis, vol. 92(Sep), pages 395-415.

    Cited by:

    1. Ghosh, Amit, 2017. "Do bank failures still matter in affecting regional economic activity?," Journal of Economics and Business, Elsevier, vol. 90(C), pages 1-16.
    2. Oleg Badunenko & Daniel J. Henderson, 2024. "Production analysis with asymmetric noise," Journal of Productivity Analysis, Springer, vol. 61(1), pages 1-18, February.
    3. Silvio Contessi & Johanna L. Francis, 2011. "TARP beneficiaries and their lending patterns during the financial crisis," Review, Federal Reserve Bank of St. Louis, vol. 93(Mar), pages 105-126.
    4. Carlson, Mark & Shan, Hui & Warusawitharana, Missaka, 2013. "Capital ratios and bank lending: A matched bank approach," Journal of Financial Intermediation, Elsevier, vol. 22(4), pages 663-687.
    5. Chang, Su-Hsin & Contessi, Silvio & Francis, Johanna L., 2014. "Understanding the accumulation of bank and thrift reserves during the U.S. financial crisis," Journal of Economic Dynamics and Control, Elsevier, vol. 43(C), pages 78-106.
    6. Mare, Davide Salvatore, 2015. "Contribution of macroeconomic factors to the prediction of small bank failures," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 39(C), pages 25-39.
    7. Cowan, Arnold R. & Salotti, Valentina, 2015. "The resolution of failed banks during the crisis: Acquirer performance and FDIC guarantees, 2008–2013," Journal of Banking & Finance, Elsevier, vol. 54(C), pages 222-238.
    8. Assaf, A. George & Berger, Allen N. & Roman, Raluca A. & Tsionas, Mike G., 2019. "Does efficiency help banks survive and thrive during financial crises?," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 445-470.
    9. Adonis Antoniades, 2015. "Commercial bank failures during The Great Recession: the real (estate) story," BIS Working Papers 530, Bank for International Settlements.
    10. Matthew Jaremski & David C. Wheelock, 2020. "Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(7), pages 1719-1754, October.
    11. Chen, Wei-Da & Chen, Yehning & Huang, Shu-Chun, 2021. "Liquidity risk and bank performance during financial crises," Journal of Financial Stability, Elsevier, vol. 56(C).
    12. Kenneth J. Hatten & James P. Keeler & William L. James, 2018. "Control & Prediction: Reexamining the 2008-2009 US Banking Crisis," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 4(4), pages 351-374, October.
    13. David C. Wheelock, 2011. "Have acquisitions of failed banks increased the concentration of U.S. banking markets?," Review, Federal Reserve Bank of St. Louis, vol. 93(May), pages 155-168.
    14. Bessler, Wolfgang & Kurmann, Philipp & Nohel, Tom, 2015. "Time-varying systematic and idiosyncratic risk exposures of US bank holding companies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 35(C), pages 45-68.
    15. Zuzana Fungacova & Ms. Rima A Turk & Laurent Weill, 2015. "High Liquidity Creation and Bank Failures: Do They Behave Differently?," IMF Working Papers 2015/103, International Monetary Fund.
    16. Cole, Rebel A. & White, Lawrence J., 2010. "Déjà vu all over again: The causes of U.S. commercial bank failures this time around," MPRA Paper 24690, University Library of Munich, Germany, revised 28 Jul 2010.
    17. Palvia, Ajay & Vähämaa, Emilia & Vähämaa, Sami, 2020. "Female leadership and bank risk-taking: Evidence from the effects of real estate shocks on bank lending performance and default risk," Journal of Business Research, Elsevier, vol. 117(C), pages 897-909.
    18. Sun, Junjie & Wu, Deming & Zhao, Xinlei, 2018. "Systematic risk factors and bank failures," Journal of Economics and Business, Elsevier, vol. 98(C), pages 1-18.
    19. Maghyereh, Aktham I. & Awartani, Basel, 2014. "Bank distress prediction: Empirical evidence from the Gulf Cooperation Council countries," Research in International Business and Finance, Elsevier, vol. 30(C), pages 126-147.
    20. JAMES Hannah & CASEY Michael & MITCHELL David, 2019. "Decline In State Chartered Banks:Causes, Concerns, And Conclusions," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(1), pages 99-110, April.
    21. Spiros Bougheas & Alan Kirman, 2014. "Complex Financial Networks and Systemic Risk: A Review," Discussion Papers 2014/04, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    22. Allen N. Berger & Björn Imbierowicz & Christian Rauch, 2016. "The Roles of Corporate Governance in Bank Failures during the Recent Financial Crisis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(4), pages 729-770, June.
    23. Ajay Palvia & Emilia Vähämaa & Sami Vähämaa, 2015. "Are Female CEOs and Chairwomen More Conservative and Risk Averse? Evidence from the Banking Industry During the Financial Crisis," Journal of Business Ethics, Springer, vol. 131(3), pages 577-594, October.
    24. Imbierowicz, Björn & Rauch, Christian, 2014. "The relationship between liquidity risk and credit risk in banks," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 242-256.
    25. Chen, Hsiao-Jung & Lin, Kuan-Ting, 2016. "How do banks make the trade-offs among risks? The role of corporate governance," Journal of Banking & Finance, Elsevier, vol. 72(S), pages 39-69.
    26. Bassett, William & Demiralp, Selva & Lloyd, Nathan, 2020. "Government support of banks and bank lending," Journal of Banking & Finance, Elsevier, vol. 112(C).
    27. Dunn, Jessica Kay & Intintoli, Vincent J. & McNutt, Jamie John, 2015. "An examination of non-government-assisted US commercial bank mergers during the financial crisis," Journal of Economics and Business, Elsevier, vol. 77(C), pages 16-41.
    28. Fungáčová, Zuzana & Turk-Ariss, Rima & Weill, Laurent, 2013. "Does excessive liquidity creation trigger bank failures?," BOFIT Discussion Papers 2/2013, Bank of Finland Institute for Emerging Economies (BOFIT).
    29. Vincent Bouvatier & Michael Brei & Xi Yang, 2014. "Bank Failures and the Source of Strength Doctrine," Working Papers hal-04141351, HAL.
    30. Mark A. Klinedinst, 2016. "Bank Decapitalization and Credit Union Capitalization," SAGE Open, , vol. 6(1), pages 21582440166, February.
    31. Berglund, Tom & Mäkinen, Mikko, 2016. "Learning from financial crisis: the experience of Nordic banks," Bank of Finland Research Discussion Papers 30/2016, Bank of Finland.
    32. Elyasiani, Elyas & Jia, Jingyi (Jane), 2019. "Relative performance and systemic risk contributions of small and large banks during the financial crisis," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 220-241.
    33. Berglund, Tom & Mäkinen, Mikko, 2019. "Do banks learn from financial crisis? The experience of Nordic banks," Research in International Business and Finance, Elsevier, vol. 47(C), pages 428-440.
    34. Fungacova, Zuzana & Turk, Rima & Weill, Laurent, 2021. "High liquidity creation and bank failures," Journal of Financial Stability, Elsevier, vol. 57(C).
    35. Kathy Estes, 2014. "Diversification and Community Bank Performanceduringa Financial Crisis," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 3(4), pages 01-40, October.
    36. Cleary, Sean & Hebb, Greg, 2016. "An efficient and functional model for predicting bank distress: In and out of sample evidence," Journal of Banking & Finance, Elsevier, vol. 64(C), pages 101-111.
    37. Joan Calzada & Xavier Fageda & Fernando Martínez-Santos, 2023. "Mergers and bank branches: two decades of evidence from the USA," Empirical Economics, Springer, vol. 64(5), pages 2411-2447, May.
    38. Balla, Eliana & Mazur, Laurel C. & Prescott, Edward Simpson & Walter, John R., 2019. "A comparison of community bank failures and FDIC losses in the 1986–92 and 2007–13 banking crises," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 1-15.
    39. Giulio Velliscig & Josanco Floreani & Maurizio Polato, 2023. "Capital and asset quality implications for bank resilience and performance in the light of NPLs’ regulation: a focus on the Texas ratio," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(1), pages 66-88, March.
    40. Gerti Shijaku, 2018. "Does Primary Sovereignty Risk Matter for Bank Stability? Evidence from the Albanian Banking System," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 16(2), pages 115-145.

  26. David C. Wheelock, 2010. "Lessons learned? comparing the Federal Reserve's responses to the crises of 1929-1933 and 2007-2009," Review, Federal Reserve Bank of St. Louis, vol. 92(Mar), pages 89-108.

    Cited by:

    1. Michael D. Bordo & David C. Wheelock, 2011. "The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933," NBER Working Papers 16763, National Bureau of Economic Research, Inc.
    2. Selgin, George & Lastrapes, William D. & White, Lawrence H., 2012. "Has the Fed been a failure?," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 569-596.
    3. Lee, Dong Jin & Son, Jong Chil, 2013. "Nonlinearity and structural breaks in monetary policy rules with stock prices," Economic Modelling, Elsevier, vol. 31(C), pages 1-11.

  27. James B. Bullard & Christopher J. Neely & David C. Wheelock, 2009. "Systemic risk and the financial crisis: a primer," Review, Federal Reserve Bank of St. Louis, vol. 91(Sep), pages 403-418.

    Cited by:

    1. Craig P. Aubuchon & David C. Wheelock, 2010. "The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?," Review, Federal Reserve Bank of St. Louis, vol. 92(Sep), pages 395-415.
    2. Tobias Basse & Robinson Kruse & Christoph Wegener, 2017. "The Walking Debt Crisis," CREATES Research Papers 2017-06, Department of Economics and Business Economics, Aarhus University.
    3. Piero Ferri, 2011. "Macroeconomics of Growth Cycles and Financial Instability," Books, Edward Elgar Publishing, number 14260.
    4. Emiel F.M. Wubben (ed.), 2011. "Institutions and Regulation for Economic Growth?," Books, Edward Elgar Publishing, number 14256.
    5. Costa Cabral, Nazare, 2010. "Breve guia temático e bibliográfico sobre o estudo da actual crise financeira e económica [Short thematic guide to the study of current financial and economic crisis]," MPRA Paper 20743, University Library of Munich, Germany.
    6. Poitras, Geoffrey & Zanotti, Giovanna, 2016. "Mortgage contract design and systemic risk immunization," International Review of Financial Analysis, Elsevier, vol. 45(C), pages 320-331.
    7. Camille Cornand & Céline Gimet, 2011. "The 2007-2008 financial crisis : Is there evidence of disaster myopia ?," Working Papers 1125, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    8. Mosso-Martínez, Margarita M. & López-Herrera, Francisco, 2020. "Variables económicas y deterioro de la calidad de la cartera de hipotecas bursatilizadas en México," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 15(52), pages 47-68, Primer se.
    9. Gabriele Galati & Richhild Moessner, 2013. "Macroprudential Policy – A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 27(5), pages 846-878, December.
    10. Shi, Ruoshi & Zhao, Yanlong & Bao, Ying & Peng, Cheng, 2022. "Sensitivity-based Conditional Value at Risk (SCVaR): An efficient measurement of credit exposure for options," The North American Journal of Economics and Finance, Elsevier, vol. 62(C).
    11. Geoffrey Poitras & Giovanna Zanotti, 2018. "Housing Market Bubbles and Mortgage Contract Design: Implications for Mortgage Lenders and Households," JRFM, MDPI, vol. 11(3), pages 1-18, July.
    12. Huei-Jung Fang, 2011. "Compilation and analysis of Taiwan's household debt statistics," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Initiatives to address data gaps revealed by the financial crisis", Basel, 25-26 August 2010, volume 34, pages 564-573, Bank for International Settlements.
    13. Sang Hoon Kang & Ron McIver & Seong-Min Yoon, 2016. "Modeling Time-Varying Correlations in Volatility Between BRICS and Commodity Markets," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(7), pages 1698-1723, July.
    14. Carola Frydman & Eric Hilt & Lily Y. Zhou, 2015. "Economic Effects of Runs on Early "Shadow Banks": Trust Companies and the Impact of the Panic of 1907," Journal of Political Economy, University of Chicago Press, vol. 123(4), pages 902-940.
    15. Tolga Umut Kuzubas & Burak Saltoglu & Can Sever, 2014. "Systemic Risk and Heterogeneous Leverage in Banking Network: Implications for Banking Regulation," Working Papers 2014/01, Bogazici University, Department of Economics.
    16. Frank A.G. den Butter, 2011. "The Macroeconomics of the Credit Crisis: In Search of Externalities for Macro Prudential Supervision," Chapters, in: Emiel F.M. Wubben (ed.), Institutions and Regulation for Economic Growth?, chapter 10, Edward Elgar Publishing.
    17. Opeoluwa Banwo & Paul Harrald & Francesca Medda, 2019. "Understanding the consequences of diversification on financial stability," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 14(2), pages 273-292, June.
    18. David C. Wheelock, 2010. "Lessons learned? comparing the Federal Reserve's responses to the crises of 1929-1933 and 2007-2009," Review, Federal Reserve Bank of St. Louis, vol. 92(Mar), pages 89-108.

  28. Wheelock, David C. & Wilson, Paul W., 2009. "Robust Nonparametric Quantile Estimation of Efficiency and Productivity Change in U.S. Commercial Banking, 1985–2004," Journal of Business & Economic Statistics, American Statistical Association, vol. 27(3), pages 354-368.

    Cited by:

    1. Paul W. Wilson & Shirong Zhao, 2023. "Investigating the performance of Chinese banks over 2007–2014," Annals of Operations Research, Springer, vol. 321(1), pages 663-692, February.
    2. Koetter, Michael & Wedow, Michael, 2006. "Finance and growth in a bank-based economy: is it quantity or quality that matters?," Discussion Paper Series 2: Banking and Financial Studies 2006,02, Deutsche Bundesbank.
    3. Vaneet Bhatia & Sankarshan Basu & Subrata Kumar Mitra & Pradyumna Dash, 2018. "A review of bank efficiency and productivity," OPSEARCH, Springer;Operational Research Society of India, vol. 55(3), pages 557-600, November.
    4. Natalya Zelenyuk & Valentin Zelenyuk, 2015. "Productivity Drivers of Efficiency in Banking: Importance of Model Specifications," CEPA Working Papers Series WP082015, School of Economics, University of Queensland, Australia.
    5. R. Raymond Sant & Stephen B. Carter, 2015. "Acquired Credit Unions: Drivers of Takeover," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 5(8), pages 18-33, August.
    6. Thieme, Claudio & Prior, Diego & Tortosa-Ausina, Emili, 2013. "A multilevel decomposition of school performance using robust nonparametric frontier techniques," Economics of Education Review, Elsevier, vol. 32(C), pages 104-121.
    7. Xia, X.H. & Chen, Y.B. & Li, J.S. & Tasawar, H. & Alsaedi, A. & Chen, G.Q., 2014. "Energy regulation in China: Objective selection, potential assessment and responsibility sharing by partial frontier analysis," Energy Policy, Elsevier, vol. 66(C), pages 292-302.
    8. Juan Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2019. "Does active management add value? New evidence from a quantile regression approach," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 70(10), pages 1734-1751, October.
    9. Amparo Soler Domínguez & Juan Carlos Matallín Sáez & Emili Tortosa Ausina, 2011. "On the informativeness of persistence for mutual funds' performance evaluation using partial frontiers," Working Papers. Serie EC 2011-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    10. Gearhart, Richard S. & Michieka, Nyakundi M., 2018. "A comparison of the robust conditional order-m estimation and two stage DEA in measuring healthcare efficiency among California counties," Economic Modelling, Elsevier, vol. 73(C), pages 395-406.
    11. Elekdag, Selim & Malik, Sheheryar & Mitra, Srobona, 2020. "Breaking the Bank? A Probabilistic Assessment of Euro Area Bank Profitability," Journal of Banking & Finance, Elsevier, vol. 120(C).
    12. Richard Gearhart & Lyudmyla Sonchak-Ardan & Nyakundi Michieka, 2022. "The efficiency of COVID cases to COVID policies: a robust conditional approach," Empirical Economics, Springer, vol. 63(6), pages 2903-2948, December.
    13. A. Hackethal & M. Koetter & O. Vins, 2012. "Do government owned banks trade market power for slack?," Applied Economics, Taylor & Francis Journals, vol. 44(33), pages 4275-4290, November.
    14. Glass, Anthony J. & Kenjegaliev, Amangeldi & Kenjegalieva, Karligash, 2020. "Spatial scale and product mix economies in U.S. banking with simultaneous spillover regimes," European Journal of Operational Research, Elsevier, vol. 284(2), pages 693-711.
    15. Zhiyong Li & Chen Feng & Ying Tang, 2022. "Bank efficiency and failure prediction: a nonparametric and dynamic model based on data envelopment analysis," Annals of Operations Research, Springer, vol. 315(1), pages 279-315, August.
    16. Wheelock, David C. & Wilson, Paul W., 2013. "The evolution of cost-productivity and efficiency among US credit unions," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 75-88.
    17. Gearhart, Richard & Michieka, Nyakundi, 2019. "Natural resource abundance and healthcare efficiency in Appalachia: A robust conditional approach," Energy Policy, Elsevier, vol. 129(C), pages 985-996.
    18. Galina Besstremyannaya, 2014. "The efficiency of labor matching and remuneration reforms: a panel data quantile regression approach with endogenous treatment variables," Working Papers w0206, New Economic School (NES).
    19. R. Raymond Sant & Stephen B. Carter, 2015. "Acquired Credit Unions: Drivers of Takeover," International Journal of Business and Social Research, LAR Center Press, vol. 5(8), pages 18-33, August.
    20. C Murillo-Melchor & J M Pastor & E Tortosa-Ausina, 2010. "A bootstrap approach to analyse productivity growth in European banking," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(12), pages 1729-1745, December.
    21. Kevork, Ilias S. & Pange, Jenny & Tzeremes, Panayiotis & Tzeremes, Nickolaos G., 2017. "Estimating Malmquist productivity indexes using probabilistic directional distances: An application to the European banking sector," European Journal of Operational Research, Elsevier, vol. 261(3), pages 1125-1140.
    22. Mustapha D. Ibrahim & Sahand Daneshvar & Mevhibe B. Hocaoğlu & Olasehinde-Williams G. Oluseye, 2019. "An Estimation of the Efficiency and Productivity of Healthcare Systems in Sub-Saharan Africa: Health-Centred Millennium Development Goal-Based Evidence," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(1), pages 371-389, May.
    23. Galina Besstremyannaya, 2014. "The efficiency of labor matching and remuneration reforms: a panel data quantile regression approach with endogenous treatment variables," Working Papers w0206, Center for Economic and Financial Research (CEFIR).
    24. Simar, Leopold & Wilson, Paul, 2015. "Statistical Approaches for Nonparametric Frontier Models: A Guided Tour," LIDAM Reprints ISBA 2015022, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    25. Jean-Paul Chavas & Kwansoo Kim, 2015. "Nonparametric analysis of technology and productivity under non-convexity: a neighborhood-based approach," Journal of Productivity Analysis, Springer, vol. 43(1), pages 59-74, February.
    26. Besstremyannaya, Galina, 2017. "Heterogeneous effect of the global financial crisis and the Great East Japan Earthquake on costs of Japanese banks," Journal of Empirical Finance, Elsevier, vol. 42(C), pages 66-89.
    27. Alexander Schiersch, 2013. "Firm size and efficiency in the German mechanical engineering industry," Small Business Economics, Springer, vol. 40(2), pages 335-350, February.
    28. Brandon Pope & Andrew Johnson, 2013. "Returns to scope: a metric for production synergies demonstrated for hospital production," Journal of Productivity Analysis, Springer, vol. 40(2), pages 239-250, October.
    29. Kourtesi, Sofia & De Witte, Kristof & Polymeros, Apostolos, 2016. "Technical Efficiency in the Agricultural Sector - Evidence from a Conditional Quantile-Based Approach," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 17(2), June.
    30. Gearhart, Richard & Michieka, Nyakundi & Anders, Anne, 2023. "The effectiveness of COVID deaths to COVID policies: A robust conditional approach," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 376-394.
    31. Ilias S. Kevork & Christos Kollias & Panayiotis Tzeremes & Nickolaos G. Tzeremes, 2018. "European financial crisis and bank productivity: evidence from Eastern European Countries," Applied Economics Letters, Taylor & Francis Journals, vol. 25(4), pages 283-289, February.
    32. Hung-pin Lai & Cliff J. Huang & Tsu-Tan Fu, 2020. "Estimation of the production profile and metafrontier technology gap: a quantile approach," Empirical Economics, Springer, vol. 58(6), pages 2709-2731, June.
    33. Dai, Sheng & Kuosmanen, Timo & Zhou, Xun, 2023. "Generalized quantile and expectile properties for shape constrained nonparametric estimation," European Journal of Operational Research, Elsevier, vol. 310(2), pages 914-927.
    34. Ghulam, Yaseen & Jaffry, Shabbar, 2015. "Efficiency and productivity of the cement industry: Pakistani experience of deregulation and privatisation," Omega, Elsevier, vol. 54(C), pages 101-115.
    35. Mamatzakis, E & Koutsomanoli-Filippaki, Anastasia & Pasiouras, Fotios, 2012. "A quantile regression approach to bank efficiency measurement," MPRA Paper 51879, University Library of Munich, Germany.
    36. Madalina STOICA & Anamaria ALDEA, 2016. "Efficiency Of Teaching And Research Activities In Romanian Universities: An Order – Alpha Partial Frontiers Approach," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(4), pages 169-186.
    37. Ghulam, Yaseen & Mousa, Wael I., 2019. "Estimation of productivity growth in the Saudi higher education sector," Technological Forecasting and Social Change, Elsevier, vol. 149(C).
    38. J. Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2013. "Does active management add value? New evidence from a quantile regression," Working Papers 2013/01, Economics Department, Universitat Jaume I, Castellón (Spain).
    39. Shao, Benjamin B.M. & Lin, Winston T., 2016. "Assessing output performance of information technology service industries: Productivity, innovation and catch-up," International Journal of Production Economics, Elsevier, vol. 172(C), pages 43-53.
    40. Natalya Zelenyuk & Valentin Zelenyuk, 2014. "Regional and Ownership Drivers of Bank Efficiency," CEPA Working Papers Series WP112014, School of Economics, University of Queensland, Australia.
    41. Hou, Xiaohui & Wang, Qing & Zhang, Qi, 2014. "Market structure, risk taking, and the efficiency of Chinese commercial banks," Emerging Markets Review, Elsevier, vol. 20(C), pages 75-88.

  29. David C. Wheelock & Mark E. Wohar, 2009. "Can the term spread predict output growth and recessions? a survey of the literature," Review, Federal Reserve Bank of St. Louis, vol. 91(Sep), pages 419-440.

    Cited by:

    1. Mehmet Balcilar & Edmond Berisha & Oguzhan Cepni & Rangan Gupta, 2019. "The Predictive Power of the Term Spread on Inequality in the United Kingdom: An Empirical Analysis," Working Papers 201981, University of Pretoria, Department of Economics.
    2. Hammami, Yacine & Lindahl, Anna, 2014. "An intertemporal capital asset pricing model with bank credit growth as a state variable," Journal of Banking & Finance, Elsevier, vol. 39(C), pages 14-28.
    3. Jean-Baptiste Hasse & Quentin Lajaunie, 2020. "Does the Yield Curve Signal Recessions? New Evidence from an International Panel Data Analysis," AMSE Working Papers 2013, Aix-Marseille School of Economics, France.
    4. Engemann, Kristie M. & Kliesen, Kevin L. & Owyang, Michael T., 2011. "Do Oil Shocks Drive Business Cycles? Some U.S. And International Evidence," Macroeconomic Dynamics, Cambridge University Press, vol. 15(S3), pages 498-517, November.
    5. Nathan Foley-Fisher & Rodney Ramcharan & Edison Yu, 2015. "The impact of unconventional monetary policy on firm financing constraints: evidence from the maturity extension program," Working Papers 15-30, Federal Reserve Bank of Philadelphia.
    6. de Bondt, Gabe & Maddaloni, Angela & Peydró, José-Luis & Scopel, Silvia, 2010. "The euro area Bank Lending Survey matters: empirical evidence for credit and output growth," Working Paper Series 1160, European Central Bank.
    7. Casarin, Roberto & Costantini, Mauro & Paradiso, Antonio, 2021. "On the role of dependence in sticky price and sticky information Phillips curve: Modelling and forecasting," Economic Modelling, Elsevier, vol. 105(C).
    8. McMillan, David G., 2021. "When and why do stock and bond markets predict US economic growth?," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 331-343.
    9. Plakandaras, Vasilios & Gogas, Periklis & Papadimitriou, Theophilos & Gupta, Rangan, 2019. "A re-evaluation of the term spread as a leading indicator," International Review of Economics & Finance, Elsevier, vol. 64(C), pages 476-492.
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    16. Fernandez-Perez, Adrian & Fernández-Rodríguez, Fernando & Sosvilla-Rivero, Simón, 2014. "The term structure of interest rates as predictor of stock returns: Evidence for the IBEX 35 during a bear market," International Review of Economics & Finance, Elsevier, vol. 31(C), pages 21-33.
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    20. Kuosmanen, Petri & Vataja, Juuso, 2019. "Time-varying predictive content of financial variables in forecasting GDP growth in the G-7 countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 71(C), pages 211-222.
    21. Berisha, Edmond, 2017. "Yield spread and the income distribution," The Quarterly Review of Economics and Finance, Elsevier, vol. 65(C), pages 363-377.
    22. Nakaota, Hiroshi & Fukuta, Yuichi, 2013. "The leading indicator property of the term spread and the monetary policy factors in Japan," Japan and the World Economy, Elsevier, vol. 28(C), pages 85-98.
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    25. Wojnilower, Joshua, 2018. "On credit and output: Is the supply of credit relevant?," The North American Journal of Economics and Finance, Elsevier, vol. 45(C), pages 38-56.
    26. Aharon, David Y. & Umar, Zaghum & Aziz, Mukhriz Izraf Azman & Vo, Xuan vinh, 2022. "COVID-19 related media sentiment and the yield curve of G-7 economies," The North American Journal of Economics and Finance, Elsevier, vol. 61(C).
    27. Gupta, Rangan & Risse, Marian & Volkman, David A. & Wohar, Mark E., 2019. "The role of term spread and pattern changes in predicting stock returns and volatility of the United Kingdom: Evidence from a nonparametric causality-in-quantiles test using over 250 years of data," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 391-405.
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    30. Bernard LANDAIS, 2010. "The Monetary Origins Of The Economic And Financial Crisis," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 5(3(13)/Fal), pages 280-291.
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    32. Landais, Bernard, 2010. "The monetary origins of the financial and economic crisis," MPRA Paper 23769, University Library of Munich, Germany.
    33. Morell, Joseph, 2018. "The decline in the predictive power of the US term spread: A structural interpretation," Journal of Macroeconomics, Elsevier, vol. 55(C), pages 314-331.
    34. J. Boeckx & M. de Sola Perea & M. Deroose & G. de Walque & Th. Lejeune & Ch. Van Nieuwenhuyse, 2018. "What will happen when interest rates go up?," Economic Review, National Bank of Belgium, issue iii, pages 35-56, september.
    35. Markku Lanne & Henri Nyberg, 2016. "Generalized Forecast Error Variance Decomposition for Linear and Nonlinear Multivariate Models," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(4), pages 595-603, August.
    36. Rossi, Barbara, 2013. "Advances in Forecasting under Instability," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 1203-1324, Elsevier.
    37. Helbling, Thomas & Huidrom, Raju & Kose, M. Ayhan & Otrok, Christopher, 2011. "Do credit shocks matter? A global perspective," European Economic Review, Elsevier, vol. 55(3), pages 340-353, April.
    38. Karnizova, Lilia & Li, Jiaxiong (Chris), 2014. "Economic policy uncertainty, financial markets and probability of US recessions," Economics Letters, Elsevier, vol. 125(2), pages 261-265.
    39. Kurt Graden Lunsford, 2018. "Can Yield Curve Inversions Be Predicted?," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2018(06), pages 1-6, July.
    40. Smimou, K., 2017. "Does gold Liquidity learn from the greenback or the equity?," Research in International Business and Finance, Elsevier, vol. 41(C), pages 461-479.
    41. Kuosmanen, Petri & Vataja, Juuso, 2014. "Forecasting GDP growth with financial market data in Finland: Revisiting stylized facts in a small open economy during the financial crisis," Review of Financial Economics, Elsevier, vol. 23(2), pages 90-97.
    42. Drechsel, Katja & Scheufele, Rolf, 2012. "The performance of short-term forecasts of the German economy before and during the 2008/2009 recession," International Journal of Forecasting, Elsevier, vol. 28(2), pages 428-445.
    43. Kuosmanen, Petri & Nabulsi, Nasib & Vataja, Juuso, 2015. "Financial variables and economic activity in the Nordic countries," International Review of Economics & Finance, Elsevier, vol. 37(C), pages 368-379.
    44. Ibarra-Ramírez Raúl, 2021. "The Yield Curve as a Predictor of Economic Activity in Mexico: The Role of the Term Premium," Working Papers 2021-07, Banco de México.
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    56. Schock, Matthias, 2015. "Predicting Economic Activity via Eurozone Yield Spreads: Impact of Credit Risk," Hannover Economic Papers (HEP) dp-542, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
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    59. Kuosmanen, Petri & Rahko, Jaana & Vataja, Juuso, 2019. "Predictive ability of financial variables in changing economic circumstances," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 37-47.

  30. William Poole & David C. Wheelock, 2008. "Stable prices, stable economy: keeping inflation in check must be No. 1 goal of monetary policymakers," The Regional Economist, Federal Reserve Bank of St. Louis, issue Jan, pages 4-9.

    Cited by:

    1. Ioannis N. Kallianiotis, 2021. "Monetary Policy Rules vs Discretion: Social Cost and Benefits," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 11(5), pages 1-6.
    2. Ali, Syed Zahid & Qureshi, Irfan A., 2021. "Anticipated versus unanticipated productivity shocks and hours-worked," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 547-572.
    3. Meyer Danie Francois & Chipeta Chama & Camel Richard Thabang Mc, 2018. "An Analysis of the Effectiveness of Interest Rates to Facilitate Price Stability and Economic Growth in South Africa," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 63(3), pages 68-90, December.

  31. Wheelock, David C. & Wilson, Paul W., 2008. "Non-parametric, unconditional quantile estimation for efficiency analysis with an application to Federal Reserve check processing operations," Journal of Econometrics, Elsevier, vol. 145(1-2), pages 209-225, July.
    See citations under working paper version above.
  32. David C. Wheelock, 2008. "Changing the rules: state mortgage foreclosure moratoria during the Great Depression," Review, Federal Reserve Bank of St. Louis, vol. 90(Nov), pages 569-584.

    Cited by:

    1. Michael Brocker & Christopher Hanes, 2013. "The 1920s American Real Estate Boom and the Downturn of the Great Depression: Evidence from City Cross Sections," NBER Working Papers 18852, National Bureau of Economic Research, Inc.
    2. Agarwal, Sumit & Ambrose, Brent W. & Diop, Moussa, 2022. "Minimum wage increases and eviction risk," Journal of Urban Economics, Elsevier, vol. 129(C).
    3. Bellou, Andriana & Cardia, Emanuela, 2021. "The Great Depression and the rise of female employment: A new hypothesis," Explorations in Economic History, Elsevier, vol. 80(C).
    4. Quincy, Sarah, 2022. "Income shocks and housing spillovers: Evidence from the World War I Veterans’ Bonus," Journal of Urban Economics, Elsevier, vol. 132(C).

  33. David C. Wheelock, 2008. "The federal response to home mortgage distress: lessons from the Great Depression," Review, Federal Reserve Bank of St. Louis, vol. 90(May), pages 133-148.

    Cited by:

    1. Daniel Aaronson & Daniel Hartley & Bhashkar Mazumder, 2021. "The Effects of the 1930s HOLC "Redlining" Maps," American Economic Journal: Economic Policy, American Economic Association, vol. 13(4), pages 355-392, November.
    2. Fleitas, Sebastian & Fishback, Price & Snowden, Kenneth, 2018. "Economic crisis and the demise of a popular contractual form: Building & Loans in the 1930s," Journal of Financial Intermediation, Elsevier, vol. 36(C), pages 28-44.
    3. Piskorski, Tomasz & Seru, Amit, 2021. "Debt relief and slow recovery: A decade after Lehman," Journal of Financial Economics, Elsevier, vol. 141(3), pages 1036-1059.
    4. William N. Goetzmann & Frank Newman, 2010. "Securitization in the 1920's," NBER Working Papers 15650, National Bureau of Economic Research, Inc.
    5. Collins, J. Michael & Urban, Carly, 2018. "The effects of a foreclosure moratorium on loan repayment behaviors," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 73-83.
    6. William Goetzmann & Frank Newman, 2010. "Securitizations in the 1920's," Yale School of Management Working Papers amz2668, Yale School of Management.
    7. Natacha Postel-Vinay, 2015. "What caused Chicago bank failures in the Great Depression? A look at the 1920s," Working Papers 22, Department of Economic and Social History at the University of Cambridge.
    8. David C. Wheelock, 2008. "Changing the rules: state mortgage foreclosure moratoria during the Great Depression," Review, Federal Reserve Bank of St. Louis, vol. 90(Nov), pages 569-584.
    9. Steven Gjerstad, 2009. "Housing Market Price Tier Movements in an Expansion and Collapse," Working Papers 09-01, Chapman University, Economic Science Institute.
    10. Harding, John P. & Rosenblatt, Eric & Yao, Vincent W., 2009. "The contagion effect of foreclosed properties," Journal of Urban Economics, Elsevier, vol. 66(3), pages 164-178, November.
    11. Postel-Vinay, Natacha, 2016. "What caused Chicago bank failures in the Great Depression? A look at the 1920s," LSE Research Online Documents on Economics 88844, London School of Economics and Political Science, LSE Library.
    12. Jonathan D. Rose, 2011. "The Incredible HOLC? Mortgage Relief during the Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(6), pages 1073-1107, September.
    13. Courtemanche, Charles & Snowden, Ken, 2010. "Repairing a Mortgage Crisis: HOLC Lending and its Impact on Local Housing Markets," UNCG Economics Working Papers 10-1, University of North Carolina at Greensboro, Department of Economics.
    14. Metrick, Andrew, 2022. "Broad-Based Emergency Liquidity Programs," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 4(2), pages 86-178, April.
    15. Chwieroth, Jeffrey M. & Walter, Andrew, 2019. "The financialization of mass wealth, banking crises and politics over the long run," LSE Research Online Documents on Economics 100765, London School of Economics and Political Science, LSE Library.
    16. David C. Wheelock, 2008. "Government response to home mortgage distress: lessons from the Great Depression," Working Papers 2008-038, Federal Reserve Bank of St. Louis.
    17. James B. Bullard & Christopher J. Neely & David C. Wheelock, 2009. "Systemic risk and the financial crisis: a primer," Review, Federal Reserve Bank of St. Louis, vol. 91(Sep), pages 403-418.

  34. Craig P. Aubuchon & David C. Wheelock, 2008. "How much have U.S. house prices fallen?," National Economic Trends, Federal Reserve Bank of St. Louis, issue Aug.

    Cited by:

    1. Geetesh Bhardwaj & Rajdeep Sengupta, 2008. "Did prepayments sustain the subprime market?," Working Papers 2008-039, Federal Reserve Bank of St. Louis.

  35. R. Alton Gilbert & David C. Wheelock, 2007. "Measuring commercial bank profitability: proceed with caution," Review, Federal Reserve Bank of St. Louis, vol. 89(Nov), pages 515-532.
    See citations under working paper version above.
  36. Michael D. Bordo & David C. Wheelock, 2007. "Stock market booms and monetary policy in the twentieth century," Review, Federal Reserve Bank of St. Louis, vol. 89(Mar), pages 91-122.

    Cited by:

    1. Martin Širůček, 2013. "Impact of money supply on stock bubbles," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(7), pages 2835-2842.
    2. Taipalus, Katja, 2012. "Detecting asset price bubbles with time-series methods," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2012_047.
    3. Lawrence J. Christiano & Cosmin Ilut & Roberto Motto & Massimo Rostagno, 2010. "Monetary policy and stock market booms," FRB Atlanta CQER Working Paper 2010-08, Federal Reserve Bank of Atlanta.
    4. Bekiros, Stelios & Nilavongse, Rachatar & Uddin, Gazi Salah, 2020. "Expectation-driven house prices and debt defaults: The effectiveness of monetary and macroprudential policies," Journal of Financial Stability, Elsevier, vol. 49(C).
    5. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2009. "Inflation, monetary policy and stock market conditions: quantitative evidence from a hybrid latent-variable VAR," Working Papers 2008-012, Federal Reserve Bank of St. Louis.
    6. Michael D. Bordo, 2008. "An Historical Perspective on the Crisis of 2007-2008," NBER Working Papers 14569, National Bureau of Economic Research, Inc.
    7. Castelnuovo, Efrem & Nisticò, Salvatore, 2010. "Stock market conditions and monetary policy in a DSGE model for the U.S," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1700-1731, September.
    8. Alexey Vasilenko, 2018. "Should Central Banks Prick Asset Price Bubbles? An Analysis Based on a Financial Accelerator Model with an Agent-Based Financial Market," Bank of Russia Working Paper Series wps35, Bank of Russia.
    9. K. Peren Arin & Abdullah Mamun & Nanda Purushothman, 2009. "The effects of tax policy on financial markets: G3 evidence," Review of Financial Economics, John Wiley & Sons, vol. 18(1), pages 33-46, January.
    10. Chevapatrakul, Thanaset, 2015. "Monetary environments and stock returns: International evidence based on the quantile regression technique," International Review of Financial Analysis, Elsevier, vol. 38(C), pages 83-108.
    11. Lawrence Christiano & Roberto Motto & Massimo Rostagno, 2007. "Two Reasons Why Money and Credit May be Useful in Monetary Policy," NBER Working Papers 13502, National Bureau of Economic Research, Inc.
    12. Jung, Kuk Mo & Pyun, Ju Hyun, 2023. "A long-run approach to money, unemployment, and equity prices," Economic Modelling, Elsevier, vol. 125(C).
    13. Anastasios G. Malliaris & Ramaprasad Bhar, 2011. "Dividends, Momentum, and Macroeconomic Variables as Determinants of the US Equity Premium Across Economic Regimes," Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 3(1), pages 27-53, April.
    14. Ricardo Lagos & Shengxing Zhang, 2018. "A Monetary Model of Bilateral Over-the-Counter Markets," NBER Working Papers 25239, National Bureau of Economic Research, Inc.
    15. Charles Calomiris, 2009. "Banking Crises and the Rules of the Game," NBER Working Papers 15403, National Bureau of Economic Research, Inc.
    16. Badamvaanchig, Mungunzul & Islam, Moinul & Kakinaka, Makoto, 2021. "Pass-through of commodity price to Mongolian stock price: Symmetric or asymmetric?," Resources Policy, Elsevier, vol. 70(C).
    17. Shaturaev, Jakhongir, 2023. "Impact of Cryptocurrency Market on the Performance of Stock Market- An Empirical Study," MPRA Paper 118244, University Library of Munich, Germany, revised 12 May 2023.
    18. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2008. "Inflation, Monetary Policy and Stock Market Conditions," NBER Working Papers 14019, National Bureau of Economic Research, Inc.

  37. Thomas Garrett & Gary Wagner & David Wheelock, 2007. "Regional disparities in the spatial correlation of state income growth, 1977–2002," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 41(3), pages 601-618, September.

    Cited by:

    1. Holmes, Mark J. & Otero, Jesús & Panagiotidis, Theodore, 2013. "Modelling the behaviour of unemployment rates in the US over time and across space," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(22), pages 5711-5722.
    2. Holmes, Mark J. & Otero, Jesús & Panagiotidis, Theodore, 2011. "Investigating regional house price convergence in the United States: Evidence from a pair-wise approach," Economic Modelling, Elsevier, vol. 28(6), pages 2369-2376.
    3. George W. Hammond & Mehmet S. Tosun, 2011. "The Impact Of Local Decentralization On Economic Growth: Evidence From U.S. Counties," Journal of Regional Science, Wiley Blackwell, vol. 51(1), pages 47-64, February.
    4. Yihua Yu & Li Zhang & Fanghua Li & Xinye Zheng, 2013. "Strategic interaction and the determinants of public health expenditures in China: a spatial panel perspective," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 50(1), pages 203-221, February.
    5. Thomas A. Garrett & Russell M. Rhine, 2011. "Economic freedom and employment growth in U.S. states," Review, Federal Reserve Bank of St. Louis, vol. 93(Jan), pages 1-18.
    6. Zheng, Xinye & Li, Fanghua & Song, Shunfeng & Yu, Yihua, 2013. "Central government's infrastructure investment across Chinese regions: A dynamic spatial panel data approach," China Economic Review, Elsevier, vol. 27(C), pages 264-276.
    7. Craig P. Aubuchon & David C. Wheelock, 2010. "The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?," Review, Federal Reserve Bank of St. Louis, vol. 92(Sep), pages 395-415.
    8. Uwaoma G. Nwaogu & Michael J. Ryan, 2015. "FDI, Foreign Aid, Remittance and Economic Growth in Developing Countries," Review of Development Economics, Wiley Blackwell, vol. 19(1), pages 100-115, February.
    9. Mitchener, Kris James & Wheelock, David C., 2013. "Does the structure of banking markets affect economic growth? Evidence from U.S. state banking markets," Explorations in Economic History, Elsevier, vol. 50(2), pages 161-178.
    10. Sebastian Langer, 2019. "Expenditure interactions between municipalities and the role of agglomeration forces: a spatial analysis for North Rhine-Westphalia," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(3), pages 497-527, June.
    11. Rodolfo Cermeño & María José Roa, 2013. "Desarrollo financiero, crecimiento y volatidad: Revisión de la literatura reciente," Documentos de Investigación - Research Papers 9, CEMLA.
    12. Byrne, Paul, 2017. "Economic Development Incentives, Reported Job Creation, and Local Employment," Working Papers 07791, George Mason University, Mercatus Center.
    13. Girardin, Eric & Kholodilin, Konstantin A., 2010. "How helpful are spatial effects in forecasting the growth of Chinese provinces?," BOFIT Discussion Papers 15/2010, Bank of Finland Institute for Emerging Economies (BOFIT).
    14. Yu, Huayi, 2012. "The influential factors of China's regional energy intensity and its spatial linkages: 1988–2007," Energy Policy, Elsevier, vol. 45(C), pages 583-593.
    15. Giulio Cainelli & Roberto Ganau & Marco Modica, 2018. "Does related variety affect regional resilience? New evidence from Italy," Papers in Evolutionary Economic Geography (PEEG) 1823, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised May 2018.
    16. Holmes, Mark J. & Otero, Jesús & Panagiotidis, Theodore, 2013. "On the dynamics of gasoline market integration in the United States: Evidence from a pair-wise approach," Energy Economics, Elsevier, vol. 36(C), pages 503-510.
    17. Arano, Kathleen G. & Srinivasan, Arun K., 2021. "Local Economies and Economic Growth, Does Location Matter? A Spatial Analysis in the Great Lakes Region," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 51(1), June.
    18. Rodolfo Cermeño & María Roa García & Claudio González-Vega, 2012. "Financial Development and Volatility of Growth: Time Series Evidence for Mexico and USA," DEGIT Conference Papers c017_035, DEGIT, Dynamics, Economic Growth, and International Trade.
    19. Mark J. Holmes & Jesús Otero & Theodore Panagiotidis, 2013. "A Note on the Extent of US Regional Income Convergence," Working Paper series 10_13, Rimini Centre for Economic Analysis.
    20. Jeetoo, Jamiil, 2022. "Spatial interaction effect in renewable energy consumption in sub-Saharan Africa," Renewable Energy, Elsevier, vol. 190(C), pages 148-155.
    21. Roberto Ganau, 2017. "Institutions and economic growth in Africa: a spatial econometric approach," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 34(3), pages 425-444, December.
    22. Jamiil Jeetoo, 2020. "Spillover effects in public healthcare expenditure in Sub‐Saharan Africa: A spatial panel analysis," African Development Review, African Development Bank, vol. 32(2), pages 257-268, June.
    23. Cristina D. Checherita, 2009. "Variations on economic convergence: The case of the United States," Papers in Regional Science, Wiley Blackwell, vol. 88(2), pages 259-278, June.
    24. Huayi Yu, 2015. "The spillovers and heterogeneous responses of housing prices: a GVAR analysis of China's 35 major cities," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 20(4), pages 535-558, October.
    25. Giuseppe Arbia, 2011. "A Lustrum of SEA: Recent Research Trends Following the Creation of the Spatial Econometrics Association (2007--2011)," Spatial Economic Analysis, Taylor & Francis Journals, vol. 6(4), pages 377-395, July.
    26. Viriya Taecharungroj, 2024. "Which Economic Sectors Influence Average Household Income? A Spatial Econometric Study of Thailand’s 76 Provinces," Economies, MDPI, vol. 12(2), pages 1-26, January.
    27. Liu, Yaobin, 2014. "Is the natural resource production a blessing or curse for China's urbanization? Evidence from a space–time panel data model," Economic Modelling, Elsevier, vol. 38(C), pages 404-416.
    28. Yankow, Jeffrey J., 2014. "A Longitudinal Analysis of the Impact of State Economic Freedom on Individual Wages," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 44(1).
    29. Nakazawa, Katsuyoshi & Matsuoka, Hirokazu, 2016. "Change in Strategic Interaction after Introducing Policy," MPRA Paper 73512, University Library of Munich, Germany.
    30. Rodolfo Cermeño Bazán & María Roa García & Claudio González Vega, 2012. "Financial Development and Growth Volatility: Time Series Evidence for Mexico and The United States," Working papers DTE 544, CIDE, División de Economía.

  38. Garrett, Thomas A. & Wheelock, David C., 2006. "Why Did Income Growth Vary Across States During the Great Depression?," The Journal of Economic History, Cambridge University Press, vol. 66(2), pages 456-466, June.
    See citations under working paper version above.
  39. David C. Wheelock, 2006. "What happens to banks when house prices fall? U.S. regional housing busts of the 1980s and 1990s," Review, Federal Reserve Bank of St. Louis, vol. 88(Sep), pages 413-430.

    Cited by:

    1. Craig P. Aubuchon & David C. Wheelock, 2010. "The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?," Review, Federal Reserve Bank of St. Louis, vol. 92(Sep), pages 395-415.
    2. William R. Emmons, 2008. "The mortgage crisis: let markets work, but compensate the truly needy," The Regional Economist, Federal Reserve Bank of St. Louis, issue Jul, pages 10-16.
    3. Chad R. Wilkerson & Megan D. Williams, 2011. "Booms and busts in household wealth: implications for Tenth District states," Economic Review, Federal Reserve Bank of Kansas City, vol. 96(Q II).
    4. Zohrabyan, Tatevik & Leatham, David J. & Bessler, David A., 2008. "Cointegration Analysis of Regional House Prices in U.S," 2007 Agricultural and Rural Finance Markets in Transition, October 4-5, 2007, St. Louis, Missouri 48138, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    5. Yang Hu & Les Oxley, 2016. "Bubbles in US Regional House Prices: Evidence from House Price/Income Ratios at the State Level," Working Papers in Economics 16/06, University of Waikato.
    6. Nneji, Ogonna & Brooks, Chris & Ward, Charles W.R., 2013. "House price dynamics and their reaction to macroeconomic changes," Economic Modelling, Elsevier, vol. 32(C), pages 172-178.
    7. Charles W. Calomiris, 2008. "The subprime turmoil: what’s old, what’s new, and what’s next," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 19-110.

  40. Thomas A. Garrett & Gary A. Wagner & David C. Wheelock, 2005. "A spatial analysis of state banking regulation," Papers in Regional Science, Wiley Blackwell, vol. 84(4), pages 575-595, November.
    See citations under working paper version above.
  41. David C. Wheelock, 2005. "Has the bond market forgotten oil?," Monetary Trends, Federal Reserve Bank of St. Louis, issue May.

    Cited by:

    1. Weißbach, Rafael & Ponyatovskyy, Vladyslav & Zimmermann, Guido, 2006. "The Yield of Ten-Year T-Bonds: Stumbling Towards a 'Good' Forecast," Technical Reports 2006,50, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen.

  42. David C. Wheelock & Paul W. Wilso, 2005. "The Contribution of On‐Site Examination Ratings to an Empirical Model of Bank Failures," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 4(4), pages 110-133, April.
    See citations under working paper version above.
  43. William Poole & David C. Wheelock, 2005. "The real population problem: too few working, too many retired," The Regional Economist, Federal Reserve Bank of St. Louis, issue Apr, pages 4-9.

    Cited by:

    1. Paula C. Albuquerque & João C. Lopes, 2010. "Economic impacts of ageing: an inter‐industry approach," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 37(12), pages 970-986, October.

  44. Gilbert, R. Alton & Wheelock, David C. & Wilson, Paul W., 2004. "New evidence on the Fed's productivity in providing payments services," Journal of Banking & Finance, Elsevier, vol. 28(9), pages 2175-2190, September.
    See citations under working paper version above.
  45. David C. Wheelock & Paul W. Wilson, 2004. "Trends in the efficiency of Federal Reserve check processing operations," Review, Federal Reserve Bank of St. Louis, vol. 86(Sep), pages 7-20.

    Cited by:

    1. David C. Wheelock & Paul W. Wilson, 2007. "Non-parametric, unconditional quantile estimation for efficiency analysis with an application to Federal Reserve check processing operations," Working Papers 2005-027, Federal Reserve Bank of St. Louis.
    2. Jorge Eduardo Galán Camacho & Miguel Sarmiento Paipilla, 2007. "Banknote Printing At Modern Central Banking:Trends, Costs, And Efficiency," Borradores de Economia 4393, Banco de la Republica.
    3. Cristina Suárez & Justo Jorge, 2010. "Efficiency convergence processes and effects of regulation in the nonspecialized retail sector in Spain," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 44(3), pages 573-597, June.
    4. Simar, Leopold & Wilson, Paul, 2015. "Statistical Approaches for Nonparametric Frontier Models: A Guided Tour," LIDAM Reprints ISBA 2015022, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    5. García-Alonso, Carlos R. & Salvador-Carulla, Luis & Fernández-Rodríguez, Vicente, 2015. "Evaluation of system efficiency using the Monte Carlo DEA: The case of small health areasAuthor-Name: Torres-Jiménez, Mercedes," European Journal of Operational Research, Elsevier, vol. 242(2), pages 525-535.

  46. Wheelock, David C. & Wilson, Paul W., 2004. "Consolidation in US banking: Which banks engage in mergers?," Review of Financial Economics, Elsevier, vol. 13(1-2), pages 7-39.
    See citations under working paper version above.
  47. Michael D. Bordo & David C. Wheelock, 2004. "Monetary policy and asset prices: a look back at past U.S. stock market booms," Review, Federal Reserve Bank of St. Louis, vol. 86(Nov), pages 19-44.
    See citations under working paper version above.
  48. Bordo, Michael D. & Dueker, Michael J. & Wheelock, David C., 2003. "Aggregate price shocks and financial stability: the United Kingdom 1796-1999," Explorations in Economic History, Elsevier, vol. 40(2), pages 143-169, April.
    See citations under working paper version above.
  49. David C. Wheelock, 2003. "Commentary on The real effects of U.S. banking deregulation," Review, Federal Reserve Bank of St. Louis, vol. 85(Jul), pages 129-134.

    Cited by:

    1. Thomas Garrett & Gary Wagner & David Wheelock, 2007. "Regional disparities in the spatial correlation of state income growth, 1977–2002," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 41(3), pages 601-618, September.
    2. Thomas A. Garrett & Gary A. Wagner & David C. Wheelock, 2005. "Regional disparities in the spatial correlation of state income growth," Working Papers 2005-061, Federal Reserve Bank of St. Louis.

  50. Michael D. Bordo & Michael J. Dueker & David C. Wheelock, 2002. "Aggregate Price Shocks and Financial Instability: A Historical Analysis," Economic Inquiry, Western Economic Association International, vol. 40(4), pages 521-538, October.
    See citations under working paper version above.
  51. Wheelock, David C. & Wilson, Paul W., 2001. "New evidence on returns to scale and product mix among U.S. commercial banks," Journal of Monetary Economics, Elsevier, vol. 47(3), pages 653-674, June.
    See citations under working paper version above.
  52. Rik Hafer & David C. Wheelock, 2001. "The rise and fall of a policy rule: monetarism at the St. Louis Fed, 1968-1986," Review, Federal Reserve Bank of St. Louis, vol. 83(Jan), pages 1-24.

    Cited by:

    1. Michael Woodford, 2008. "How Important Is Money in the Conduct of Monetary Policy?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(8), pages 1561-1598, December.
    2. Manfred Gärtner, 2006. "The political economy of monetary policy conduct and central bank design," University of St. Gallen Department of Economics working paper series 2006 2006-25, Department of Economics, University of St. Gallen.
    3. Rik Hafer & David C. Wheelock, 2013. "Darryl Francis and the Making of Monetary Policy, 1966-1975," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 469-486.
    4. Harold J. Brumm, 2005. "Money Growth, Output Growth, and Inflation: A Reexamination of the Modern Quantity Theory's Linchpin Prediction," Southern Economic Journal, John Wiley & Sons, vol. 71(3), pages 661-667, January.
    5. Rik Hafer, 2001. "What remains of monetarism?," Economic Review, Federal Reserve Bank of Atlanta, vol. 86(Q4), pages 13-33.
    6. Kevin L. Kliesen & David C. Wheelock, 2020. "Managing a New Policy Framework: Paul Volcker, the St. Louis Fed, and the 1979-82 War on Inflation," Working Papers 2020-022, Federal Reserve Bank of St. Louis.
    7. Donald H. Dutkowsky & Barry Z. Cynamon & Barry E. Jones, 2006. "U.S. Narrow Money for the Twenty-First Century," Economic Inquiry, Western Economic Association International, vol. 44(1), pages 142-152, January.
    8. Cheng-Wen Lee & Andrian Dolfriandra Huruta, 2021. "Reexamining The Quantity Theory Of Money: An Empirical Analysis From The Joint Hypothesis," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 19(1), pages 3-12, May.
    9. Manfred Gärtner, 2002. "Monetary policy and central bank behaviour," University of St. Gallen Department of Economics working paper series 2002 2002-24, Department of Economics, University of St. Gallen.
    10. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093.

  53. David C. Wheelock, 2000. "Are the Fed and financial markets in sync?," Monetary Trends, Federal Reserve Bank of St. Louis, issue Oct.

    Cited by:

    1. Adrienne Kearney & Raymond Lombra, 2003. "Fed funds futures and the news," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 31(4), pages 330-337, December.

  54. Daniel L. Thornton & David C. Wheelock, 2000. "A history of the asymmetric policy directive," Review, Federal Reserve Bank of St. Louis, vol. 82(Sep), pages 1-16.

    Cited by:

    1. Glenn D. Rudebusch & John C. Williams, 2008. "Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections," NBER Chapters, in: Asset Prices and Monetary Policy, pages 247-289, National Bureau of Economic Research, Inc.
    2. Andreas M. Fischer & Angelo Ranaldo, 2008. "Does FOMC News Increase Global FX Trading?," Working Papers 2008-09, Swiss National Bank.
    3. Robert H. Rasche & Daniel L. Thornton, 2002. "The FOMC's balance-of-risks statement and market expectations of policy actions," Review, Federal Reserve Bank of St. Louis, vol. 84(Sep), pages 37-50.
    4. Charles A. E. Goodhart, 2001. "Monetary transmission lags and the formulation of the policy decision on interest rates," Review, Federal Reserve Bank of St. Louis, vol. 83(Jul), pages 165-186.
    5. Lucio Sarno & Daniel L. Thornton, 2002. "The dynamic relationship between the federal funds rate and the Treasury bill rate: an empirical investigation," Working Papers 2000-032, Federal Reserve Bank of St. Louis.
    6. Michael Ehrmann & Marcel Fratzscher, 2007. "Transparency, Disclosure, and the Federal Reserve," International Journal of Central Banking, International Journal of Central Banking, vol. 3(1), pages 179-225, March.
    7. Michael R. Pakko, 2005. "On the Information Content of Asymmetric FOMC Policy Statements: Evidence From a Taylor-Rule Perspective," Economic Inquiry, Western Economic Association International, vol. 43(3), pages 558-569, July.
    8. Alessandro Riboni & Francisco Ruge-Murcia, 2020. "The Power of the Federal Reserve Chair," Cahiers de recherche 20-2020, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    9. Ellen E. Meade & David Stasavage, 2008. "Publicity of Debate and the Incentive to Dissent: Evidence from the US Federal Reserve," Economic Journal, Royal Economic Society, vol. 118(528), pages 695-717, April.
    10. Pierre L. Siklos, 2003. "Assessing the Impact of Changes in Transparency and Accountability at the Bank of Canada," Canadian Public Policy, University of Toronto Press, vol. 29(3), pages 279-299, September.
    11. Daniel L. Thornton, 2005. "When did the FOMC begin targeting the federal funds rate? what the verbatim transcripts tell us," Working Papers 2004-015, Federal Reserve Bank of St. Louis.
    12. Thornton, Daniel L., 2000. "The relationship between the federal funds rate and the Fed's federal funds rate target: is it open market or open mouth operations?," Discussion Paper Series 1: Economic Studies 2000,09, Deutsche Bundesbank.
    13. Nautz, Dieter & Schmidt, Sandra, 2008. "Monetary Policy Implementation and the Federal Funds Rate," ZEW Discussion Papers 08-025, ZEW - Leibniz Centre for European Economic Research.
    14. Alan S. Blinder & Michael Ehrmann & Marcel Fratzscher & Jakob De Haan & David-Jan Jansen, 2008. "Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence," NBER Working Papers 13932, National Bureau of Economic Research, Inc.
    15. George A. Kahn, 2007. "Communicating a policy path: the next frontier in central bank transparency?," Economic Review, Federal Reserve Bank of Kansas City, vol. 92(Q I), pages 25-51.
    16. Thornton, Daniel L., 2004. "The Fed and short-term rates: Is it open market operations, open mouth operations or interest rate smoothing?," Journal of Banking & Finance, Elsevier, vol. 28(3), pages 475-498, March.

  55. David C. Wheelock & Paul W. Wilson, 2000. "Why do Banks Disappear? The Determinants of U.S. Bank Failures and Acquisitions," The Review of Economics and Statistics, MIT Press, vol. 82(1), pages 127-138, February.
    See citations under working paper version above.
  56. Wheelock, David C., 1999. "Monetary Policy and the Great Inflation in the United States: The Federal Reserve and the Failure of Macroeconomic Policy, 1965–79. By Thomas Mayer. Cheltenham, U.K. and Borthamption, MA: Edward Elg," The Journal of Economic History, Cambridge University Press, vol. 59(4), pages 1130-1131, December.

    Cited by:

    1. Rik Hafer & David C. Wheelock, 2013. "Darryl Francis and the Making of Monetary Policy, 1966-1975," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 469-486.

  57. David C. Wheelock, 1999. "The FOMC in 1998: can it get any better than this?," Review, Federal Reserve Bank of St. Louis, vol. 81(Jul), pages 11-22.

    Cited by:

    1. James S. Fackler & W. Douglas McMillin, 2002. "Evaluating Monetary Policy Options," Southern Economic Journal, John Wiley & Sons, vol. 68(4), pages 794-810, April.
    2. Daniel L. Thornton, 2012. "Greenspan’s conundrum and the Fed’s ability to affect long-term yields," Working Papers 2012-036, Federal Reserve Bank of St. Louis.

  58. Wheelock, David C & Wilson, Paul W, 1999. "Technical Progress, Inefficiency, and Productivity Change in U.S. Banking, 1984-1993," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(2), pages 212-234, May.
    See citations under working paper version above.
  59. Michael D. Bordo & David C. Wheelock, 1998. "Price stability and financial stability: the historical record," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 41-62.

    Cited by:

    1. von Peter, Goetz, 2009. "Asset prices and banking distress: A macroeconomic approach," Journal of Financial Stability, Elsevier, vol. 5(3), pages 298-319, September.
    2. Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance & Francesco Saraceno, 2015. "Assessing the link between price and financial stability," Post-Print hal-03399269, HAL.
    3. Curott, Nicholas & Watts, Tyler, 2016. "What Caused the Recession of 1797?," Studies in Applied Economics 48, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    4. Kenneth Kuttner, 2011. "Monetary Policy and Asset Price Volatility: Should We Refill the Bernanke-Gertler Prescription?," Department of Economics Working Papers 2011-04, Department of Economics, Williams College, revised Jun 2011.
    5. Goetz von Peter, 2005. "Debt-Deflation: Concepts, and a Stylised Model," Macroeconomics 0505001, University Library of Munich, Germany.
    6. Dimas M. Fazio & Benjamin M. Tabak & Daniel O. Cajueiro, 2014. "Inflation Targeting and Banking System Soundness: A Comprehensive Analysis," Working Papers Series 347, Central Bank of Brazil, Research Department.
    7. Yung Chul Park, 2011. "The Role of Macroprudential Policy for Financial Stability in East Asia’s Emerging Economies," Macroeconomics Working Papers 23252, East Asian Bureau of Economic Research.
    8. Fazio, Dimas M. & Tabak, Benjamin M. & Cajueiro, Daniel O., 2015. "Inflation targeting: Is IT to blame for banking system instability?," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 76-97.
    9. Frappa, S. & Mésonnier, J-S., 2009. "The housing price boom of the late ’90s: did inflation targeting matter?," Working papers 255, Banque de France.
    10. Levieuge, G. & Lucotte, Y. & Pradines-Jobet, F., 2019. "Central banks’ preferences and banking sector vulnerability," Journal of Financial Stability, Elsevier, vol. 40(C), pages 110-131.
    11. Michael Bordo, 2000. "Sound Money and Sound Financial Policy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(2), pages 129-155, December.
    12. Angela Roman & Irina Bilan, 2009. "The monetary policy and the financial stability in the context of globalization," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 56, pages 143-156, November.
    13. João Sousa Andrade, 2003. "Régimes Monétaires et Théorie Quantitative du Produit Nominal au Portugal (1854-1998)," GEMF Working Papers 2003-06, GEMF, Faculty of Economics, University of Coimbra.
    14. Nicholas A. Curott & Tyler A. Watts, 2018. "A Monetary Explanation for the Recession of 1797," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(3), pages 381-399, June.
    15. Mohamed Zouaoui & Geneviève Nouyrigat & Francisca Beer, 2011. "How does investor sentiment affect stock market crises?Evidence from panel data," Working Papers CREGO 1110304, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    16. Alexandros Kontonikas & Alberto Montagnoli & Nicola Spagnolo, 2006. "Stock Returns and Inflation: The Impact of Inflation Targeting," Working Papers 2005_11, Business School - Economics, University of Glasgow.
    17. Fazio, Dimas Mateus & Silva, Thiago Christiano & Tabak, Benjamin Miranda & Cajueiro, Daniel Oliveira, 2018. "Inflation targeting and financial stability: Does the quality of institutions matter?," Economic Modelling, Elsevier, vol. 71(C), pages 1-15.
    18. Robert L. Hetzel, 2009. "Should increased regulation of bank risk-taking come from regulators or from the market?," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 95(Spr), pages 161-200.
    19. Jayantee SAHOO, 2020. "Financial stress index, growth and price stability in India: Some recent evidence," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(622), S), pages 105-124, Spring.
    20. Bergman, U. Michael & Hansen, Jan, 2002. "Financial Instability and Monetary Policy: The Swedish Evidence," Working Paper Series 137, Sveriges Riksbank (Central Bank of Sweden).
    21. Lukáš Pfeifer & Zdeněk Pikhart, 2014. "Vztah finanční a cenové stability v podmínkách ČR [The Relationship of Financial and Price Stability in the Context of the Czech Republic]," Politická ekonomie, Prague University of Economics and Business, vol. 2014(1), pages 49-66.
    22. Goetz von Peter, 2003. "A Unified Approach to Credit Crunches, Financial Instability, and Banking Crises," Macroeconomics 0312006, University Library of Munich, Germany.
    23. Eric Tymoigne, 2006. "Asset Prices, Financial Fragility, and Central Banking," Economics Working Paper Archive wp_456, Levy Economics Institute.
    24. Yilmaz Akyüz, 2009. "Mananging Financial Instability: Why Prudence is not Enough?," Working Papers 86, United Nations, Department of Economics and Social Affairs.
    25. Michael D. Bordo & Antu P. Murshid, 2000. "Are Financial Crises Becoming Increasingly More Contagious? What is the Historical Evidence on Contagion?," NBER Working Papers 7900, National Bureau of Economic Research, Inc.
    26. Rockoff, Hugh & White, Eugene N., 2012. "Monetary Regimes and Policy on a Global Scale: The Oeuvre of Michael D. Bordo," MPRA Paper 49672, University Library of Munich, Germany, revised May 2013.
    27. Marius Constantin Apostoaie, 2010. "Consideration on the price stability – financial stability relationship in the context of financial globalization," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 15.
    28. Frappa, Sébastien & Mésonnier, Jean-Stéphane, 2010. "The housing price boom of the late 1990s: Did inflation targeting matter?," Journal of Financial Stability, Elsevier, vol. 6(4), pages 243-254, December.
    29. VAN OVERFELT, Wouter & ANNAERT, Jan & DE CEUSTER, Marc & DELOOF, Marc, 2007. "Do universal banks create value? Universal bank affiliation and company performance in Belgium, 1905-1909," Working Papers 2007001, University of Antwerp, Faculty of Business and Economics.
    30. M. Zouaoui & G. Nouyrigat & F. Beer, 2010. "How does investor sentiment affect stock market crises? Evidence from panel data," Post-Print halshs-00534754, HAL.
    31. Goetz von Peter, 2004. "Asset Prices and Banking Distress: A Macroeconomic Approach," Finance 0411034, University Library of Munich, Germany.
    32. Gianni Toniolo & Eugene N. White, 2015. "The Evolution of the Financial Stability Mandate: From Its Origins to the Present Day," NBER Working Papers 20844, National Bureau of Economic Research, Inc.
    33. Brousseau, Vincent & Detken, Carsten, 2001. "Monetary policy and fears of financial instability," Working Paper Series 89, European Central Bank.
    34. Dridi, Ichrak & Boughrara, Adel, 2021. "On the effect of full-fledged IT adoption on stock returns and their conditional volatility: Evidence from propensity score matching," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 179-194.

  60. Michelle Clark Neely & David C. Wheelock, 1997. "Why does bank performance vary across states?," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 27-40.

    Cited by:

    1. Ghosh, Amit, 2017. "Do bank failures still matter in affecting regional economic activity?," Journal of Economics and Business, Elsevier, vol. 90(C), pages 1-16.
    2. Hong Liu & Phil Molyneux & John O. S. Wilson, 2013. "Competition And Stability In European Banking: A Regional Analysis," Manchester School, University of Manchester, vol. 81(2), pages 176-201, March.
    3. Souad Hammami & Mongi Lassoued & Ahmed Berteji, 2018. "The Tunisian Banks Performance," Noble International Journal of Economics and Financial Research, Noble Academic Publsiher, vol. 3(1), pages 1-19, January.
    4. Abdelkader Derbali & Lamia Jamel, 2014. "Determinants of performance of Tunisia insurance companies: Case of life insurance," Post-Print hal-01695997, HAL.
    5. Gammadigbé, Vigninou, 2012. "Stress test macroéconomique du système bancaire de l'UEMOA [Macroeconomic stress testing of the WAEMU banking system]," MPRA Paper 39214, University Library of Munich, Germany, revised May 2012.
    6. Pierre-Guillaume Méon & Laurent Weill, 2003. "Can Mergers in Europe Help Banks Hedge Against Macroeconomic Risk," Working Papers of LaRGE Research Center 2003-05, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    7. Fabio Di Vittorio & Delong Li & Hanlei Yun, 2018. "On Bank Consolidation in a Currency Union," IMF Working Papers 2018/092, International Monetary Fund.
    8. Paraskevi Katsiampa & Paul B. McGuinness & Jean-Philippe Serbera & Kun Zhao, 2022. "The financial and prudential performance of Chinese banks and Fintech lenders in the era of digitalization," Review of Quantitative Finance and Accounting, Springer, vol. 58(4), pages 1451-1503, May.
    9. Dietrich, Andreas & Wanzenried, Gabrielle, 2014. "The determinants of commercial banking profitability in low-, middle-, and high-income countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(3), pages 337-354.
    10. Krzysztof Jackowicz & Oskar Kowalewski & Łukasz Kozłowski, 2011. "The Short and Long Term Performance Persistence in the Central European Banking Industry," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 5(4), December.
    11. Awojobi, Omotola & Amel, Roya & Norouzi, Safoura, 2011. "Analysing Risk Management in Banks: Evidence of Bank Efficiency and Macroeconomic Impact," MPRA Paper 33590, University Library of Munich, Germany, revised 17 Jul 2011.
    12. Thomas B. King & Timothy J. Yeager, 2004. "Are the causes of bank distress changing? can researchers keep up?," Supervisory Policy Analysis Working Papers 2004-07, Federal Reserve Bank of St. Louis.
    13. Boyreau-Debray, Genevieve, 2003. "Financial intermediation and growth - Chinese style," Policy Research Working Paper Series 3027, The World Bank.
    14. Tahiri, Noor Rahman, 2018. "Financial Analysis of Afghanistan International Bank," MPRA Paper 88663, University Library of Munich, Germany, revised 26 Aug 2018.
    15. Timothy J. Yeager, 2002. "The demise of community banks? local economic shocks aren't to blame," Supervisory Policy Analysis Working Papers 2002-03, Federal Reserve Bank of St. Louis.
    16. Fadzlan Sufian, 2009. "Factors Influencing Bank Profitability in a Developing Economy," Global Business Review, International Management Institute, vol. 10(2), pages 225-241, July.
    17. Christian-Lambert Lambert Nguena & Roger Tsafack-Nanfosso, 2014. "On the Sensitivity of Banking Activity to Macroeconomic Shocks: Evidence from CEMAC Sub-region [Sensibilité du Secteur Bancaire aux Chocs Macroéconomiques: Cas de la sous-région CEMAC]," Post-Print halshs-01097850, HAL.
    18. Xu, Feng C., 2021. "The Influence of IFRS Adoption," OSF Preprints drxue, Center for Open Science.
    19. Majid Karimzadeh & S. Jawed Akhtar & Behzad Karimzadeh, 2013. "Determinants of Profitability of Banking Sector in India," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 20(2), pages 211-219, October.
    20. Sinha, Pankaj & Sharma, Sakshi, 2014. "Determinants of bank profits and its persistence in Indian Banks: A study in a dynamic panel data framework," MPRA Paper 61379, University Library of Munich, Germany, revised 16 Jan 2015.
    21. Martins, António Miguel & Serra, Ana Paula & Stevenson, Simon, 2019. "Determinants of real estate bank profitability," Research in International Business and Finance, Elsevier, vol. 49(C), pages 282-300.
    22. Shiers, Alden F., 2002. "Branch banking, economic diversity and bank risk," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(3), pages 587-598.
    23. Kalluru Siva Reddy, 2021. "Are Banks in India Diversified Enough, Geographically, Across States and Economic Sectors?," Review of Development and Change, , vol. 26(1), pages 83-103, June.
    24. NOR HAYATI BT AHMAD & MOHAMAD AKBAR NOOR BIN MOHAMAD Noor, 2012. "The Impact of 1998 and 2008 Financial Crises on Profitability of Islamic Banks," Working Papers id:4993, eSocialSciences.
    25. Dhananjay Bapat, 2018. "Profitability drivers for Indian banks: a dynamic panel data analysis," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 8(4), pages 437-451, December.
    26. Petras, Matthias, 2022. "Increasing profitability through contingent convertible capital: Empirical evidence from European banks," Global Finance Journal, Elsevier, vol. 52(C).
    27. William R. Emmons & R. Alton Gilbert & Timothy J. Yeager, 2002. "Scale economies and geographic diversification as forces driving community bank mergers," Supervisory Policy Analysis Working Papers 2002-02, Federal Reserve Bank of St. Louis.
    28. Yeager, Timothy J., 2004. "The demise of community banks? Local economic shocks are not to blame," Journal of Banking & Finance, Elsevier, vol. 28(9), pages 2135-2153, September.
    29. Fadzlan Sufian, 2010. "Financial depression and the profitability of the banking sector of the Republic of Korea: panel evidence on bank-specific and macroeconomic determinants," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 17(2), pages 65-92, December.
    30. Dietrich, Andreas & Wanzenried, Gabrielle, 2011. "Determinants of bank profitability before and during the crisis: Evidence from Switzerland," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 21(3), pages 307-327, July.
    31. Kris James Mitchener, 2004. "Bank Supervision, Regulation, and Instability During the Great Depression," NBER Working Papers 10475, National Bureau of Economic Research, Inc.
    32. Xu, Feng C., 2021. "The Implications of Social Networks on the Quality of Accounting Information," OSF Preprints pcwf9, Center for Open Science.
    33. Kalluru Siva REDDY*, 2011. "Determinants of Commercial Banks Profit Ability in India: A Dynamic Panel Data Model Approach," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 21, pages 15-36.
    34. Hongxing Yao & Muhammad Haris & Gulzara Tariq, 2018. "Profitability Determinants of Financial Institutions: Evidence from Banks in Pakistan," IJFS, MDPI, vol. 6(2), pages 1-28, May.
    35. Stoyu I. Ivanov, 2014. "Performance Analysis Of Banks Headquartered In Hollywood Versus Silicon Valley," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 8(2), pages 33-43.
    36. Jeffery W. Gunther & Kenneth J. Robinson, 1999. "Industry mix and lending environment variability: what does the average bank face," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q II, pages 24-31.
    37. William R. Emmons & R. Alton Gilbert & Timothy J. Yeager, 2001. "The importance of scale economies and geographic diversification in community bank mergers," Working Papers 2001-024, Federal Reserve Bank of St. Louis.
    38. Osuagwu, Eze, 2014. "Determinants of Bank Profitability in Nigeria," MPRA Paper 60948, University Library of Munich, Germany.
    39. Apergis, Nicholas, 2014. "The long-term role of non-traditional banking in profitability and risk profiles: Evidence from a panel of U.S. banking institutions," Journal of International Money and Finance, Elsevier, vol. 45(C), pages 61-73.
    40. Albert DePrince & William Ford & Pamela Morris, 2011. "Some causes of interstate differences in community bank performance," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 35(1), pages 22-40, January.
    41. Dolly Gaur & Dipti Ranjan Mohapatra, 2021. "Non-performing Assets and Profitability: Case of Indian Banking Sector," Vision, , vol. 25(2), pages 180-191, June.
    42. Anyars Mahmud, 2022. "Impact of Bank Regulations on Banks' Profitability: Cross-Country Evidence," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 8(2), pages 217-232.
    43. Masagus M. Ridhwan & Henri L.F. de Groot & Piet Rietveld & Peter Nijkamp, 2012. "Regional Interest Rate Variations: Evidence from the Indonesian Credit Markets," Tinbergen Institute Discussion Papers 12-073/3, Tinbergen Institute.
    44. William Emmons & R. Gilbert & Timothy Yeager, 2004. "Reducing the Risk at Small Community Banks: Is it Size or Geographic Diversification that Matters?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 25(2), pages 259-281, April.
    45. Christian Lambert Nguena & Roger Tsafack Nanfosso, 2013. "On the Sensitivity of Banking Activity Shocks: Evidence from the CEMAC Sub-region," AAYE Policy Research Working Paper Series 13_007, Association of African Young Economists, revised Nov 2013.
    46. George Emmanuel Iatridis & Anthony Dionysus Persakis, 2012. "Bank profitability determinants under IFRSs," International Journal of Economics and Accounting, Inderscience Enterprises Ltd, vol. 3(1), pages 77-99.
    47. Timothy J. Yeager, 2002. "Community bank performance in the presence of county economic shocks," Supervisory Policy Analysis Working Papers 2002-11, Federal Reserve Bank of St. Louis.
    48. Panayiotis P. Athanasoglou & Matthaios D. Delis & Christos K. Staikouras, 2006. "Determinants of Bank Profitability in the South Eastern European Region," Working Papers 47, Bank of Greece.
    49. Athanasoglou, Panayiotis P. & Brissimis, Sophocles N. & Delis, Matthaios D., 2008. "Bank-specific, industry-specific and macroeconomic determinants of bank profitability," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 18(2), pages 121-136, April.
    50. Abdelaziz Rouabah, 2006. "La sensibilité de l'activité bancaire aux chocs macroéconomiques : une analyse en panel sur des données de banques luxembourgeoises," BCL working papers 21, Central Bank of Luxembourg.
    51. Frederick T. Furlong & John Krainer, 2007. "Regional economic conditions and the variability of rates of return in commercial banking," Working Paper Series 2007-21, Federal Reserve Bank of San Francisco.
    52. Becher, David A., 2009. "Bidder returns and merger anticipation: Evidence from banking deregulation," Journal of Corporate Finance, Elsevier, vol. 15(1), pages 85-98, February.
    53. Krzysztof Jackowicz, 2009. "Determinants of winning and losing persistence in the Polish banking sector," Bank i Kredyt, Narodowy Bank Polski, vol. 40(3), pages 5-23.
    54. Eric Kwaku Attefah & Ernest Appiah Darko, 2016. "Financial Ratios Approach to Evaluating Financial Performance of Cal Bank Ghana from 2010 to 2014," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(6), pages 150-176, June.
    55. Ridhwan, M.M. & Nijkamp, P. & Rietveld, P., 2008. "Regional development and monetary policy : a review of the role of monetary unions, capital mobility and locational effects," Serie Research Memoranda 0007, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    56. Fadzlan Sufian & Muzafar Shah Habibullah, 2010. "Developments in the efficiency of the Thailand banking sector: a DEA approach," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 9(3), pages 226-245, September.
    57. Sufian, Fadzlan & Habibullah, Muzafar Shah, 2012. "Globalizations and bank performance in China," Research in International Business and Finance, Elsevier, vol. 26(2), pages 221-239.
    58. Fadzlan Sufian & Muzafar Shah Habibullah, 2012. "Developments in the efficiency of the Malaysian banking sector: the impacts of financial disruptions and exchange rate regimes," Progress in Development Studies, , vol. 12(1), pages 19-46, January.
    59. Sufian, Fadzlan & Habibullah, Muzafar Shah, 2010. "Does economic freedom fosters banks’ performance? Panel evidence from Malaysia," Journal of Contemporary Accounting and Economics, Elsevier, vol. 6(2), pages 77-91.

  61. Michael R. Pakko & David C. Wheelock, 1996. "Monetary policy and financial market expectations: what did they know and when did they know it?," Review, Federal Reserve Bank of St. Louis, vol. 78(Jul), pages 19-32.

    Cited by:

    1. John C. Robertson & Daniel L. Thornton, 1997. "Using federal funds futures rates to predict Federal Reserve actions," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 45-53.
    2. Söderström, Ulf, 1999. "Predicting monetary policy using federal funds futures prices," SSE/EFI Working Paper Series in Economics and Finance 307, Stockholm School of Economics.
    3. Stylianos X. Koufadakis, 2015. "Asymmetries on Closed End Country Funds Premium and Monetary Policy Announcements: An Approach Trough the Perspective of Foreign Countries," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 65(3-4), pages 29-65, july-Dece.
    4. Sébastien Wälti, 2003. "Contagion and interdependence among Central European economies: the impact of common external shocks," IHEID Working Papers 02-2003, Economics Section, The Graduate Institute of International Studies.
    5. International Monetary Fund, 2013. "United States: Selected Issues," IMF Staff Country Reports 2013/237, International Monetary Fund.

  62. David C. Wheelock, 1995. "Regulation, market structure and the bank failures of the Great Depression," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 27-38.

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    1. Mark Carlson, 2004. "Are Branch Banks Better Survivors? Evidence from the Depression Era," Economic Inquiry, Western Economic Association International, vol. 42(1), pages 111-126, January.
    2. Efraim Benmelech & Carola Frydman & Dimitris Papanikolaou, 2017. "Financial Frictions and Employment during the Great Depression," NBER Working Papers 23216, National Bureau of Economic Research, Inc.
    3. Mark A. Carlson & Kris James Mitchener, 2005. "Branch banking, bank competition, and financial stability," Finance and Economics Discussion Series 2005-20, Board of Governors of the Federal Reserve System (U.S.).
    4. Garrett, Thomas A. & Wheelock, David C., 2006. "Why Did Income Growth Vary Across States During the Great Depression?," The Journal of Economic History, Cambridge University Press, vol. 66(2), pages 456-466, June.
    5. Kris James Mitchener, 2004. "Bank Supervision, Regulation, and Instability During the Great Depression," NBER Working Papers 10475, National Bureau of Economic Research, Inc.
    6. Kris James Mitchener, 2006. "Are Prudential Supervision and Regulation Pillars of Financial Stability? Evidence from the Great Depression," NBER Working Papers 12074, National Bureau of Economic Research, Inc.
    7. Michael D. Bordo & John Landon-Lane, 2010. "The Lessons from the Banking Panics in the United States in the 1930s for the Financial Crisis of 2007-2008," NBER Working Papers 16365, National Bureau of Economic Research, Inc.
    8. Sanjiv R. Das & Kris James Mitchener & Angela Vossmeyer, 2022. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(5), pages 1261-1312, August.

  63. David C. Wheelock & Paul W. Wilson, 1995. "Evaluating the efficiency of commercial banks: does our view of what banks do matter?," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 39-52.

    Cited by:

    1. Oxelheim, Lars & Rafferty, Michael, 2002. "On the Static Efficiency of Secondary Bond Markets," Working Paper Series 2001/7, Lund University, Institute of Economic Research.
    2. I Nyoman Wijana Asmara Putra & Ni Made Dwi Ratnadi, 2021. "Intellectual Capital and Its Disclosure on Firm Value: Evidence of Indonesian Banking Industries," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 10(1), pages 86-95, January.
    3. Paul W. Wilson & Shirong Zhao, 2023. "Investigating the performance of Chinese banks over 2007–2014," Annals of Operations Research, Springer, vol. 321(1), pages 663-692, February.
    4. Sathye, Milind, 2003. "Efficiency of banks in a developing economy: The case of India," European Journal of Operational Research, Elsevier, vol. 148(3), pages 662-671, August.
    5. Malgorzata Pawlowska, 2003. "The Impact of M&A on Technical Efficiency, Scale Efficiency and Productivity Change in the Polish Banking Sector: a Non-Parametric Approach," NBP Working Papers 29, Narodowy Bank Polski.
    6. Necmi Avkiran, 2000. "Rising productivity of Australian trading banks under deregulation 1986–1995," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 24(2), pages 122-140, June.
    7. Ying Xu, 2011. "Foreign Strategic Investment and Banking Efficiency in China," Chapters, in: Lilai Xu (ed.), China’s Economy in the Post-WTO Environment, chapter 6, Edward Elgar Publishing.
    8. Etienne Farvaque & Catherine Refait-Alexandre & Laurent Weill, 2012. "Are Transparent Banks More Efficient?," Eastern European Economics, Taylor & Francis Journals, vol. 50(4), pages 60-77, July.
    9. Saha, Asish & Ravisankar, T. S., 2000. "Rating of Indian commercial banks: A DEA approach," European Journal of Operational Research, Elsevier, vol. 124(1), pages 187-203, July.
    10. Laurent Weill, 2006. "Cost efficiency of Belgian banks during the 90s," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 49(1), pages 21-36.
    11. Segun Thompson Bolarinwa & Olawale Akinyele & Xuan Vinh Vo, 2021. "Determinants of nonperforming loans after recapitalization in the Nigerian banking industry: Does efficiency matter?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(6), pages 1509-1524, September.
    12. Anca Podpiera & Jiri Podpiera, 2005. "Deteriorating Cost Efficiency in Commercial Banks Signals an Increasing Risk of Failure," Working Papers 2005/06, Czech National Bank.
    13. Jiri Podpiera & Laurent Weill, 2007. "Bad Luck or Bad Management? Emerging Banking Market Experience," Working Papers 2007/5, Czech National Bank.
    14. Ali Awdeh & Chawki El Moussawi, 2009. "Bank Efficiency and Foreign Ownership in the Lebanese Banking Sector," Post-Print hal-00844828, HAL.
    15. Emhamad Elmansori & Adel S. Al-Hindawi, 2022. "The impact of organizational change strategies on competitive advantage in commercial banks in Al-Bayda City-Libya," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 11(1), pages 85-97, January.
    16. Avkiran, Necmi K., 2006. "Developing foreign bank efficiency models for DEA grounded in finance theory," Socio-Economic Planning Sciences, Elsevier, vol. 40(4), pages 275-296, December.
    17. Farrag Noha & Lang Günter, 2015. "Is Bigger Better for Egyptian Banks? An Efficiency Analysis of the Egyptian Banks during a Period of Reform 2000–2006," Review of Middle East Economics and Finance, De Gruyter, vol. 11(3), pages 225-248, December.
    18. Laurent Weill, 2006. "Propriété étrangère et efficience technique des banques dans les pays en transition. Une analyse par la méthode dea," Revue économique, Presses de Sciences-Po, vol. 57(5), pages 1093-1108.
    19. Doris Neu Berger, 1998. "Industrial Organization of Banking: A Review," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 5(1), pages 97-118.
    20. Durguti Esat A., 2020. "Challenges of Banking Profitability in Eurozone Countries: Analysis of Specific and Macroeconomic Factors," Naše gospodarstvo/Our economy, Sciendo, vol. 66(4), pages 1-10, December.
    21. Rym Ayadi & Georges Pujals, 2005. "Banking Mergers and Acquisitions in the EU: Overview, Assessment and Prospects," SUERF Studies, SUERF - The European Money and Finance Forum, number 2005/3 edited by Morten Balling, May.
    22. Simar, Leopold & Wilson, Paul, 2015. "Statistical Approaches for Nonparametric Frontier Models: A Guided Tour," LIDAM Reprints ISBA 2015022, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    23. Laurent Weill, 2003. "Banking efficiency in transition economies," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 11(3), pages 569-592, September.
    24. Hooy, Chee-Wooi & Chan, Sok-Gee, 2014. "Technological Innovation in Services and the Efficiency of Malaysian Commercial Banks," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 48(2), pages 111-125.
    25. Avkiran, Necmi Kemal, 1999. "The evidence on efficiency gains: The role of mergers and the benefits to the public," Journal of Banking & Finance, Elsevier, vol. 23(7), pages 991-1013, July.
    26. Viktor Zavhorodniy & Janusz Kudła, 2017. "Zmiany efektywności banków w Rosji po wprowadzeniu międzynarodowych sankcji w 2014 r," Bank i Kredyt, Narodowy Bank Polski, vol. 48(1), pages 97-118.
    27. Małgorzata Guzowska & Tomasz Strąk, 2010. "An examination of the efficiency of Polish public sector entities based on public prosecutor offices," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 20(2), pages 41-57.
    28. Ather Hassan Dar & Somesh Kumar Mathur & Sila Mishra, 2021. "The Efficiency of Indian Banks: A DEA, Malmquist and SFA Analysis with Bad Output," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 19(4), pages 653-701, December.
    29. Marcin Korytowski, 2018. "Banks’ profitability determinants in post-crisis European Union," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 7(1), pages 01-12, January.
    30. Anne Marie Knott & Hart E. Posen & Brian Wu, 2009. "Spillover Asymmetry and Why It Matters," Management Science, INFORMS, vol. 55(3), pages 373-388, March.
    31. Asish Saha & Nor Hayati Ahmad & Umakant Dash, 2015. "Drivers of technical efficiency in Malaysian banking: a new empirical insight," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 29(1), pages 161-173, May.
    32. Garden, Kaylee A. & Ralston, Deborah E., 1999. "The x-efficiency and allocative efficiency effects of credit union mergers," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 9(3), pages 285-301, August.
    33. KAMGNA, Severin Yves & DIMOU, Leonnel, 2008. "Efficacité technique des banques de la CEMAC [Technical efficiency of the banks of the CEMAC]," MPRA Paper 9603, University Library of Munich, Germany.
    34. Singh, Baljeet & Elkanj, Nasser & Yaacoub, Chadi & Dzenopoljac, Vladimir, 2017. "Impact of financial crisis on banking sector efficiency in the Arab world," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 7(1), pages 49-64.
    35. Neuberger, Doris, 1997. "Structure, Conduct and Performance in Banking Markets," Thuenen-Series of Applied Economic Theory 12, University of Rostock, Institute of Economics.
    36. Brian Wu & Anne Marie Knott, 2006. "Entrepreneurial Risk and Market Entry," Management Science, INFORMS, vol. 52(9), pages 1315-1330, September.
    37. Noha Farrag & Guenter Lang, 2012. "The Egyptian Banking Sector: Assessing Efficiency Using a Stochastic Frontier Cost Function," Working Papers 33, The German University in Cairo, Faculty of Management Technology.
    38. Laurent Weill, 2004. "Measuring Cost Efficiency in European Banking: A Comparison of Frontier Techniques," Journal of Productivity Analysis, Springer, vol. 21(2), pages 133-152, March.

  64. David R. Allardice & Daniel L. Thornton, 1995. "Channels of monetary policy. Proceedings of the Nineteenth Annual Economic Policy Conference held October 20-21, 1994," Proceedings, Federal Reserve Bank of St. Louis, issue May.

    Cited by:

    1. Clark, Peter & Goodhart, C. A. E. & Huang, Haizhou, 1996. "Optimal monetary policy rules in a rational expectations model of the Phillips curve," LSE Research Online Documents on Economics 119163, London School of Economics and Political Science, LSE Library.

  65. Wheelock, David C & Kumbhakar, Subal C, 1995. "Which Banks Choose Deposit Insurance? Evidence of Adverse Selection and Moral Hazard in a Voluntary Insurance System," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(1), pages 186-201, February.

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    1. Veronika Holá & Petr Jakubík, 2011. "Evropské systémy pojištění vkladů: důsledky změn z roku 2008 [Impact of Parametric Changes in Deposit Insurance Schemes in 2008]," Politická ekonomie, Prague University of Economics and Business, vol. 2011(5), pages 659-679.
    2. Gerald Caprio & Michael Dooley & Danny Leipziger & Carl Walsh, 1996. "The lender of last resort function under a currency board: The case of Argentina," Open Economies Review, Springer, vol. 7(1), pages 625-650, March.
    3. Camara, Antonio & Davidson, Travis & Fodor, Andrew, 2020. "Bank asset structure and deposit insurance pricing," Journal of Banking & Finance, Elsevier, vol. 114(C).
    4. Matthew Jaremski & David C. Wheelock, 2020. "Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(7), pages 1719-1754, October.
    5. Bixter, Michael T. & Luhmann, Christian C., 2014. "Shared losses reduce sensitivity to risk: A laboratory study of moral hazard," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 63-73.
    6. David C. Wheelock, 1991. "Regulation and bank failures: new evidence from the agricultural collapse of the 1920's," Working Papers 1991-006, Federal Reserve Bank of St. Louis.
    7. Linda M. Hooks & Kenneth J. Robinson, 1996. "Moral hazard and Texas banking in the 1920s," Financial Industry Studies Working Paper 96-1, Federal Reserve Bank of Dallas.
    8. Clemente Hernández Rodríguez, 2005. "Moral Hazard In Deposit Insurance: The Case Of Fobaproa," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 4(2), pages 101-113, Junio 200.
    9. Juha-Pekka Niinimäki, 2003. "Fairly Priced Deposit Insurance under Adverse Selection," Finnish Economic Papers, Finnish Economic Association, vol. 16(1), pages 38-48, Spring.
    10. Jones, Jeffrey S. & Lee, Wayne Y. & Yeager, Timothy J., 2013. "Valuation and systemic risk consequences of bank opacity," Journal of Banking & Finance, Elsevier, vol. 37(3), pages 693-706.
    11. Kyle D. Allen & Travis R. Davidson & Scott E. Hein & Matthew D. Whitledge, 2018. "Dodd–Frank’s federal deposit insurance reform," Journal of Banking Regulation, Palgrave Macmillan, vol. 19(4), pages 271-286, November.
    12. Jones, Jeffrey S. & Miller, Scott A. & Yeager, Timothy J., 2011. "Charter value, Tobin's Q and bank risk during the subprime financial crisis," Journal of Economics and Business, Elsevier, vol. 63(5), pages 372-391, September.
    13. Mayes, David G., 2004. "Who pays for bank insolvency?," Journal of International Money and Finance, Elsevier, vol. 23(3), pages 515-551, April.
      • David G. Mayes & Aarno Liuksila & Thorsten Beck & Bethany Blowers & Henk Brouwer & Peik Granlund & Christos Hadjiemmanuil & Gerbert Hebbink & Eva H. G. Hüpkes & Eigil Mølgaard & Jón Sigurðsson & Gary , 2004. "Who Pays for Bank Insolvency?," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-52391-3.
    14. Kristen Regehr & Kenneth Spong, 2012. "Kansas banking in the 1930s: the deposit insurance choice and implications for public policy," Economic Review, Federal Reserve Bank of Kansas City, vol. 97(Q III).
    15. David C. Wheelock & Paul W. Wilson, 1993. "Explaining bank failures: deposit insurance, regulation, and efficiency," Working Papers 1993-002, Federal Reserve Bank of St. Louis.
    16. Ram Pratap Sinha, 2009. "Liberalisation of Financial Markets: The Developing Country Experience," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 34(2), pages 274-290, May.
    17. Stojanovic, Dusan & Vaughan, Mark D. & Yeager, Timothy J., 2008. "Do Federal Home Loan Bank membership and advances increase bank risk-taking?," Journal of Banking & Finance, Elsevier, vol. 32(5), pages 680-698, May.
    18. Bernanke, Ben S, 1983. "Nonmonetary Effects of the Financial Crisis in Propagation of the Great Depression," American Economic Review, American Economic Association, vol. 73(3), pages 257-276, June.
    19. Jeffery W. Gunther & Linda M. Hooks & Kenneth J. Robinson, 1997. "Adverse selection and competing deposit insurance systems in pre-depression Texas," Financial Industry Studies Working Paper 97-4, Federal Reserve Bank of Dallas.
    20. Masami Imai, 2006. "Market Discipline and Deposit Insurance Reform in Japan," Wesleyan Economics Working Papers 2006-007, Wesleyan University, Department of Economics.
    21. Committee, Nobel Prize, 2022. "Financial Intermediation and the Economy," Nobel Prize in Economics documents 2022-2, Nobel Prize Committee.
    22. Subal C. Kumbhaker & David C. Wheelock, 1992. "The slack banker dances: deposit insurance and risk-taking in the banking collapse of the 1920s," Working Papers 1992-002, Federal Reserve Bank of St. Louis.
    23. Carlos D. Ramirez & Philip A. Shively, 2012. "The Effect of Bank Failures on Economic Activity: Evidence from U.S. States in the Early 20th Century," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(2‐3), pages 433-455, March.
    24. Rajeev Dehejia & Adriana Lleras-Muney, 2007. "Financial Development and Pathways of Growth: State Branching and Deposit Insurance Laws in the United States, 1900–1940," Journal of Law and Economics, University of Chicago Press, vol. 50(2), pages 239-272.
    25. Kim, Kenneth A. & Lee, Sang-Hyop & Rhee, S. Ghon, 2007. "Large shareholder monitoring and regulation: The Japanese banking experience," Journal of Economics and Business, Elsevier, vol. 59(5), pages 466-486.
    26. Michael Faulend & Evan Kraft, 2005. "How Can Croatia's Deposit Insurance System Be Improved," Surveys 11, The Croatian National Bank, Croatia.
    27. Morrison, Alan D. & White, Lucy, 2011. "Deposit insurance and subsidized recapitalizations," Journal of Banking & Finance, Elsevier, vol. 35(12), pages 3400-3416.
    28. Camacho-Gutiérrez, Pablo & González-Cantú, Vanessa M., 2007. "Moral hazard in a voluntary deposit insurance system: Revisited," MPRA Paper 3909, University Library of Munich, Germany.

  66. Wheelock, David C & Wilson, Paul W, 1995. "Explaining Bank Failures: Deposit Insurance, Regulation, and Efficiency," The Review of Economics and Statistics, MIT Press, vol. 77(4), pages 689-700, November.
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  67. David C. Wheelock & Paul W. Wilson, 1994. "Can deposit insurance increase the risk of bank failure? Some historical evidence," Review, Federal Reserve Bank of St. Louis, issue May, pages 57-71.

    Cited by:

    1. Economides, N. & Hubbard, R.G. & Palia, D., 1995. "The Political Economy of Branching Restrictions and Deposit Insurance: A Model of Monopolistic Competition Among Small and Large Banks," Papers 95-14, Columbia - Graduate School of Business.
    2. Davison, Lee K. & Ramirez, Carlos D., 2014. "Local banking panics of the 1920s: Identification and determinants," Journal of Monetary Economics, Elsevier, vol. 66(C), pages 164-177.
    3. Karels, Gordon V. & McClatchey, Christine A., 1999. "Deposit insurance and risk-taking behavior in the credit union industry," Journal of Banking & Finance, Elsevier, vol. 23(1), pages 105-134, January.
    4. Ralph I. Ubegbunan, 1999. "Examining the Causes of Bank Failure in Nigeria since Deregulation: Some Empirical Results and Implications of the Policy," Vision, , vol. 3(2), pages 8-17, July.
    5. Zbyněk Revenda, 2013. "Teoretické a ekonomické aspekty pojištění vkladů [Theoretical and Economic Aspects of Deposit Insurance]," Politická ekonomie, Prague University of Economics and Business, vol. 2013(2), pages 149-170.
    6. Walker F. Todd, 1994. "Similarities and dissimilarities in the collapses of three state- chartered private deposit insurance funds," Working Papers (Old Series) 9411, Federal Reserve Bank of Cleveland.
    7. Obeua S. Persons, 1999. "Using Financial Information to Differentiate Failed vs. Surviving Finance Companies in Thailand: An Implication for Emerging Economies," Multinational Finance Journal, Multinational Finance Journal, vol. 3(2), pages 127-145, June.
    8. Bernard Bollen & Michael Skully & David Tripe & Xiaoting Wei, 2015. "The Global Financial Crisis and Its Impact on Australian Bank Risk," International Review of Finance, International Review of Finance Ltd., vol. 15(1), pages 89-111, March.
    9. Tripathy, Niranjan & Wu, Da & Zheng, Yi, 2021. "Dividends and financial health: Evidence from U.S. bank holding companies," Journal of Corporate Finance, Elsevier, vol. 66(C).

  68. Alston Lee J. & Grove Wayne A. & Wheelock David C., 1994. "Why Do Banks Fail? Evidence from the 1920s," Explorations in Economic History, Elsevier, vol. 31(4), pages 409-431, October.

    Cited by:

    1. Brunnermeier, Markus & Schnabel, Isabel, 2015. "Bubbles and Central Banks: Historical Perspectives," CEPR Discussion Papers 10528, C.E.P.R. Discussion Papers.
    2. Mehl, Arnaud & Eichengreen, Barry & Chiţu, Livia & Richardson, Gary, 2014. "Mutual assistance between Federal Reserve Banks, 1913-1960 as prolegomena to the TARGET2 debate," Working Paper Series 1686, European Central Bank.
    3. Raghuram Rajan & Rodney Ramcharan, 2015. "The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s," American Economic Review, American Economic Association, vol. 105(4), pages 1439-1477, April.
    4. Craig P. Aubuchon & David C. Wheelock, 2010. "The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?," Review, Federal Reserve Bank of St. Louis, vol. 92(Sep), pages 395-415.
    5. Mitchener, Kris James & Wheelock, David C., 2013. "Does the structure of banking markets affect economic growth? Evidence from U.S. state banking markets," Explorations in Economic History, Elsevier, vol. 50(2), pages 161-178.
    6. Efraim Benmelech & Carola Frydman & Dimitris Papanikolaou, 2017. "Financial Frictions and Employment during the Great Depression," NBER Working Papers 23216, National Bureau of Economic Research, Inc.
    7. Matthew Jaremski & David C. Wheelock, 2020. "Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(7), pages 1719-1754, October.
    8. Mark A Carlson & David C Wheelock, 2016. "Did the founding of the Federal Reserve affect the vulnerability of the interbank system to contagion risk?," BIS Working Papers 598, Bank for International Settlements.
    9. David C. Wheelock, 1991. "Regulation and bank failures: new evidence from the agricultural collapse of the 1920's," Working Papers 1991-006, Federal Reserve Bank of St. Louis.
    10. Davison, Lee K. & Ramirez, Carlos D., 2014. "Local banking panics of the 1920s: Identification and determinants," Journal of Monetary Economics, Elsevier, vol. 66(C), pages 164-177.
    11. Gary Gorton & Andrew Winton, 2002. "Financial Intermediation," NBER Working Papers 8928, National Bureau of Economic Research, Inc.
    12. Karels, Gordon V. & McClatchey, Christine A., 1999. "Deposit insurance and risk-taking behavior in the credit union industry," Journal of Banking & Finance, Elsevier, vol. 23(1), pages 105-134, January.
    13. Neal, Larry & White, Eugene N., 2012. "The Glass–Steagall Act in historical perspective," The Quarterly Review of Economics and Finance, Elsevier, vol. 52(2), pages 104-113.
    14. Haelim Anderson & Daniel Barth & Dong Beom Choi, 2018. "Reducing Moral Hazard at the Expense of Market Discipline: The Effectiveness of Double Liability Before and During the Great Depression," Working Papers 18-06, Office of Financial Research, US Department of the Treasury.
    15. Clemente Hernández Rodríguez, 2005. "Moral Hazard In Deposit Insurance: The Case Of Fobaproa," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 4(2), pages 101-113, Junio 200.
    16. Charles W. Calomiris & Joseph R. Mason & Marc Weidenmier & Katherine Bobroff, 2012. "The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s," NBER Chapters, in: The Microeconomics of New Deal Policy, National Bureau of Economic Research, Inc.
    17. Mitchener, Kris & Richardson, Gary, 2016. "Network Contagion and Interbank Amplification during the Great Depression," CEPR Discussion Papers 11164, C.E.P.R. Discussion Papers.
    18. Edward L. Glaeser, 2013. "A Nation of Gamblers: Real Estate Speculation and American History," American Economic Review, American Economic Association, vol. 103(3), pages 1-42, May.
    19. Mark Carlson, 2010. "Alternatives for Distressed Banks during the Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(2‐3), pages 421-441, March.
    20. Haelim M. Park & Gary Richardson, 2010. "Retail Trade by Federal Reserve District, 1919 to 1939: A Statistical History," NBER Working Papers 16617, National Bureau of Economic Research, Inc.
    21. Gary B. Gorton & Andrew Metrick, 2013. "The Federal Reserve and Financial Regulation: The First Hundred Years," NBER Working Papers 19292, National Bureau of Economic Research, Inc.
    22. Seksak Jumreornvong & Chanakarn Chakreyavanich & Sirimon Treepongkaruna & Pornsit Jiraporn, 2018. "Capital Adequacy, Deposit Insurance, and the Effect of Their Interaction on Bank Risk," JRFM, MDPI, vol. 11(4), pages 1-18, November.
    23. Alexander J. Field, 2013. "The Interwar Housing Cycle in the Light of 2001-2011: A Comparative Historical Approach," NBER Working Papers 18796, National Bureau of Economic Research, Inc.
    24. Kupiec, Paul H. & Ramirez, Carlos D., 2013. "Bank failures and the cost of systemic risk: Evidence from 1900 to 1930," Journal of Financial Intermediation, Elsevier, vol. 22(3), pages 285-307.
    25. Jihad Dagher, 2018. "Regulatory Cycles: Revisiting the Political Economy of Financial Crises," IMF Working Papers 2018/008, International Monetary Fund.
    26. Charles W. Calomiris, 2008. "The subprime turmoil: what’s old, what’s new, and what’s next," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 19-110.
    27. Ji, Yang & Bian, Wenlong & Huang, Yiping, 2018. "Deposit insurance, bank exit, and spillover effects," Journal of Banking & Finance, Elsevier, vol. 96(C), pages 268-276.
    28. Masami Imai, 2006. "Market Discipline and Deposit Insurance Reform in Japan," Wesleyan Economics Working Papers 2006-007, Wesleyan University, Department of Economics.
    29. Eugene N. White, 2011. ""To Establish a More Effective Supervision of Banking": How the Birth of the Fed Altered Bank Supervision," NBER Working Papers 16825, National Bureau of Economic Research, Inc.
    30. Chu, Kam Hon, 2010. "Bank mergers, branch networks and economic growth: Theory and evidence from Canada, 1889-1926," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 265-283, March.
    31. Charles Calomiris, 2009. "Banking Crises and the Rules of the Game," NBER Working Papers 15403, National Bureau of Economic Research, Inc.
    32. Bressan, Valéria Gama Fully & Braga, Marcelo José & Bressan, Aureliano Angel & Resende Filho, Moisés de Andrade, 2012. "O seguro depósito induz ao risco moral nas cooperativas de crédito brasileiras? Um estudo com dados em painel," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 66(2), June.
    33. Eugene N. White, 2009. "Lessons from the Great American Real Estate Boom and Bust of the 1920s," NBER Working Papers 15573, National Bureau of Economic Research, Inc.
    34. Carlos D. Ramirez & Philip A. Shively, 2012. "The Effect of Bank Failures on Economic Activity: Evidence from U.S. States in the Early 20th Century," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(2‐3), pages 433-455, March.
    35. Gary Gorton & Andrew Metrick, 2013. "The Federal Reserve and Panic Prevention: The Roles of Financial Regulation and Lender of Last Resort," Journal of Economic Perspectives, American Economic Association, vol. 27(4), pages 45-64, Fall.
    36. Ramírez, Carlos D., 2009. "Bank fragility, "money under the mattress", and long-run growth: US evidence from the "perfect" Panic of 1893," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2185-2198, December.
    37. Colvin, Christopher L., 2017. "Banking on a religious divide: Accounting for the success of the Netherlands' Raiffeisen cooperatives in the crisis of the 1920s," QUCEH Working Paper Series 2017-03, Queen's University Belfast, Queen's University Centre for Economic History.
    38. Raghuram G. Rajan & Rodney Ramcharan, 2014. "Financial Fire Sales: Evidence from Bank Failures," Finance and Economics Discussion Series 2014-67, Board of Governors of the Federal Reserve System (U.S.).
    39. Rajan, Raghuram & Ramcharan, Rodney, 2016. "Local financial capacity and asset values: Evidence from bank failures," Journal of Financial Economics, Elsevier, vol. 120(2), pages 229-251.
    40. Agusman, Agusman & Cullen, Grant S. & Gasbarro, Dominic & Monroe, Gary S. & Zumwalt, J. Kenton, 2014. "Government intervention, bank ownership and risk-taking during the Indonesian financial crisis," Pacific-Basin Finance Journal, Elsevier, vol. 30(C), pages 114-131.
    41. Price V. Fishback & John Joseph Wallis, 2012. "What Was New About the New Deal?," NBER Working Papers 18271, National Bureau of Economic Research, Inc.
    42. Ramirez, Carlos D., 2003. "Did branch banking restrictions increase bank failures? Evidence from Virginia and West Virginia in the late 1920s," Journal of Economics and Business, Elsevier, vol. 55(4), pages 331-352.
    43. Schröder, Michael & Riedler, Jesper & Jaroszek, Lena & Lang, Gunnar & Hommel, Paul & Voll, Sebastian Simon, 2011. "Assessment of the cumulative impact of various regulatory initiatives on the European banking sector: Study," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, number 110523.
    44. Ioannidou, Vasso P. & Penas, María Fabiana, 2010. "Deposit insurance and bank risk-taking: Evidence from internal loan ratings," Journal of Financial Intermediation, Elsevier, vol. 19(1), pages 95-115, January.
    45. Jared Hutchins, 2023. "The US farm credit system and agricultural development: Evidence from an early expansion, 1920–1940," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(1), pages 3-26, January.
    46. Alexander J. Field, 2014. "The Interwar Housing Cycle in the Light of 2001-2012: A Comparative Historical Perspective," NBER Chapters, in: Housing and Mortgage Markets in Historical Perspective, pages 39-80, National Bureau of Economic Research, Inc.
    47. Amr Khafagy, 2018. "Regulation, supervision and deposit insurance for financial cooperatives: an empirical investigation," Annals of Finance, Springer, vol. 14(2), pages 143-193, May.
    48. Postel-Vinay, Natacha, 2011. "From a “normal recession” to the “Great Depression”: finding the turning point in Chicago bank portfolios, 1923-1933," Economic History Working Papers 35518, London School of Economics and Political Science, Department of Economic History.
    49. Edward L. Glaeser, 2013. "A Nation Of Gamblers: Real Estate Speculation And American History," NBER Working Papers 18825, National Bureau of Economic Research, Inc.

  69. Wheelock David C. & Kumbhakar Subal C., 1994. "The Slack Banker Dances: Deposit Insurance and Risk-Taking in the Banking Collapse of the 1920s," Explorations in Economic History, Elsevier, vol. 31(3), pages 357-375, July.
    See citations under working paper version above.
  70. David C. Wheelock, 1993. "Is the banking industry in decline? Recent trends and future prospects from a historical perspective," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 3-22.

    Cited by:

    1. Dimitri B. Papadimitriou & Ronnie J. Phillips & L. Randall Wray, 1994. "Community-based Factoring Companies and Small Business Lending," Economics Working Paper Archive wp_108, Levy Economics Institute.
    2. Dimitri B. Papadimitriou & Ronnie J. Phillips & L. Randall Wray, "undated". "An Alternative in Small Business Finance, Community-Based Factoring Companies and Small Business Lending," Economics Public Policy Brief Archive 12, Levy Economics Institute.
    3. Gilbert, Erika W. & Scott, William L., 2001. "The Financial Modernization Act: new perspectives for the finance curriculum," Financial Services Review, Elsevier, vol. 10(1-4), pages 197-208.
    4. Daniel E. Nolle, 1994. "Banking Industry Consolidation: Changes and Implications for the Future," Economics Working Paper Archive wp_111, Levy Economics Institute.
    5. J S Pollard, 1996. "Banking at the Margins: A Geography of Financial Exclusion in Los Angeles," Environment and Planning A, , vol. 28(7), pages 1209-1232, July.
    6. Wheelock, David C & Wilson, Paul W, 1999. "Technical Progress, Inefficiency, and Productivity Change in U.S. Banking, 1984-1993," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(2), pages 212-234, May.
    7. Hans J. Blommestein, 2006. "Visions about the Future of Banking," SUERF Studies, SUERF - The European Money and Finance Forum, number 2006/2 edited by Morten Balling, May.
    8. Mehta, Deepshikha, 2015. "Operational Shift in Banking- A Global Study," EconStor Preprints 119529, ZBW - Leibniz Information Centre for Economics.
    9. Eugene White, 1998. "Were banks special intermediaries in late nineteenth century America?," Review, Federal Reserve Bank of St. Louis, issue May, pages 13-32.
    10. Katherine A. Samolyk, 1994. "U.S. banking sector trends: assessing disparities in industry performance," Economic Review, Federal Reserve Bank of Cleveland, vol. 30(Q II), pages 2-17.

  71. Wheelock, David C., 1993. "Government Policy and Banking Market Structure in the 1920s," The Journal of Economic History, Cambridge University Press, vol. 53(4), pages 857-879, December.

    Cited by:

    1. Wm. Stewart Mounts & Clifford B. Sowell & Atul K. Saxena, 2000. "An Examination of Country Member Bank Cash Balances of the 1930s: A Test of Alternative Explanations," Southern Economic Journal, John Wiley & Sons, vol. 66(4), pages 923-941, April.
    2. Mitchener, Kris James & Wheelock, David C., 2013. "Does the structure of banking markets affect economic growth? Evidence from U.S. state banking markets," Explorations in Economic History, Elsevier, vol. 50(2), pages 161-178.
    3. Davison, Lee K. & Ramirez, Carlos D., 2014. "Local banking panics of the 1920s: Identification and determinants," Journal of Monetary Economics, Elsevier, vol. 66(C), pages 164-177.
    4. David C. Wheelock, 1993. "Is the banking industry in decline? Recent trends and future prospects from a historical perspective," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 3-22.
    5. Carlos D. Ramirez & Philip A. Shively, 2012. "The Effect of Bank Failures on Economic Activity: Evidence from U.S. States in the Early 20th Century," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(2‐3), pages 433-455, March.
    6. John R. Walter, 2006. "The 3-6-3 rule : an urban myth?," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 92(Win), pages 51-78.
    7. Ramirez, Carlos D., 2003. "Did branch banking restrictions increase bank failures? Evidence from Virginia and West Virginia in the late 1920s," Journal of Economics and Business, Elsevier, vol. 55(4), pages 331-352.

  72. Wheelock, David C, 1992. "Deposit Insurance and Bank Failures: New Evidence from the 1920s," Economic Inquiry, Western Economic Association International, vol. 30(3), pages 530-543, July.

    Cited by:

    1. Brahim Guizani & Wako Watanabe, 2010. "The Deposit Insurance and the Risk-Shifting Incentive Evidence from the Blanket Deposit Insurance in Japan," Keio/Kyoto Joint Global COE Discussion Paper Series 2010-004, Keio/Kyoto Joint Global COE Program.
    2. Mitchener, Kris James & Wheelock, David C., 2013. "Does the structure of banking markets affect economic growth? Evidence from U.S. state banking markets," Explorations in Economic History, Elsevier, vol. 50(2), pages 161-178.
    3. Bixter, Michael T. & Luhmann, Christian C., 2014. "Shared losses reduce sensitivity to risk: A laboratory study of moral hazard," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 63-73.
    4. David C. Wheelock, 1991. "Regulation and bank failures: new evidence from the agricultural collapse of the 1920's," Working Papers 1991-006, Federal Reserve Bank of St. Louis.
    5. Lambert, Claudia & Noth, Felix & Schüwer, Ulrich, 2014. "How do insured deposits affect bank risk? Evidence from the 2008 Emergency Economic Stabilization Act," SAFE Working Paper Series 38, Leibniz Institute for Financial Research SAFE, revised 2014.
    6. Charles W. Calomiris & Eugene N. White, 1994. "The Origins of Federal Deposit Insurance," NBER Chapters, in: The Regulated Economy: A Historical Approach to Political Economy, pages 145-188, National Bureau of Economic Research, Inc.
    7. Stone, Anna-Leigh, 2021. "Double the insurance, double the funds?," Journal of Banking & Finance, Elsevier, vol. 133(C).
    8. Haelim Anderson & Daniel Barth & Dong Beom Choi, 2018. "Reducing Moral Hazard at the Expense of Market Discipline: The Effectiveness of Double Liability Before and During the Great Depression," Working Papers 18-06, Office of Financial Research, US Department of the Treasury.
    9. Stolz, Stéphanie, 2002. "The Relationship between Bank Capital, Risk-Taking, and Capital Regulation: A Review of the Literature," Kiel Working Papers 1105, Kiel Institute for the World Economy (IfW Kiel).
    10. Seksak Jumreornvong & Chanakarn Chakreyavanich & Sirimon Treepongkaruna & Pornsit Jiraporn, 2018. "Capital Adequacy, Deposit Insurance, and the Effect of Their Interaction on Bank Risk," JRFM, MDPI, vol. 11(4), pages 1-18, November.
    11. Hoag, Christopher, 2018. "Clearinghouse loan certificates as a lender of last resort," The North American Journal of Economics and Finance, Elsevier, vol. 45(C), pages 215-229.
    12. Lee, Wai Sing & Kwok, Chuck C. Y., 2000. "Domestic and international practice of deposit insurance: a survey," Journal of Multinational Financial Management, Elsevier, vol. 10(1), pages 29-62, January.
    13. Duran, Miguel A. & Lozano-Vivas, Ana, 2014. "Risk shifting in the US banking system: An empirical analysis," Journal of Financial Stability, Elsevier, vol. 13(C), pages 64-74.
    14. Cullen F. Goenner, 2020. "Uncertain times and early predictions of bank failure," The Financial Review, Eastern Finance Association, vol. 55(4), pages 583-601, November.
    15. Jan Libich & Dat Thanh Nguyen & Hubert Janos Kiss, 2023. "Running Out of Bank Runs," Journal of Financial Services Research, Springer;Western Finance Association, vol. 64(1), pages 1-39, August.
    16. Esty, Benjamin C., 1998. "The impact of contingent liability on commercial bank risk taking," Journal of Financial Economics, Elsevier, vol. 47(2), pages 189-218, February.
    17. Eugene N. White, 1998. "The Legacy of Deposit Insurance: The Growth, Spread, and Cost of Insuring Financial Intermediaries," NBER Chapters, in: The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, pages 87-121, National Bureau of Economic Research, Inc.
    18. Bressan, Valéria Gama Fully & Braga, Marcelo José & Bressan, Aureliano Angel & Resende Filho, Moisés de Andrade, 2012. "O seguro depósito induz ao risco moral nas cooperativas de crédito brasileiras? Um estudo com dados em painel," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 66(2), June.
    19. Eugene N. White, 2009. "Lessons from the Great American Real Estate Boom and Bust of the 1920s," NBER Working Papers 15573, National Bureau of Economic Research, Inc.
    20. Agusman, Agusman & Cullen, Grant S. & Gasbarro, Dominic & Monroe, Gary S. & Zumwalt, J. Kenton, 2014. "Government intervention, bank ownership and risk-taking during the Indonesian financial crisis," Pacific-Basin Finance Journal, Elsevier, vol. 30(C), pages 114-131.
    21. Ioannidou, Vasso P. & Penas, María Fabiana, 2010. "Deposit insurance and bank risk-taking: Evidence from internal loan ratings," Journal of Financial Intermediation, Elsevier, vol. 19(1), pages 95-115, January.
    22. Park, Junghee, 2012. "Corruption, soundness of the banking sector, and economic growth: A cross-country study," Journal of International Money and Finance, Elsevier, vol. 31(5), pages 907-929.
    23. Jacqueline Khorassani, 2000. "An empirical study of depositor sensitivity to bank risk," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 24(1), pages 15-27, March.
    24. Vihriälä, Vesa, 1997. "Banks and the Finnish credit cycle 1986-1995," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm1997_007.

  73. David C. Wheelock, 1992. "Monetary policy in the Great Depression: what the Fed did and why," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 3-28.

    Cited by:

    1. Michael D. Bordo & Ehsan U. Choudhri & Anna J. Schwartz, 1993. "Could Stable Money Have Averted The Great Contraction?," NBER Working Papers 4481, National Bureau of Economic Research, Inc.
    2. Mark D. Flood, 1992. "The great deposit insurance debate," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 51-77.
    3. Per Hortlund, 2006. "In Defense of the Real Bills Doctrine," Econ Journal Watch, Econ Journal Watch, vol. 3(1), pages 73-87, January.
    4. Ohanian, Lee E., 2014. "The impact of monetary policy in the midst of big shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 49(C), pages 35-48.
    5. Ryu‐ichiro Murota & Yoshiyasu Ono, 2012. "Zero Nominal Interest Rates, Unemployment, Excess Reserves And Deflation In A Liquidity Trap," Metroeconomica, Wiley Blackwell, vol. 63(2), pages 335-357, May.
    6. Olivier Damette & Antoine Parent, 2016. "Did the Fed follow an implicit McCallum rule during the Great Depression?," Post-Print halshs-01346726, HAL.
    7. Margaret M. Jacobson & Ellis W. Tallman, 2015. "The Federal Reserve System and World War I: Designing Policies without Precedent," Working Papers (Old Series) 1510, Federal Reserve Bank of Cleveland.
    8. Duca, John V., 2017. "The Great Depression versus the Great Recession in the U.S.: How fiscal, monetary, and financial polices compare," Journal of Economic Dynamics and Control, Elsevier, vol. 81(C), pages 50-64.
    9. Lawrence H. White, 2008. "Did Hayek and Robbins Deepen the Great Depression?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(4), pages 751-768, June.
    10. Michael D. Bordo & David C. Wheelock, 2007. "Stock market booms and monetary policy in the twentieth century," Review, Federal Reserve Bank of St. Louis, vol. 89(Mar), pages 91-122.
    11. Thierry Warin, 2005. "Monetary Policy: From Theory to Practices," Middlebury College Working Paper Series 0508, Middlebury College, Department of Economics.

  74. David C. Wheelock, 1992. "Seasonal accommodation and the financial crises of the Great Depression: did the Fed \\"furnish an elastic currency?\\"," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 3-18.

    Cited by:

    1. Michael D. Bordo & David C. Wheelock, 2011. "The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933," NBER Working Papers 16763, National Bureau of Economic Research, Inc.
    2. Mark A. Carlson & David C. Wheelock, 2012. "The lender of last resort: lessons from the Fed’s first 100 years," Working Papers 2012-056, Federal Reserve Bank of St. Louis.
    3. Mark A. Carlson & David C. Wheelock, 2018. "Furnishing an “Elastic Currency”: The Founding of the Fed and the Liquidity of the U.S. Banking System," Review, Federal Reserve Bank of St. Louis, vol. 100(1), pages 17-44.
    4. Lee, Hahn Shik & Siklos, Pierre L., 1997. "The role of seasonality in economic time series reinterpreting money-output causality in U.S. data," International Journal of Forecasting, Elsevier, vol. 13(3), pages 381-391, September.

  75. Wheelock, David C., 1992. "Regulation and Bank Failures: New Evidence from the Agricultural Collapse of the 1920s," The Journal of Economic History, Cambridge University Press, vol. 52(4), pages 806-825, December.
    See citations under working paper version above.
  76. Wheelock, David C, 1990. "Member Bank Borrowing and the Fed's Contractionary Monetary Policy during the Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 22(4), pages 409-426, November.

    Cited by:

    1. Michael D. Bordo & David C. Wheelock, 2011. "The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933," NBER Working Papers 16763, National Bureau of Economic Research, Inc.
    2. Pavon-Prado, David, 2019. "Have we been measuring monetary policy correctly? Analysing the Federal Reserve’s policies over the last century," IFCS - Working Papers in Economic History.WH 28342, Universidad Carlos III de Madrid. Instituto Figuerola.
    3. Wm. Stewart Mounts & Clifford B. Sowell & Atul K. Saxena, 2000. "An Examination of Country Member Bank Cash Balances of the 1930s: A Test of Alternative Explanations," Southern Economic Journal, John Wiley & Sons, vol. 66(4), pages 923-941, April.
    4. Jaremski, Matthew & Mathy, Gabriel, 2018. "How was the quantitative easing program of the 1930s Unwound?," Explorations in Economic History, Elsevier, vol. 69(C), pages 27-49.
    5. Charles W. Calomiris & Christopher Hanes, 1994. "Historical Macroeconomics and American Macroeconomic History," NBER Working Papers 4935, National Bureau of Economic Research, Inc.
    6. Olivier Damette & Antoine Parent, 2016. "Did the Fed follow an implicit McCallum rule during the Great Depression?," Post-Print halshs-01346726, HAL.
    7. Margaret M. Jacobson & Ellis W. Tallman, 2015. "The Federal Reserve System and World War I: Designing Policies without Precedent," Working Papers (Old Series) 1510, Federal Reserve Bank of Cleveland.
    8. Sriya Anbil & Angela Vossmeyer, 2017. "Liquidity from Two Lending Facilities," Finance and Economics Discussion Series 2017-117, Board of Governors of the Federal Reserve System (U.S.).
    9. White, Eugene N., 1996. "The past and future of economic history in economics," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(Supplemen), pages 61-72.
    10. Miroslav Titze, 2014. "Menová politika Federálneho rezervného systému v rokoch 1929-1933 [The Federal Reserve Monetary Policy 1929-1933]," Politická ekonomie, Prague University of Economics and Business, vol. 2014(5), pages 701-719.
    11. Chang-Tai Hsieh & Christina D. Romer, 2001. "Was the Federal Reserve Fettered? Devaluation Expectations in the 1932 Monetary Expansion," NBER Working Papers 8113, National Bureau of Economic Research, Inc.
    12. Gary Gorton & Andrew Metrick, 2013. "The Federal Reserve and Panic Prevention: The Roles of Financial Regulation and Lender of Last Resort," Journal of Economic Perspectives, American Economic Association, vol. 27(4), pages 45-64, Fall.
    13. Taylor, Jason E. & Neumann, Todd C., 2013. "The effect of institutional regime change within the new deal on industrial output and labor markets," Explorations in Economic History, Elsevier, vol. 50(4), pages 582-598.
    14. Gary Richardson, 2006. "Bank Distress During the Great Contraction, 1929 to 1933, New Data from the Archives of the Board of Governors," NBER Working Papers 12590, National Bureau of Economic Research, Inc.
    15. Breitenlechner, Max & Scharler, Johann, 2017. "Decomposing the U.S. Great Depression: How important were Loan Supply Shocks?," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168208, Verein für Socialpolitik / German Economic Association.
    16. Postel-Vinay, Natacha, 2011. "From a “normal recession” to the “Great Depression”: finding the turning point in Chicago bank portfolios, 1923-1933," Economic History Working Papers 35518, London School of Economics and Political Science, Department of Economic History.

  77. Wheelock, David C., 1989. "The Strategy and Consistency of Federal Reserve Monetary Policy, 1919–1933," The Journal of Economic History, Cambridge University Press, vol. 49(2), pages 459-461, June.

    Cited by:

    1. Michael D. Bordo & David C. Wheelock, 2011. "The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933," NBER Working Papers 16763, National Bureau of Economic Research, Inc.
    2. Charles Calomiris & David Wheelock, 1998. "Was the Great Depression a Watershed for American Monetary Policy?," NBER Chapters, in: The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, pages 23-65, National Bureau of Economic Research, Inc.
    3. Olivier Damette & Antoine Parent, 2016. "Did the Fed follow an implicit McCallum rule during the Great Depression?," Post-Print halshs-01346726, HAL.
    4. Charles Calomiris, 2009. "Banking Crises and the Rules of the Game," NBER Working Papers 15403, National Bureau of Economic Research, Inc.

  78. Wheelock, David C., 1989. "The strategy, effectiveness, and consistency of Federal Reserve monetary policy 1924-1933," Explorations in Economic History, Elsevier, vol. 26(4), pages 453-476, October.

    Cited by:

    1. Charles W. Calomiris & Christopher Hanes, 1994. "Historical Macroeconomics and American Macroeconomic History," NBER Working Papers 4935, National Bureau of Economic Research, Inc.
    2. Olivier Damette & Antoine Parent, 2016. "Did the Fed follow an implicit McCallum rule during the Great Depression?," Post-Print halshs-01346726, HAL.
    3. Bilgili, Faik, 2001. "The Keynesian-Monetarist Debate on Business Cycles: A Case Study of The Great Depression," MPRA Paper 75539, University Library of Munich, Germany.
    4. Gary B. Gorton & Andrew Metrick, 2013. "The Federal Reserve and Financial Regulation: The First Hundred Years," NBER Working Papers 19292, National Bureau of Economic Research, Inc.
    5. Selgin, George & Lastrapes, William D. & White, Lawrence H., 2012. "Has the Fed been a failure?," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 569-596.

Chapters

  1. William Poole & Robert H. Rasche & David C. Wheelock, 2013. "The Great Inflation: Did The Shadow Know Better?," NBER Chapters, in: The Great Inflation: The Rebirth of Modern Central Banking, pages 61-107, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Charles Calomiris & David Wheelock, 1998. "Was the Great Depression a Watershed for American Monetary Policy?," NBER Chapters, in: The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, pages 23-65, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.

Books

  1. Wheelock,David C., 1991. "The Strategy and Consistency of Federal Reserve Monetary Policy, 1924–1933," Cambridge Books, Cambridge University Press, number 9780521391559.

    Cited by:

    1. Bordo, Michael D., 2014. "Rules for a lender of last resort: An historical perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 49(C), pages 126-134.
    2. John Landon-Lane & Eugene N. White & Adam Klug, 2002. "How Could Everyone Have Been So Wrong? Forecasting the Great Depression with the Railroads," NBER Working Papers 9011, National Bureau of Economic Research, Inc.
    3. Peter Temin, 1998. "Causes of American business cycles: an essay in economic historiography," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 42(Jun), pages 37-64.
    4. Bullard, James & Cho, In-Koo, 2005. "Escapist policy rules," Journal of Economic Dynamics and Control, Elsevier, vol. 29(11), pages 1841-1865, November.
    5. Charles Calomiris & David Wheelock, 1998. "Was the Great Depression a Watershed for American Monetary Policy?," NBER Chapters, in: The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, pages 23-65, National Bureau of Economic Research, Inc.
    6. Robert F. Stauffer, 2000. "Back to Basics: Reserve Requirements and Money Stock Changes, 1929–1936," The American Economist, Sage Publications, vol. 44(1), pages 62-69, March.
    7. Mark A Carlson & David C Wheelock, 2016. "Did the founding of the Federal Reserve affect the vulnerability of the interbank system to contagion risk?," BIS Working Papers 598, Bank for International Settlements.
    8. Mark A. Carlson & David C. Wheelock, 2016. "Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Systemic Risk?," Finance and Economics Discussion Series 2016-059, Board of Governors of the Federal Reserve System (U.S.).
    9. Patrick Newman, 2016. "Expansionary Monetary Policy at the Federal Reserve in the 1920s," Advances in Austrian Economics, in: Studies in Austrian Macroeconomics, volume 20, pages 105-134, Emerald Group Publishing Limited.
    10. Bordo, Michael D. & MacDonald, Ronald, 2003. "The inter-war gold exchange standard: credibility and monetary independence," Journal of International Money and Finance, Elsevier, vol. 22(1), pages 1-32, February.
    11. Margaret M. Jacobson & Eric M. Leeper & Bruce Preston, 2019. "Recovery of 1933," NBER Working Papers 25629, National Bureau of Economic Research, Inc.
    12. Bordo, Michael D., 2012. "Could the United States have had a better central bank? An historical counterfactual speculation," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 597-607.
    13. Steindl, Frank G., 1998. "The Decline of a Paradigm: The Quantity Theory and Recovery in the 1930s," Journal of Macroeconomics, Elsevier, vol. 20(4), pages 821-841, October.
    14. Siklos, Pierre L., 2008. "The Fed's reaction to the stock market during the great depression: Fact or artefact?," Explorations in Economic History, Elsevier, vol. 45(2), pages 164-184, April.
    15. Leeper, Eric M. & Nason, James M., 2015. "Bringing Financial Stability into Monetary Policy," Working Paper Series 305, Sveriges Riksbank (Central Bank of Sweden).
    16. Lawrence H. White, 2008. "Did Hayek and Robbins Deepen the Great Depression?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(4), pages 751-768, June.
    17. Norikazu Takami, 2011. "Pigou on business cycles and unemployment: an anti-gold-standard view," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 18(2), pages 203-215.
    18. Mark A. Carlson & Burcu Duygan-Bump, 2018. "“Unconventional” Monetary Policy as Conventional Monetary Policy : A Perspective from the U.S. in the 1920s," Finance and Economics Discussion Series 2018-019, Board of Governors of the Federal Reserve System (U.S.).
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    20. John H. Huston & Roger W. Spencer, 2009. "Speculative excess and the Federal Reserve's response," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 26(1), pages 46-61, March.
    21. Breitenlechner, Max & Scharler, Johann, 2017. "Decomposing the U.S. Great Depression: How important were Loan Supply Shocks?," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168208, Verein für Socialpolitik / German Economic Association.
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    23. Sanjiv R. Das & Kris James Mitchener & Angela Vossmeyer, 2022. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(5), pages 1261-1312, August.
    24. Mary A. O'Sullivan, 2022. "History as heresy: Unlearning the lessons of economic orthodoxy," Economic History Review, Economic History Society, vol. 75(2), pages 297-335, May.

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