scholarly journals The Efficiency of Private E-Money-Like Systems: The U.S. Experience with National Bank Notes

Author(s):  
Warren E. Weber
Keyword(s):  
The U.S ◽  
1965 ◽  
Vol 73 (5) ◽  
pp. 516-522 ◽  
Author(s):  
C. A. E. Goodhart
Keyword(s):  

2006 ◽  
Author(s):  
James B. Thomson ◽  
Bruce A. Champ
Keyword(s):  

2015 ◽  
Vol 22 (1) ◽  
pp. 5-21 ◽  
Author(s):  
Nicola Francesco Dotti ◽  
Bas Van Heur ◽  
Colin C. Williams

The aim of this paper is to map the spatial variations in the size of the shadow economy within Brussels. Reporting data provided by the National Bank of Belgium on the deposit of high denomination banknotes across bank branches in the 19 municipalities of the Brussels-Capital Region, the finding is that the shadow economy is concentrated in wealthier populations and not in deprived or immigrant communities. The outcome is a call to transcend the association of the shadow economy with marginalized groups and the wider adoption of this indirect method when measuring spatial variations in the shadow economy.


1976 ◽  
Vol 84 (2) ◽  
pp. 359-367 ◽  
Author(s):  
John A. James
Keyword(s):  

2020 ◽  
pp. 31-49
Author(s):  
Arthur E. Wilmarth Jr.

Large commercial banks and their securities affiliates helped to finance an unsustainable credit boom and stock market bubble during the 1920s. Charles Mitchell of National City Bank and Albert Wiggin of Chase National Bank pioneered a new universal banking (“financial department store”) business model for large commercial banks. The rise of universal banks resulted in frenzied competition between those institutions and private investment banks. That rivalry resulted in the widespread marketing and sale of speculative, high-risk securities to unsophisticated, poorly informed investors. More than $80 billion of debt and equity securities were issued in the U.S. between 1919 and 1930. The easy availability of financing during the 1920s caused many American companies and households to overexpand and take on excessive debts. Those debt burdens left businesses and consumers in a highly vulnerable position when the credit boom suddenly ended in late 1929.


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