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Challenges in Banking the Rural Poor: Evidence from Kenya's Western Province.
While effects of public policy are one of the foundations of organizational theory, less explored is how these effects may depend on other external environmental factors. We focus on how policy is a n...
Introduction Recent, highly publicized bank failures have inspired some observers to advocate reversal of the financial deregulation begun in 1980; they argue that the excessive risk assumed by unr...
If bankers are restrained from issuing any circulating bank notes, or notes payable to the bearer for less than a certain sum; and ifthey are subjected to the obligation of an immediate and uncondit...
This paper examines central banking in general and the Federal Reserve system in particular from the perspective of the theory of public choice. It is common to rationalize central banking as being ...
Papers on the Glass-Steagall Act are difficult to write these days. Most economists who have examined the effects of the act have concluded that it has unwisely protected investment banks from comp...
CAN BANKING AND COMMERCE Mix?     COMMERCE Mix  banking       2008/12/4
The mixture of banking and commerce is hardly a revolutionary concept. Banking and commerce have been mixed in the United States since the birth of the republic, and they remain mixed today. The ke...
Introduction In neoclassical price theory the firm is a black box and there are no banks. Into the box go labor and capital and out come products; the apparatus is driven by wealth maximization and...
One objective of this paper is to explain the automatic stabilizing mechanisms inherent in a free banking system. Starting from an initial primitive state of society, I will suggest how a banking sy...
What is commonly called “money” can be held in either of two forms. There are deposits, from which payments can be made by check, and currency or hand-to-hand money. Even though the total demand fo...
Against a background of an unprecedented number of commercial bank failures, the Banking Act of 1933 laid out the basic framework of modern banking regulation in the United States. Among its other ...
Weexamine mutual fund banking as an alternative form offinancial intermediation. Individuals would hold checkable deposits at financial intermediaries structured as mutual funds. Although the nomina...
In a large number of countries, long-standing laws and customs separating commercial banking from securities activities are being removed or their effectiveness is being eroded by market pressures. ...
The rapid pace of change in financial markets over the past two decades or so is often referred to as a financial market revolution. One ofthe major elements of this revolutionary change has been th...
Full privatization of currency is a reform that deserves serious consideration. Unfortunately, it is often taken to mean replacing a single government fiat money with multiple private moneys, each ...

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