Browsing Department of Economics by Subject "JEL Classification Number: E44"

Now showing items 1-4 of 4

    • Financial Intermediaries, Markets, and Growth' 
      Fecht, Falko; Huang, Kevin X.D.; Martin, Antoine (Vanderbilt University, 2007)
      We build a model in which financial intermediaries provide insurance to households against idiosyncratic liquidity shocks. Households can invest in financial markets directly if they pay a cost. In equilibrium, the ability ...
    • Inflation, Finance, and Growth: A Trilateral Analysis 
      Rousseau, Peter L.; Yilmazkuday, Hakan (Vanderbilt University, 2009)
      A large body of evidence links financial development to economic growth, yet the channels through which inflation affects this relationship and its stability have been less thoroughly explored. We take an econometric and ...
    • Monetary Policy and the Dollar 
      Rousseau, Peter L. (Vanderbilt University, 2009)
      In this essay I propose that the adoption of the U.S. dollar as a common currency shortly after the ratification of the Federal Constitution and the accompanying transition from a fiat to specie standard was a pivotal ...
    • What is Happening to the Impact of Financial Deepening on Economic Growth? 
      Rousseau, Peter L.; Wachtel, Paul (Vanderbilt University, 2009)
      Although the finance-growth relationship is now firmly entrenched in the empirical literature, we show that it is not as strong in more recent data as it was in the original studies with data for the period from 1960 to ...