Sound Banking
bankofengland

When Did the Bank of England Become a Lender of Last Resort?

– June 11, 2019

It happened sometime after the crisis of 1847.

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Sound Banking
vaultofbank

Narrow Banks, Very Narrow Banks, and the Federal Reserve

– May 31, 2019

A bank charter has been granted to The Narrow Bank in Connecticut. But the idea of narrow banking is not new.

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Sound Banking, Sound Money Project
SMPimage4

Sound Money Project Essay Contest

– May 26, 2019

What are the merits of returning to the gold standard? Is such a system feasible today?

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Regulation, Sound Banking
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The Costs of Dodd-Frank

– May 12, 2019

The jury is still out on whether Dodd-Frank has made the financial system more robust. But we are starting to get a clearer picture of what impact it has had on compliance cost, bank lending, and bank consolidation.

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Sound Banking
margincall

Safe Banks Are Probably Not What You Want

– April 5, 2019

Why wouldn’t we want safe and stable banks? Like almost everything else in economics, benefits in one area comes with real costs in others.

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Sound Banking
bankvalue

How Do Bankers Create Value?

– March 26, 2019

Successful banks move resources from lower-value to higher-value uses while unsuccessful banks move resources from higher-value to lower-value uses.

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Sound Banking
usps-796059_1280

Going Postal

– February 20, 2019

Some politicians are calling for the return of postal banking. Should we heed their call?

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Sound Banking
money-transfer-3588301_1280

Financial Inclusion: One Size Doesn’t Fit All

– January 9, 2019

We can’t predict exactly what solutions will emerge from financial liberalization. The results will likely differ from country to country or region to region, depending on unique cultural and socio-economic factors.

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Sound Banking
safe-913452_1280

Why Are Many Households Unbanked?

– December 27, 2018

A new NBER working paper raises doubts about the welfare gains from mobile banking.  

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Regulation, Sound Banking
tractor-2271577_1280

The WWI Agriculture Boom and Bust

– November 15, 2018

A new NBER working paper uses bank-level financial and county-level agricultural data to show how risky lending might amplify the boom and bust.  

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