State of Banking, 2016

Headlines

• 08.05.19

  Cleveland—Slow Growth and Falling Unemployment

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  Joel Elvery Julianne Dunn

  Cleveland’s economy continues to improve, with slow employment growth and a steady drop in the unemployment rate. Read More

• 08.05.19

  Cincinnati—Favorable Economic Conditions Bolstering Cincinnati’s Labor Market

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  Richard Kaglic Tristan Young

  A falling unemployment rate, the addition of more than 13,000 jobs, and an increase in per capita GDP are three encouraging factors for this metro area’s economy. Read More

• 07.16.19

  Bitcoin’s Decentralized Decision Structure

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  Ben R. Craig

  With the introduction of bitcoin, the world got not just a new currency, it also got evidence that a decentralized control structure could work in practice for institutional governance. This Commentary discusses the advantages and disadvantages of centralized and decentralized control structures by examining the features of the bitcoin payment system. We show that while the decentralized nature of the Bitcoin network "democratizes" payments, it is not obvious that the approach increases the equity or efficiency of markets or that the costs of the decentralized control structure won’t outweigh the benefits in the long run. Read More