Bruce Champ

This paper provides a summary of the main features of U.S. financial and banking data during the period of the National Banking System (1863–1914).

We review the positive and normative effects of a minimum wage in various versions of a search-theoretic model of the labor market.

The era of the National Banking System (1863-1913) has been a puzzling one for monetary theorists and economic historians for well over a century.

The era of the National Banking System (1863-1913) has been a puzzling one for monetary theorists and economic historians for well over a century.

This paper provides a summary of the main features of U.S. financial and banking data during the period of the National Banking System (1863–1914).

We review the positive and normative effects of a minimum wage in various versions of a search-theoretic model of the labor market.

We review the positive and normative effects of a minimum wage in various versions of a search-theoretic model of the labor market.

This paper provides a summary of the main features of U.S. financial and banking data during the period of the National Banking System (1863–1914).

The era of the National Banking System (1863-1913) has been a puzzling one for monetary theorists and economic historians for well over a century.

From 1883 to 1892, the circulation of national bank notes in the United States fell nearly 50 percent.

The last decade has witnessed a great deal of theoretical and empirical research on the relationships between inflation, financial market performance, and economic growth.

Under the National Banking System, 1863-1914, national banks that deposited sufficient collateral could issue notes provided they paid a tax on notes in circulation: 1 percent per year before 1900 and 1⁄2 percent thereafter.

Substitutes for government-issued money are produced and used from time to time even in countries like the UnitedStates.

The government isn’t the only entity allowed to issue money.

The world has seen a dramatic decline in inflation rates in recent decades, but concerns about inflation may still be warranted, especially in some countries.

The terrorist attacks of 9/11 triggered a staggering increase in demand for U.S. dollars all over the world, a demand which threatened to disrupt the American payments system but was met swiftly and successfully by the Federal Reserve.

The Federal Reserve System is America’s uneasy compromise between our wariness of concentrated financial power and our desire to promote efficiency in our national payments system.

Alexander Hamilton is perhaps the least known and most misunderstood of our nation’s founders.