Scientific Observations on Financial Markets
"Even though bailouts mitigate the adverse effects of banking crises, we find that the economy is ex ante better off without bailouts: the ‘diabolic loop’ they create is too costly."
"How credible is central bank research? The answer matters for the policymakers who use the research and for the taxpayers who fund it."
A comprehensive analysis of European craft guilds through eight centuries of economic history
Cascaldi-Garcia, Danilo, Cisil Sarisoy, Juan M. Londono, John Rogers, Deepa Datta, Thiago Ferreira, Olesya Grishchenko, Mohammad R. Jahan-Parvar, Francesca Loria, Sai Ma, Marius Rodriguez, and Ilknur Zer
"Currency competition provided a stable monetary standard in those Swiss cantons that deregulated their financial systems after liberal revolutions in the 1830s and 40s."