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- W1509629322 abstract "The “Federalist financial revolution” may have jump-started the U.S. economy into modern growth, but the Free Banking System (1837–1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into developing regions, we find in county-level data that free banks had little or no effect on growth. The result is not just a symptom of the era, as state-chartered banks seem to have strong and positive effects on manufacturing and urbanization. (JEL G21, N21, O43)" @default.
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- W1509629322 date "2012-12-02" @default.
- W1509629322 modified "2023-09-27" @default.
- W1509629322 title "BANKS, FREE BANKS, AND U.S. ECONOMIC GROWTH" @default.
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- W1509629322 doi "https://doi.org/10.1111/j.1465-7295.2012.00495.x" @default.
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