Economic Perspectives

A professional journal containing articles on economics, monetary theory and policy, payments systems, banking and finance, based in the Chicago, Illinois, region.

Articles from Vol. 24, No. 1, Spring

Black/white Differences in Wealth
Introduction and summary The gap in wealth holdings between African-Americans and white Americans is enormous--much larger than the gap in earnings. For example, Menchik and Jianakoplos (1997) find that the average wealth of black households is...
Dollarization in Argentina
Introduction and summary In January 1999, Argentina announced that it was considering adopting the U.S. dollar as its sole medium of exchange. This policy proposal, which is known as "dollarization," received considerable attention from both policymakers...
The Price of Bank Mergers in the 1990s
Introduction and summary The last decade has witnessed an unprecedented pace of bank mergers and acquisitions. Between 1990 and 1998, the number averaged about 510 per year compared with 345 per year over the 1980--89 period. As a result of this...
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