ECONOMY
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The Changing Landscape of Corporate Credit
Nina Boyarchenko and Leonardo Elias Firms’ access to credit is a crucial determinant of their investment, employment, and overall growth…
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Veterans in the Labor Market: 2024 Update
Rajashri Chakrabarti, Dan Garcia, and Maxim Pinkovskiy Veterans constitute a significant segment of the male labor force, and understanding labor…
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Do Exchange-Traded Products Improve Bitcoin Trading?
Ken Armstrong, Asani Sarkar, and Leslie Conner Warren Spot bitcoin exchange-traded products (ETPs) began trading in the U.S. on January…
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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond
Kasey Chatterji-Len and Anna Kovner Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting…
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Can Discount Window Stigma Be Cured?
Olivier Armantier One of the core responsibilities of central banks is to act as “lender of last resort” to the…
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Taking Stock: Dollar Assets, Gold, and Official Foreign Exchange Reserves
Patrick Douglass, Linda S. Goldberg, and Oliver Z. Hannaoui Global central banks and finance ministries held nearly $12 trillion of…
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Has Market Concentration in U.S. Manufacturing Increased?
Mary Amiti and Sebastian Heise The increasing dominance of large firms in the United States has raised concerns about pricing…
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The Anatomy of Export Controls
Matteo Crosignani, Lina Han, Marco Macchiavelli, and André F. Silva Governments increasingly use export controls to limit the spread of…
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Internal Liquidity’s Value in a Financial Crisis
Cecilia Caglio and Adam Copeland A classic question for U.S. financial firms is whether to organize themselves as entities that…
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Learning by Bouncing: Overdraft Experience and Salience
Donald P. Morgan and Wilbert van der Klaauw Overdraft credit, when banks and credit unions allow customers to spend more…
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