Publications

Monetary Policy and Racial Unemployment Rates
Madeline Zavodny and Tao Zha
This article analyzes the effect of exogenous movements in monetary policy and other macroeconomic variables on the overall and black unemployment rates.

The Economics of Check Float
James McAndrews and William Roberds
This article explains how check float arises within the U.S. payment system and how float can discourage the adoption of other types of payment.

Perspectives on a Potential North American Monetary Union
Michael Chriszt
This article examines the idea of monetary union in North America. The author discusses specific criteria for a single currency for North America as well as the pros and cons of a monetary union and dollarization in the North American context.

Is Commercial Banking a Distinct Line of Commerce?
Lynn W. Woosley, B. Frank King, and Michael S. Padhi
This article compares measures of market concentration across deposit and small business loan products to answer two questions crucial for antitrust analysis: Are small business lending markets local, and are deposits an adequate proxy for small business loans?