Author Archives: Robert W Price

US Federal Reserve Paper – Is Small Business Lending Valuable to Banks?

The consolidation of individual U.S. bank charters has resulted in both a shrinkage in the number of banks and an increase in their average size. A well-known concern is the effect on the availability of credit to small and midsize enterprises (SMEs) that, being too small to efficiently access national credit markets directly, rely on financial intermediaries, especially banks. A

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What Do Entrepreneurs Need to Know About BitCoin?

The spectacular rise late last year in the price of Bitcoin, the dominant virtual currency, has attracted much public attention as well as scholarly interest. This policy report discusses how some features of Bitcoin, as designed and executed to date, have hampered its ability to perform the functions required of a fiat money––as a medium of exchange, unit of account,

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Cato Event Live Online – Rethinking Housing Bubbles

Rethinking Housing Bubbles: The Role of Household and Bank Balance Sheets in Modeling Economic Cycles Wednesday, October 1, 2014 12:00 PM (EST) >>Watch Live Online Featuring the authors Vernon L. Smith, Laureate 2002, Nobel Prize in Economic Sciences and Professor, Chapman University; and Steven D. Gjerstad, Presidential Fellow, Chapman University; with comments by Dean Baker, Co-founder, Center for Economic and

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US Federal Reserve Report – Discussion on the Tokenization Landscape for Mobile Payments in USA

The Mobile Payments Industry Workgroup (MPIW) convened a meeting on June 2-3, 2014 to discuss several industry tokenization initiatives being developed for digital and mobile retail payments. The key objectives of the meeting were to: (1) generate an overview of the different industry tokenization initiatives under development (ASC X9, EMVCo, the Payment Card Industry Security Standards Council (PCI SSC), The

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Tax Foundation Report – International Tax Competitiveness Index (2014)

Taxes are a crucial component of a country’s international competitiveness. In today’s globalized economy, the structure of a country’s tax code is an important factor for businesses when they decide where to invest. No longer can a country tax business investment and activity at a high rate without adversely affecting its economic performance. In recent years, many countries have recognized

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US Federal Reserve Report – Mexico’s New Banking Measures Aim to Help Entrepreneurs

The overhaul of Mexico’s banking laws, enacted as part of President Enrique Peña Nieto’s wide-ranging economic and business structural changes, could address the banking system’s greatest weakness: the availability of credit for small- and medium-sized business, while enhancing regulatory oversight and transparency. Arguably the banking system’s greatest weakness involves small and medium-sized businesses’ difficulty obtaining credit. Only 32 percent of

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