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econpapers.repec.org - 10/26/2009
Information technology and the U.S. productivity revival: what do the industry data say?
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EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. Information technology and the U.S. productivity revival: what do the industry data say? Kevin Stiroh () No 115, Staff Reports from Federal Reserve Bank of New York Abstract: This paper examines the link between ...
baselinescenario.com - 10/26/2009
Are Big Banks Better?
— baselinescenario.com — Last week, Charles Calomiris wrote an op-ed in the Wall Street Journal arguing that big banks are... better for various reasons. Simon wrote last week saying that Calomiris underestimated the political dimension, and that his proposed solution — a cross-border resolution mechanism for large ... (more) Are Big Banks Better?

Comments vote down jamesykwak jamesykwak posted 10/26/2009posted this

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The Baseline Scenario:  Are Big Banks Better?

naked capitalism:  Guest Post: Big Banks Are NOT More Efficient

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Are Big Banks Better?
The Baseline Scenario — ... His main explanation for the productivity growth is not consolidation, but information technology: “The finding of steady productivity growth, in particular, is important since it is consistent with the idea that the massive investment in new technology is working to improve the performance of the banking industry.” This is not proven in this paper, but Stiroh went on to write a bunch of other papers on the link between information technology and productivity. For example, this paper (on the entire economy, not just banking) concludes: ...

Guest Post: Big Banks Are NOT More Efficient
naked capitalism — ... main explanation for the productivity growth is not consolidation, but information technology: “The finding of steady productivity growth, in particular, is important since it is consistent with the idea that the massive investment in new technology is working to improve the performance of the banking industry.” This is not proven in this paper, but Stiroh went on to write a bunch of other papers on the link between information technology and productivity. For example, this paper (on the entire economy, not just banking) concludes: ...

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