New research studies depositor behavior after hurricanes. The findings are that there is no strong evidence of precautionary saving. Balances and deposits fell, but so did withdrawals and account closures. Small savers weren’t driving the decline.

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Was gold trading efficient when it was the backbone of the monetary system? New research reconstructs daily London Gold Fixing prices (1919–1968) & tests market efficiency: Gold was inefficient when prices were market-driven and under central bank intervention.

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The 1920–21 recession wasn't purely laissez-faire. The War Finance Corporation (WFC) stepped in, lending to support exports & later aiding banks hit by the agricultural crisis. Bank suspensions plummeted in 1922. How much did WFC liquidity help?

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Did policymakers neglect monetary policy? While money supply experiments began in the late '60s, a nonmonetary view of inflation dominated early '70s decision-making—until money targets gained traction later in the decade.

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Unlike Western Europe, Spain shifted from city-based money markets to central banking without a nationwide banking system. New data reveals price formation, market asymmetries & why lower transaction costs didn’t mean greater efficiency.

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How did medieval Europe solve its small change problem? Rather than overvalued credit money, early mints split larger coins, while later ones innovated with cost-efficient hohlpfennigs. Evidence from hoards shows these methods worked.

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Does democratization lower foreign borrowing costs? 📉📈 This study revisits the question using improved panel event study methods. Findings? The effect is uncertain—estimates are either statistically insignificant or hover around zero.

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