What drives deposit rates after bank mergers? Not just market power
Local concentration may be less important than institutional tendencies toward interest-rate convergence.
The latest
How will poor countries cope with COVID-19?
Chicago Booth’s Raghuram G. Rajan discusses the challenges of confronting an outbreak in the developing world.
Capitalisn’t: Coronavirus—a cost-benefit analysis of the economic shutdown
Capitalisn’t host Luigi Zingales conducts an analysis of the economic effects of sheltering in place, and debates his conclusions with the Hoover Institution’s Russ Roberts.
How does economic policy interact with public health measures for COVID-19?
A panel of experts weighs in on the economics of curbing the spread of the novel coronavirus.
Capitalisn’t: What happened to the middle?
Capitalisn’t hosts Kate Waldock and Luigi Zingales talk with Paul Krugman about where America’s economy has failed, and how we can fix it.
Latest from the Magazine
-
The populism puzzle
What caused the uprising that has transformed global politics?
-
Could anything unite the United States?
Cultural and political divisions have persisted for decades. Now there’s a growing gap in how Americans see each other.
-
How racial bias infected a major health-care algorithm
A design decision resulted in significant disparity in who was identified for enrollment in a care-management program.
-
Is there a culture problem among startups?
Chicago Booth’s Steve Kaplan and Starr Marcello are joined by New York Times reporter Mike Isaac to discuss the role of corporate governance in entrepreneurship.
-
Retailers underestimate the power of a penny in pricing
Many companies don’t recognize the potency of customers’ “left-digit bias.”
-
States are already paying for unfunded pensions
Large, unfunded state pension liabilities are a costly problem—and the cost is already reflected in current bond prices.