NBER Papers in JEL Code N2: Economic History - Financial Markets and Institutions

2022
w29938	Marco Del Angel Gary Richardson	Independent Regulators and Financial Stability: Evidence from Gubernatorial Campaigns and a Progressive Era Policy Experiment
w29858	William J. Collins Nicholas C. Holtkamp Marianne H. Wanamaker	Black Americans' Landholdings and Economic Mobility after Emancipation: New Evidence on the Significance of 40 Acres
w29740	Jianqiang Chen Pei-Fang Hsieh Po-Hsuan Hsu Ross Levine	Environmental Liabilities, Creditors, and Corporate Pollution: Evidence from the Apex Oil Ruling
2021
w29416	Hugh Rockoff	O.M.W. Sprague (the Man Who "Wrote the Book" on Financial Crises) meets the Great Depression
w29404	Wolfgang Keller Carol H. Shiue	The Economic Consequences of the Opium War
w29347	Ethan Ilzetzki Carmen M. Reinhart Kenneth S. Rogoff	Rethinking Exchange Rate Regimes
w29244	Price V. Fishback Jonathan Rose Kenneth A. Snowden Thomas Storrs	New Evidence on Redlining by Federal Housing Programs in the 1930s
w29155	Amir Sufi Alan M. Taylor	Financial crises: A survey
w29035	Asli M. Colpan Randall Morck	Business Groups: Panics, Runs, Organ Banks and Zombie Firms
w28870	Haelim Anderson Kinda Cheryl Hachem Simpson Zhang	Reallocating Liquidity to Resolve a Crisis: Evidence from the Panic of 1873
w28810	Howard Bodenhorn	Were Small-Town New Yorkers Life-Cycle Savers?
w28794	Ross Levine Chen Lin Chicheng Ma Yuchen Xu	The Legal Origins of Financial Development: Evidence from the Shanghai Concessions
w28767	Kilian Huber	Are Bigger Banks Better? Firm-Level Evidence from Germany
w28766	Kilian Huber Volker Lindenthal Fabian Waldinger	Discrimination, Managers, and Firm Performance: Evidence from "Aryanizations" in Nazi Germany
w28598	Kris James Mitchener Christoph Trebesch	Sovereign Debt in the 21st Century: Looking Backward, Looking Forward
w28577	Hugh Rockoff	Oh, How the Mighty Have Fallen: The Bank Failures and Near Failures That Started America's Greatest Financial Panics
w28411	Randall Morck	Kindleberger Cycles: Method in the madness of crowds?
w28356	Marco Del Angel Caroline Fohlin Marc D. Weidenmier	Do Global Pandemics Matter for Stock Prices? Lessons from the 1918 Spanish Flu
2020
w28230	Charlotte Bartels Simon Jäger Natalie Obergruber	Long-Term Effects of Equal Sharing: Evidence from Inheritance Rules for Land
w28197	Òscar Jordà Martin Kornejew Moritz Schularick Alan M. Taylor	Zombies at Large? Corporate Debt Overhang and the Macroeconomy
w28108	Ethan Ilzetzki Carmen M. Reinhart Kenneth S. Rogoff	Will the Secular Decline In Exchange Rate and Inflation Volatility Survive COVID-19?
w28069	Luis Dau Randall Morck Bernard Yeung	Corporate Governance, Business Group Governance and Economic Development Traps
w27912	Mark Carlson Matthew S. Jaremski	Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s
w27898	Michael D. Bordo	Monetary Policy Cooperation/Coordination and Global Financial Crises in Historical Perspective
w27851	Tania Babina Asaf Bernstein Filippo Mezzanotti	Crisis Innovation
w27750	Eric C. Edwards Martin Fiszbein Gary D. Libecap	Property Rights to Land and Agricultural Organization: An Argentina-United States Comparison
w27721	Haelim Anderson Selman Erol Guillermo Ordoñez	Interbank Networks in the Shadows of the Federal Reserve Act
w27703	Eric Hilt Matthew S. Jaremski Wendy Rahn	When Uncle Sam Introduced Main Street to Wall Street: Liberty Bonds and the Transformation of American Finance
w27668	Michael R. Haines J. David Hacker Matthew S. Jaremski	Early Fertility Decline in the United States: Tests of Alternative Hypotheses using New Complete-Count Census Microdata and Enhanced County-Level Data
w27665	Zhiguo He Maggie Rong Hu Zhenping Wang Vincent Yao	Valuation of Long-Term Property Rights under Political Uncertainty
w27503	Réka Juhász Mara P. Squicciarini Nico Voigtländer	Technology Adoption and Productivity Growth: Evidence from Industrialization in France
w27380	Samuel M. Hartzmark David H. Solomon	Reconsidering Returns
w27343	Sebastian Horn Carmen M. Reinhart Christoph Trebesch	Coping with Disasters: Two Centuries of International Official Lending
w27067	Michael D. Bordo Christopher M. Meissner	Original Sin and the Great Depression
w26885	Michela Giorcelli Petra Moser	Copyright and Creativity. Evidence from Italian Opera During the Napoleonic Age
w26859	Kris James Mitchener Gary Richardson	Contagion of Fear
w26760	Ethan Ilzetzki Carmen M. Reinhart Kenneth S. Rogoff	Why Is the Euro Punching Below Its Weight?
2019
w26536	Ran Abramitzky Philipp Ager Leah Platt Boustan Elior Cohen Casper W. Hansen	The Effects of Immigration on the Economy: Lessons from the 1920s Border Closure
w26399	Jongkwan Lee Giovanni Peri Vasil Yasenov	The Labor Market Effects of Mexican Repatriations: Longitudinal Evidence from the 1930s
w26330	Thomas Philippon	On Fintech and Financial Inclusion
w26166	Cécile Bastidon Michael Bordo Antoine Parent Marc Weidenmier	Towards an Unstable Hook: The Evolution of Stock Market Integration Since 1913
w26050	Sebastian Horn Carmen M. Reinhart Christoph Trebesch	China's Overseas Lending
w26034	Matthew S. Jaremski David C. Wheelock	The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network
w25897	Charles W. Calomiris Matthew S. Jaremski David C. Wheelock	Interbank Connections, Contagion and Bank Distress in the Great Depression
w25812	Steven Sprick Schuster Matthew Jaremski Elisabeth Ruth Perlman	An Empirical History of the United States Postal Savings System
w25790	Felipe Benguria Alan M. Taylor	After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade
w25768	Christina D. Romer David H. Romer	Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why
w25653	Òscar Jordà Moritz Schularick Alan M. Taylor	The Total Risk Premium Puzzle
w25543	Josefin Meyer Carmen M. Reinhart Christoph Trebesch	Sovereign Bonds since Waterloo
2018
w25405	Sanjiv R. Das Kris James Mitchener Angela Vossmeyer	Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression
w25392	James J. Feigenbaum James Lee Filippo Mezzanotti	Capital Destruction and Economic Growth: The Effects of Sherman's March, 1850-1920
w25260	Cory Cutsail Farley Grubb	The Paper Money of Colonial North Carolina, 1712-74: Reconstructing the Evidence
w25246	Price Fishback Sebastián Fleitas Jonathan Rose Kenneth Snowden	Collateral Damage: The Impact of Foreclosures on New Home Mortgage Lending in the 1930s
w25237	Richard B. Baker Carola Frydman Eric Hilt	Political Discretion and Antitrust Policy: Evidence from the Assassination of President McKinley
w25197	Richard C. Sutch	The Economics of African American Slavery: The Cliometrics Debate
w25159	Matthew S. Jaremski David C. Wheelock	Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock
w24998	Peter Koudijs Laura Salisbury Gurpal Sran	For Richer, for Poorer: Bankers' Liability and Risk-taking in New England, 1867-1880
w24792	Eric Hilt	Banks, Insider Connections, and Industrialization in New England: Evidence from the Panic of 1873
w24719	Eric Hilt Wendy M. Rahn	Financial Asset Ownership and Political Partisanship: Liberty Bonds and Republican Electoral Success in the 1920s
w24677	Òscar Jordà Moritz Schularick Alan M. Taylor Felix Ward	Global Financial Cycles and Risk Premiums
w24460	Charles W. Calomiris Mark Carlson	Bank Examiners' Information and Expertise and Their Role in Monitoring and Disciplining Banks Before and During the Panic of 1893
w24459	Alexis Antoniades Charles W. Calomiris	Mortgage Market Credit Conditions and U.S. Presidential Elections
w24431	Charles W. Calomiris Elliot S.M. Oh	Who Owned Citibank? Familiarity Bias and Business Network Influences on Stock Purchases, 1925-1929
w24388	Wolfgang Keller Carol H. Shiue Xin Wang	Capital Markets and Grain Prices: Assessing the Storage Approach
w24367	Sebastian Edwards	Keynes on the Sequencing of Economic Policy: Recovery and Reform in 1933
2017
w24154	Michael D. Bordo	An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime
w24118	Stefano Comino Alberto Galasso Clara Graziano	The Diffusion of New Institutions: Evidence from Renaissance Venice's Patent System
w23948	Howard Bodenhorn	Were Nineteenth-Century Industrial Workers Permanent Income Savers?
w23944	Daniel Treisman	Democracy by mistake
w23890	Keith Meyers Melissa A. Thomasson	Paralyzed by Panic: Measuring the Effect of School Closures during the 1916 Polio Pandemic on Educational Attainment
w23845	Randall Morck Bernard Yeung	East Asian Financial and Economic Development
w23828	Haelim Park Anderson Gary Richardson Brian S. Yang	Deposit Insurance and Depositor Monitoring: Quasi-Experimental Evidence from the Creation of the Federal Deposit Insurance Corporation
w23800	Ross Levine Chen Lin Wensi Xie	The Origins of Financial Development: How the African Slave Trade Continues to Influence Modern Finance
w23783	Cory Cutsail Farley Grubb	The Paper Money of Colonial North Carolina, 1712-1774
w23629	Erik Heitfield Gary Richardson Shirley Wang	Contagion During the Initial Banking Panic of the Great Depression
w23560	Howard Bodenhorn	Opening Access: Banks and Politics in New York from the Revolution to the Civil War
w23440	Maurice Obstfeld Alan M. Taylor	International Monetary Relations: Taking Finance Seriously
w23287	Òscar Jordà Björn Richter Moritz Schularick Alan M. Taylor	Bank Capital Redux: Solvency, Liquidity, and Crisis
w23204	Sebastian Edwards	The London Monetary and Economic Conference of 1933 and the End of The Great Depression: A "Change of Regime" Analysis
w23165	Andrew J. Fieldhouse Karel Mertens	A Narrative Analysis of Mortgage Asset Purchases by Federal Agencies
w23141	Sebastian Edwards	Keynes and the Dollar in 1933
w23135	Ethan Ilzetzki Carmen M. Reinhart Kenneth S. Rogoff	The Country Chronologies to Exchange Rate Arrangements into the 21st Century: Will the Anchor Currency Hold?
w23134	Ethan Ilzetzki Carmen M. Reinhart Kenneth S. Rogoff	Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?
w23124	Geert Bekaert Arnaud Mehl	On the Global Financial Market Integration "Swoosh" and the Trilemma
w23113	Matthew S. Jaremski	The (Dis)Advantages of Clearinghouses Before the Fed
w23052	B. Zorina Khan	Related Investing: Corporate Ownership and Capital Mobilization during Early Industrialization
2016
w22891	Jon Cohen Kinda Cheryl Hachem Gary Richardson	Relationship Lending and the Great Depression
w22865	Randall Morck Masao Nakamura	Japan's Ultimately Unaccursed Natural Resources-Financed Industrialization
w22844	Kris James Mitchener Gonçalo Pina	Pegxit Pressure: Evidence from the Classical Gold Standard
w22793	Ari Levine Yao Hua Ooi Matthew Richardson	Commodities for the Long Run
w22747	David S. Jacks Se Yan Liuyan Zhao	Silver Points, Silver Flows, and the Measure of Chinese Financial Integration
w22692	Charles W. Calomiris Matthew S. Jaremski	Stealing Deposits: Deposit Insurance, Risk-Taking and the Removal of Market Discipline in Early 20th Century Banks
w22652	Howard Bodenhorn	Two Centuries of Finance and Growth in the United States, 1790-1980
w22295	Emmanuel Farhi Matteo Maggiori	A Model of the International Monetary System
w22155	Karen Clay Joshua Lewis Edson Severnini	Canary in a Coal Mine: Infant Mortality, Property Values, and Tradeoffs Associated with Mid-20th Century Air Pollution
w22074	Kris James Mitchener Gary Richardson	Network Contagion and Interbank Amplification during the Great Depression
w21958	Carmen M. Reinhart Vincent Reinhart Christoph Trebesch	Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015
w21952	Peter Koudijs Laura Salisbury	Bankruptcy and Investment: Evidence from Changes in Marital Property Laws in the U.S. South, 1840-1850
w21881	Farley Grubb	Colonial Virginia's Paper Money Regime, 1755-1774: Value Decomposition and Performance
w21845	John Komlos Brian A'Hearn	The Decline in the Nutritional Status of the U.S. Antebellum Population at the Onset of Modern Economic Growth
2015
w21799	George J. Hall Thomas J. Sargent	A History of U.S. Debt Limits
w21786	Sebastián Fleitas Price Fishback Kenneth Snowden	Forbearance by Contract: How Building and Loans Mitigated the Mortgage Crisis of the 1930s
w21777	Stéphane Becuwe Bertrand Blancheton Christopher M. Meissner	Stages of Diversification: France, 1836-1938
w21707	Randall Morck Gloria Y. Tian	Business Groups in Canada: Their Rise and Fall, and Rise and Fall Again
w21700	William Goetzmann Simon Huang	Momentum in Imperial Russia
w21693	William N. Goetzmann	Bubble Investing: Learning from History
w21684	Charles W. Calomiris Matthew Jaremski Haelim Park Gary Richardson	Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System
w21553	Matthew S. Jaremski David C. Wheelock	Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System
w21503	Matthew Jaremski Peter L. Rousseau	The Dawn of an 'Age of Deposits' in the United States
w21494	Howard Bodenhorn	Double Liability at Early American Banks
w21486	Òscar Jordà Moritz Schularick Alan M. Taylor	Leveraged Bubbles
w21380	Sebastian Edwards	Academics as Economic Advisers: Gold, the 'Brains Trust,' and FDR
w21373	Traviss Cassidy Mark Dincecco Ugo Troiano	Broadening State Capacity
w21349	Wolfgang Keller Carol H. Shiue Xin Wang	Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices
w21341	Eugene N. White	Protecting Financial Stability in the Aftermath of World War I: The Federal Reserve Bank of Atlanta's Dissenting Policy
w21335	David Le Bris William N. Goetzmann Sébastien Pouget	The Development of Corporate Governance in Toulouse: 1372-1946
w21333	Carmen M. Reinhart Miguel Angel Santos	From Financial Repression to External Distress: The Case of Venezuela
w21287	Michael D. Bordo Christopher M. Meissner	Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises
w21280	Jaume Ventura Hans-Joachim Voth	Debt into Growth: How Sovereign Debt Accelerated the First Industrial Revolution
w21152	Farley Grubb	Colonial New Jersey's Provincial Fiscal Structure, 1709-1775: Spending Obligations, Revenue Sources, and Tax Burdens in War and in Peace
w21039	Alan M. Taylor	Credit, Financial Stability, and the Macroeconomy
w21021	Christina D. Romer David H. Romer	New Evidence on the Impact of Financial Crises in Advanced Countries
w20958	Christian Dippel Avner Greif Daniel Trefler	Outside Options, Coercion, and Wages: Removing the Sugar Coating
w20844	Gianni Toniolo Eugene N. White	The Evolution of the Financial Stability Mandate: From Its Origins to the Present Day
w20832	Richard S. Grossman Hugh Rockoff	Fighting the Last War: Economists on the Lender of Last Resort
2014
w20814	Benjamin Golez Peter Koudijs	Four Centuries of Return Predictability
w20771	Òscar Jordà Moritz HP. Schularick Alan M. Taylor	Betting the House
w20755	Michael D. Bordo Owen F. Humpage Anna J. Schwartz	The Evolution of the Federal Reserve Swap Lines since 1962
w20737	Frederic S. Mishkin Eugene N. White	Unprecedented Actions: The Federal Reserve's Response to the Global Financial Crisis in Historical Perspective
w20554	Guillaume Bazot Michael D. Bordo Eric Monnet	The Price of Stability: The balance sheet policy of the Banque de France and the Gold Standard (1880-1914)
w20544	Carola Frydman Eric Hilt	Investment Banks as Corporate Monitors in the Early 20th Century United States
w20524	Farley Grubb Jim Celia	Non-Legal-Tender Paper Money: The Structure and Performance of Maryland's Bills of Credit, 1767-1775
w20501	Òscar Jordà Moritz Schularick Alan M. Taylor	The Great Mortgaging: Housing Finance, Crises, and Business Cycles
w20491	Alberto Basso Howard Bodenhorn David Cuberes	Fertility and Financial Development: Evidence from U.S. Counties in the 19th Century
w20481	Timothy W. Guinnane Ron Harris Naomi R. Lamoreaux	Contractual Freedom and the Evolution of Corporate Control in Britain, 1862 to 1929
w20459	Asaf Bernstein Eric Hughson Marc D. Weidenmier	Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse
w20392	Ramana Nanda Tom Nicholas	Did Bank Distress Stifle Innovation During the Great Depression?
w20370	Oliver D. Bunn Robert J. Shiller	Changing Times, Changing Values: A Historical Analysis of Sectors within the US Stock Market 1872-2013
w20356	Eric Hilt	History of American Corporate Governance: Law, Institutions, and Politics
w20346	Helios Herrera Guillermo Ordoñez Christoph Trebesch	Political Booms, Financial Crises
w20267	Barry Eichengreen Arnaud J. Mehl Livia Chițu Gary Richardson	Mutual Assistance between Federal Reserve Banks, 1913-1960 as Prolegomena to the TARGET2 Debate
w20220	Kris James Mitchener Kirsten Wandschneider	Capital Controls and Recovery from the Financial Crisis of the 1930s
w20199	David le Bris William N. Goetzmann Sébastien Pouget	Testing Asset Pricing Theory on Six Hundred Years of Stock Returns: Prices and Dividends for the Bazacle Company from 1372 to 1946
w20198	Jeremy Atack Matthew S. Jaremski Peter L. Rousseau	American Banking and the Transportation Revolution Before the Civil War
w20083	Pierre-Cyrille Hautcoeur Angelo Riva Eugene N. White	Floating a "Lifeboat": The Banque de France and the Crisis of 1889
w20078	Howard Bodenhorn Eugene N. White	The Evolution of Bank Boards of Directors in New York, 1840-1950
w20032	Jeremy Atack Matthew S. Jaremski Peter L. Rousseau	Did Railroads Make Antebellum U.S. Banks More Sound?
w19957	Peter Koudijs Hans-Joachim Voth	Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending
w19903	Farley Grubb	A New Approach to Solving the Colonial Monetary Puzzle: Evidence from New Jersey, 1709-1775
w19823	Carmen M. Reinhart Kenneth S. Rogoff	Recovery from Financial Crises: Evidence from 100 Episodes
w19806	Charles W. Calomiris Mark Carlson	Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s
2013
w19728	Jennie Bai Thomas Philippon Alexi Savov	Have Financial Markets Become More Informative?
w19691	Eugene Kandel Konstantin Kosenko Randall Morck Yishay Yafeh	The Great Pyramids of America: A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950
w19655	Carmen M. Reinhart	Asia Chartbook: Crises, Credit and Debt, 1835-2013
w19577	Farley Grubb	The Continental Dollar: How the American Revolution was Financed with Paper Money--Initial Design and Ideal Performance
w19506	Òscar Jordà Moritz HP. Schularick Alan M. Taylor	Sovereigns versus Banks: Credit, Crises, and Consequences
w19425	Anton Cheremukhin Mikhail Golosov Sergei Guriev Aleh Tsyvinski	Was Stalin Necessary for Russia's Economic Development?
w19209	Thomas P. Triebs Justin Tumlinson	Learning to Forecast the Hard Way--Evidence from German Reunification
w19017	Randall Morck Bernard Yeung Wayne Yu	R-squared and the Economy
w18955	Howard Bodenhorn	Large Block Shareholders, Institutional Investors, Boards of Directors and Bank Value in the Nineteenth Century
w18895	Kris James Mitchener Gary Richardson	Does "Skin in the Game" Reduce Risk Taking? Leverage, Liability and the Long-Run Consequences of New Deal Banking Reforms
w18888	Carmen M. Reinhart Kenneth S. Rogoff	Shifting Mandates: The Federal Reserve's First Centennial
w18855	Michael Tomz Mark L. J. Wright	Empirical Research on Sovereign Debt and Default
w18852	Michael Brocker Christopher Hanes	The 1920s American Real Estate Boom and the Downturn of the Great Depression: Evidence from City Cross Sections
w18845	Peter Koudijs	'Those Who Know Most': Insider Trading in 18th c. Amsterdam
w18831	Peter Koudijs	The boats that did not sail: Asset Price Volatility and Market Efficiency in a Natural Experiment
w18819	Dan Liu Christopher M. Meissner	Market Potential and the Rise of US Productivity Leadership
w18814	Christopher M. Meissner	Capital Flows, Credit Booms, and Financial Crises in the Classical Gold Standard Era
w18796	Alexander J. Field	The Interwar Housing Cycle in the Light of 2001-2011: A Comparative Historical Approach
w18789	Matthew S. Jaremski	National Banking's Role in U.S. Industrialization, 1850-1900
w18759	Robert J. Barro Sanjay P. Misra	Gold Returns
w18713	Stephen H. Haber Aldo Musacchio	These Are the Good Old Days: Foreign Entry and the Mexican Banking System
w18712	Eugene N. White	Competition Among the Exchanges before the SEC: Was the NYSE a Natural Hegemon?
w18706	Claude B. Erb Campbell R. Harvey	The Golden Dilemma
w18697	Livia Chițu Barry Eichengreen Arnaud J. Mehl	History, Gravity and International Finance
w18691	Daron Acemoglu Tristan Reed James A. Robinson	Chiefs: Elite Control of Civil Society and Economic Development in Sierra Leone
2012
w18477	Karen Clay Jeff Lingwall Melvin Stephens Jr.	Do Schooling Laws Matter? Evidence from the Introduction of Compulsory Attendance Laws in the United States
w18438	Stelios Michalopoulos Alireza Naghavi Giovanni Prarolo	Trade and Geography in the Origins and Spread of Islam
w18427	Charles W. Calomiris Joseph R. Mason Marc Weidenmier Katherine Bobroff	The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s
w18411	John Y. Campbell Stefano Giglio Christopher Polk Robert Turley	An Intertemporal CAPM with Stochastic Volatility
w18388	Jonathan Rose Kenneth A. Snowden	The New Deal and the Origins of the Modern American Real Estate Loan Contract
w18363	Gerardo della Paolera Alan M. Taylor	Sovereign Debt in Latin America, 1820-1913
w18316	Ryan L. Lampe Petra Moser	Do Patent Pools Encourage Innovation? Evidence from 20 U.S. Industries under the New Deal
w18290	Alan M. Taylor	The Great Leveraging
w18264	Carola Frydman Eric Hilt Lily Y. Zhou	Economic Effects of Runs on Early 'Shadow Banks': Trust Companies and the Impact of the Panic of 1907
w18099	Farley Grubb	Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America
w18097	Livia Chitu Barry Eichengreen Arnaud J. Mehl	When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets
w18077	Thomas Philippon	Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation
w18021	Matthew Jaremski Peter L. Rousseau	Banks, Free Banks, and U.S. Economic Growth
w17997	Farley Grubb	Is Paper Money Just Paper Money? Experimentation and Variation in the Paper Monies Issued by the American Colonies from 1690 to 1775
w17984	Michael D. Bordo Owen Humpage Anna J. Schwartz	Epilogue: Foreign-Exchange-Market Operations in the Twenty-First Century
w17941	Carmen M. Reinhart	A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises
w17808	Howard Bodenhorn	Voting Rights, Share Concentration, and Leverage at Nineteenth-Century US Banks
2011
w17687	Joseph Fan Randall Morck Bernard Yeung	Capitalizing China
w17621	Òscar Jordà Moritz HP. Schularick Alan M. Taylor	When Credit Bites Back: Leverage, Business Cycles, and Crises
w17443	Alejandro Komai Gary Richardson	A Brief History of Regulations Regarding Financial Markets in the United States: 1789 to 2009
w17437	Gary Richardson Patrick Van Horn	In the Eye of a Storm: Manhattan's Money Center Banks During the International Financial Crisis of 1931
w17425	Michael D. Bordo Owen F. Humpage Anna J. Schwartz	The Federal Reserve as an Informed Foreign Exchange Trader: 1973 - 1995
w17312	Michael D. Bordo Angela Redish Hugh Rockoff	Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or ...)?
w17276	Farley Grubb	The Continental Dollar: Initial Design, Ideal Performance, and the Credibility of Congressional Commitment
w17266	Raghuram G. Rajan Rodney Ramcharan	Constituencies and Legislation: The Fight over the McFadden Act of 1927
w17209	Farley Grubb	State Redemption of the Continental Dollar, 1779-1790
w17166	Daniel K. Fetter	How Do Mortgage Subsidies Affect Home Ownership? Evidence from the Mid-century GI Bills
w17147	Eric Hilt Jacqueline Valentine	Democratic Dividends: Stockholding, Wealth and Politics in New York, 1791-1826
w17024	Michael D. Bordo Peter L. Rousseau	Historical Evidence on the Finance-Trade-Growth Nexus
w16966	Daron Acemoglu Simon Johnson James A. Robinson	Hither Thou Shalt Come, But No Further: Reply to "The Colonial Origins of Comparative Development: An Empirical Investigation: Comment"
w16874	Vikas Mehrotra Randall Morck Jungwook Shim Yupana Wiwattanakantang	Adoptive Expectations: Rising Sons in Japanese Family Firms
w16825	Eugene N. White	"To Establish a More Effective Supervision of Banking": How the Birth of the Fed Altered Bank Supervision
w16763	Michael D. Bordo David C. Wheelock	The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933
w16689	Howard Bodenhorn	Partnership fragility and credit costs
w16688	Charles W. Calomiris Joseph Mason David Wheelock	Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach
2010
w16647	Michael D. Bordo Owen F. Humpage Anna J. Schwartz	U.S. Foreign-Exchange-Market Intervention and the Early Dollar Float: 1973 - 1981
w16589	Michael D. Bordo John S. Landon-Lane	The Global Financial Crisis of 2007-08: Is it Unprecedented?
w16567	Òscar Jordà Moritz Schularick Alan M. Taylor	Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons
w16558	Randall Morck	Shareholder Democracy in Canada
w16551	Dongwoo Yoo Richard H. Steckel	Property Rights and Financial Development: The Legacy of Japanese Colonial Institutions
w16550	Wolfgang Keller Ben Li Carol H. Shiue	China's Foreign Trade: Perspectives From the Past 150 Years
w16490	Randall Morck Bernard Yeung	Agency Problems and the Fate of Capitalism
w16462	Panicos O. Demetriades Peter L. Rousseau	Government, Openness and Finance: Past and Present
w16460	Mark Carlson Kris James Mitchener Gary Richardson	Arresting Banking Panics: Fed Liquidity Provision and the Forgotten Panic of 1929
w16345	Michael D. Bordo Owen F. Humpage Anna J. Schwartz	U.S. Foreign-Exchange-Market Intervention during the Volcker-Greenspan Era
w16334	Carmen M. Reinhart Vincent R. Reinhart	After the Fall
w16245	Charles Courtemanche Kenneth A. Snowden	Repairing a Mortgage Crisis: HOLC Lending and its Impact on Local Housing Markets
w16242	Kenneth A. Snowden	Covered Farm Mortgage Bonds in the Late Nineteenth Century U.S.
w16216	Aldo Musacchio	Law and Finance c. 1900
w16204	Peter F. Basile John Landon-Lane Hugh Rockoff	Money and Interest Rates in the United States during the Great Depression
w16202	Barry Eichengreen Peter Temin	Fetters of Gold and Paper
w16092	Zheng Xueyi Yaguang Zhang John Whalley	Monetary Theory from a Chinese Historical Perspective
w16034	Ṣebnem Kalemli-Özcan Alex Nikolsko-Rzhevskyy Jun Hee Kwak	Does Trade Cause Capital to Flow? Evidence from Historical Rainfall
w15884	Randall Morck Fan Yang	The Shanxi Banks
w15770	Peter L. Rousseau	The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897
w15710	Kris James Mitchener David C. Wheelock	Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets
w15679	Kris James Mitchener Se Yan	Globalization, Trade & Wages: What Does History tell us about China?
w15670	Kris James Mitchener Marc D. Weidenmier	Searching for Irving Fisher
w15650	William N. Goetzmann Frank Newman	Securitization in the 1920's
w15634	Angelo Riva Eugene N. White	Danger on the Exchange: How Counterparty Risk Was Managed on the Paris Bourse in the Nineteenth Century
2009
w15573	Eugene N. White	Lessons from the Great American Real Estate Boom and Bust of the 1920s
w15524	Miguel Almunia Agustín S. Bénétrix Barry Eichengreen Kevin H. O'Rourke Gisela Rua	From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons
w15512	Moritz Schularick Alan M. Taylor	Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
w15403	Charles Calomiris	Banking Crises and the Rules of the Game
w15401	Kris James Mitchener Marc D. Weidenmier	Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard
w15209	Lee J. Alston Andrés A. Gallo	Electoral Fraud, the Rise of Peron and Demise of Checks and Balances in Argentina
w15195	Kris James Mitchener Masato Shizume Marc D. Weidenmier	Why did Countries Adopt the Gold Standard? Lessons from Japan
w15190	Sebastian Edwards	FORTY YEARS OF LATIN AMERICA'S ECONOMIC DEVELOPMENT: From the Alliance for Progress to the Washington Consensus
w15171	Sebastian Edwards	Latin America's Decline: A Long Historical View
w15135	Howard Bodenhorn	Splendid Associations of Favored Individuals: Federal and State Commercial Banking Policy in the Federalist Era
w15042	Randall Morck Bernard Yeung	Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
w15028	Farley Grubb	Land Policy: Founding Choices and Outcomes, 1781-1802
w14993	Peter L. Rousseau	Monetary Policy and the Dollar
w14892	Eric Hilt	Wall Street's First Corporate Governance Crisis: The Panic of 1826
w14831	Daron Acemoglu Davide Cantoni Simon Johnson James A. Robinson	The Consequences of Radical Reform: The French Revolution
w14657	Michael D. Bordo Ronald MacDonald Michael J. Oliver	Sterling in crisis: 1964-1967
w14656	Carmen M. Reinhart Kenneth S. Rogoff	The Aftermath of Financial Crises
2008
w14560	Robert J. Gordon	Did Economics Cause World War II?
w14555	Hugh Rockoff	Great Fortunes of the Gilded Age
w14532	Michael D. Bordo Barry Eichengreen	Bretton Woods and the Great Inflation
w14334	Peter Mancall Joshua Rosenbloom Thomas J. Weiss	Commodity Exports, Invisible Exports and Terms of Trade for the Middle Colonies, 1720 to 1775
w14154	Barry Eichengreen Marc Flandreau	The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the Leading International Currency?
w14034	Sebastian Edwards	Globalization, Growth and Crises: The View from Latin America
w14019	Michael D. Bordo Michael J. Dueker David C. Wheelock	Inflation, Monetary Policy and Stock Market Conditions
w14003	Petra Moser	An Empirical Test of Taste-based Discrimination Changes in Ethnic Preferences and their Effect on Admissions to the NYSE during World War I
w13974	Farley Grubb	Creating Maryland's Paper Money Economy, 1720-1739: The Role of Power, Print, and Markets
w13918	Niall Ferguson Moritz Schularick	The "Thin Film Of Gold": Monetary Rules and Policy Credibility In Developing Countries
w13836	Farley Grubb	Testing for the Economic Impact of the U.S. Constitution: Purchasing Power Parity across the Colonies versus across the States, 1748-1811
w13815	Michael D. Bordo Harold James	A Long Term Perspective on the Euro
w13813	Leah Platt Boustan	Competition in the Promised Land: Black Migration and Racial Wage Convergence in the North, 1940-1970
w13770	Farley Grubb	The Continental Dollar: What Happened to It after 1779?
w13765	Kris James Mitchener Marc Weidenmier	Trade and Empire
w13761	Carmen M. Reinhart Kenneth S. Rogoff	Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison
2007
w13608	Rafael La Porta Florencio Lopez-de-Silanes Andrei Shleifer	The Economic Consequences of Legal Origins
w13597	Charles W. Calomiris	Bank Failures in Theory and History: The Great Depression and Other "Contagious" Events
w13577	Michael D. Bordo Christopher M. Meissner	Foreign Capital and Economic Growth in the First Era of Globalization
w13567	Marc D. Weidenmier Kim Oosterlinck	Victory or Repudiation? The Probability of the Southern Confederacy Winning the Civil War
w13545	Joana Naritomi Rodrigo R. Soares Juliano J. Assunção	Rent Seeking and the Unveiling of 'De Facto' Institutions: Development and Colonial Heritage within Brazil
w13403	Kris James Mitchener Marc D. Weidenmier	The Baring Crisis and the Great Latin American Meltdown of the 1890s
w13294	Petra Moser	Why Don't Inventors Patent?
w13171	Randall Morck Masao Nakamura	Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth
w13093	Eric Hilt	When did Ownership Separate from Control? Corporate Governance in the Early Nineteenth Century
w13047	Farley Grubb	The Continental Dollar: How Much Was Really Issued?
w13019	Sebastian Edwards	Crises and Growth: A Latin American Perspective
w12993	Michael D. Bordo	Growing Up to Financial Stability
w12983	Gary Richardson Patrick Van Horn	Fetters of Debt, Deposit, or Gold during the Great Depression? The International Propagation of the Banking Crisis of 1931
w12938	Mark Carlson Kris James Mitchener	Branch Banking as a Device for Discipline: Competition and Bank Survivorship During the Great Depression
w12933	Eugene N. White	The Crash of 1882, Counterparty Risk, and the Bailout of the Paris Bourse
w12917	Matthias Doepke Fabrizio Zilibotti	Occupational Choice and the Spirit of Capitalism
w12851	Efraim Benmelech Tobias J. Moskowitz	The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century
2006
w12719	Gary Richardson	A Comment Concerning Deposit Insurance and Moral Hazard
w12717	Gary Richardson	Bank Distress during the Great Depression: The Illiquidity-Insolvency Debate Revisited
w12716	Gary Richardson	Correspondent Clearing and the Banking Panics of the Great Depression
w12715	Gary Richardson	Quarterly Data on the Categories and Causes of Bank Distress During the Great Depression
w12661	Eugene N. White	Anticipating the Stock Market Crash of 1929: The View from the Floor of the Stock Exchange
w12598	Gary D. Libecap	The Assignment of Property Rights on the Western Frontier: Lessons for Contemporary Environmental and Resource Policy
w12591	Gary Richardson William Troost	Monetary Intervention Mitigated Banking Panics During the Great Depression: Quasi-Experimental Evidence from the Federal Reserve District Border in Mississippi, 1929 to 1933
w12580	Christopher M. Meissner Alan M. Taylor	Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective
w12571	Michael R. Haines J. David Hacker	The Puzzle of the Antebellum Fertility Decline in the United States: New Evidence and Reconsideration
w12543	Alan M. Taylor Janine L. F. Wilson	International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30
w12444	Olivia S. Mitchell John Piggott Michael Sherris Shaun Yow	Financial Innovation for an Aging World
w12393	Michael D. Bordo	Sudden Stops, Financial Crises, and Original Sin in Emerging Countries: Déjà vu?
w12343	William O. Brown Jr. J. Harold Mulherin Marc D. Weidenmier	Competing With the NYSE
w12299	Michael D. Bordo Christopher M. Meissner Marc D. Weidenmier	Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism
w12189	Michael Bordo Harold James	One World Money, Then and Now
w12138	Eugene N. White	Bubbles and Busts: The 1990s in the Mirror of the 1920s
w12074	Kris James Mitchener	Are Prudential Supervision and Regulation Pillars of Financial Stability? Evidence from the Great Depression
w12035	Michael D. Bordo Peter L. Rousseau	Legal-Political Factors and the Historical Evolution of the Finance-Growth Link
w11919	Sung Won Kang Hugh Rockoff	Capitalizing Patriotism: The Liberty Loans of World War I
2005
w11897	Michael D. Bordo Christopher M. Meissner	The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997
w11783	Farley Grubb	The U.S. Constitution and Monetary Powers: An Analysis of the 1787 Constitutional Convention and Constitutional Transformation of the Nation's Monetary System Emerged
w11734	Howard Bodenhorn	Usury Ceilings, Relationships and Bank Lending Behavior: Evidence from Nineteenth Century
w11695	Robert Cull Lance E. Davis Naomi R. Lamoreaux Jean-Laurent Rosenthal	Historical Financing of Small- and Medium-Sized Enterprises
w11556	Lance E. Davis Larry Neal Eugene N. White	The Highest Price Ever: The Great NYSE Seat Sale of 1928-1929 and Capacity Constraints
w11478	Michael Greenstone Paul Oyer Annette Vissing-Jorgensen	Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments
w11472	Kris James Mitchener Marc D. Weidenmier	Supersanctions and Sovereign Debt Repayment
w11389	John Y. Campbell Christopher Polk Tuomo Vuolteenaho	Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns
w11319	William O. Brown Richard C. K. Burdekin Marc D. Weidenmier	Volatility in an Era of Reduced Uncertainty: Lessons from Pax Britannica
w11291	Mark Carlson Kris James Mitchener	Branch Banking, Bank Competition, and Financial Stability
w11173	Michael Bordo Christopher Meissner	Financial Crises, 1880-1913: The Role of Foreign Currency Debt
w11093	Boyan Jovanovic Peter L. Rousseau	General Purpose Technologies
w11062	Randall K. Morck Lloyd Steier	The Global History of Corporate Governance: An Introduction
w11018	Randolph B. Cohen Christopher Polk Tuomo Vuolteenaho	Money Illusion in the Stock Market: The Modigliani-Cohn Hypothesis
2004
w10961	Ted Juhl William Miles Marc D. Weidenmier	Covered Interest Arbitrage: Then vs. Now
w10960	Marc Weidenmier	Gunboats, Reputation, and Sovereign Repayment: Lessons from the Southern Confederacy
w10952	John Joseph Wallis	The Concept of Systematic Corruption in American Political and Economic History
w10923	Naomi R. Lamoreaux Margaret Levenstein Kenneth L. Sokoloff	Financing Invention During the Second Industrial Revolution: Cleveland, Ohio, 1870-1920
w10847	Edward J. Kane	Charles Kindleberger
w10753	John Joseph Wallis Richard E. Sylla Arthur Grinath III	Sovereign Debt and Repudiation: The Emerging-Market Debt Crisis in the U.S. States, 1839-1843
w10654	Howard Bodenhorn	Free Banking and Bank Entry in Nineteenth-Century New York
w10641	Peter Hogfeldt	The History and Politics of Corporate Ownership in Sweden
w10475	Kris James Mitchener	Bank Supervision, Regulation, and Instability During the Great Depression
w10329	Michael D. Bordo John Landon Lane Angela Redish	Good versus Bad Deflation: Lessons from the Gold Standard Era
2003
w9841	Michael D. Bordo Christopher Meissner Angela Redish	How "Original Sin" was Overcome: The Evolution of External Debt Denominated in Domestic Currencies in the United States and the British Dominions
w9742	Hugh Rockoff	Prodigals and Projecture: An Economic History of Usury Laws in the United States from Colonial Times to 1900
w9654	Michael D. Bordo	Exchange Rate Regime Choice in Historical Perspective
2002
w9230	Marc D. Weidenmier Richard C.K. Burdekin	Suppressing Asset Price Inflation: The Confederate Experience, 1861-1865
w9147	Larry Neal Marc Weidenmier	Crises in the Global Economy from Tulips to Today: Contagion and Consequences
w8966	Michael D. Bordo Olivier Jeanne	Boom-Busts in Asset Prices, Economic Instability, and Monetary Policy
w8856	Cormac O. Grada Eugene N. White	Who Panics During Panics? Evidence from a Nineteenth Century Savings Bank
w8716	Barry Eichengreen Michael D. Bordo	Crises Now and Then: What Lessons from the Last Era of Financial Globalization
2001
h0137	Howard Bodenhorn	Short-Term Loans and Long-Term Relationships: Relationship Lending in Early America
w8512	Stanley L. Engerman Kenneth L. Sokoloff	The Evolution of Suffrage Institutions in the New World
h0133	John Joseph Wallis	What Caused the Crisis of 1839?
w8166	Boyan Jovanovic Peter L. Rousseau	Vintage Organization Capital
2000
w8028	Michael A. Clemens Jeffrey G. Williamson	Where did British Foreign Capital Go? Fundamentals, Failures and the Lucas Paradox: 1870-1913
w7919	Charles W. Calomiris Joseph R. Mason	Causes of U.S. Bank Distress During the Depression
w7900	Michael D. Bordo Antu P. Murshid	Are Financial Crises Becoming Increasingly More Contagious? What is the Historical Evidence on Contagion?
w7528	Peter L. Rousseau	Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837
1999
w7365	Michael D. Bordo Lars Jonung	The Future of EMU: What Does the History of Monetary Unions Tell Us?
w7187	Eugene N. White	California Banking in the Nineteenth Century: The Art and Method of the Bank of A. Levy
w7186	Michael Bordo Michael Edelstein	Was Adherence to the Gold Standard a "Good Housekeeping Seal of Approval" During the Interwar Period?
h0113	Joshua L. Rosenbloom	The Challenges of Economic Maturity: New England, 1880 - 1940
1998
w6451	Edward J. Kane Berry K. Wilson	A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance
1997
h0103	Jeremy Atack Peter L. Rousseau	Business Activity and the Boston Stock Market, 1835-1869
w6063	Eugene N. White	The Legacy of Deposit Insurance: The Growth, Spread, and Cost of Insuring Financial Intermediaries
w5960	Maurice Obstfeld Alan M. Taylor	The Great Depression as a Watershed: International Capital Mobility over the Long Run
h0097	Arthur Grinath III John Joseph Wallis Richard Sylla	Debt, Default, and Revenue Structure: The American State Debt Crisis in the Early 1840s
w5909	Stephen J. Brown William N. Goetzmann Roger G. Ibbotson	Offshore Hedge Funds: Survival and Performance 1989-1995
1996
w5848	Berry K. Wilson Edward J. Kane	The Demise of Double Liability as an Optimal Contract for Large-Bank Stockholders
h0067	Michael D. Bordo Angela Redish	A Comparison of the Stability and Efficiency of the Canadian and American Banking Systems 1870-1925
w5743	Alan M. Taylor	International Capital Mobility in History: The Saving-Investment Relationship
w5742	Alan M. Taylor	International Capital Mobility in History: Purchasing-Power Parity in the Long Run
h0079	Charles W. Calomiris Carlos D. Ramirez	Financing the American Corporation: The Changing Menu of Financial Rela-tionships
w5442	Charles W. Calomiris Charles M. Kahn	The Efficiency of Self-Regulated Payments Systems: Learning From the Suffolk System
1995
w5381	Kristen L. Willard Timothy W. Guinnane Harvey S. Rosen	Turning Points in the Civil War: Views from the Greenback Market
1994
w4627	Eugene N. White Peter Rappoport	The New York Stock Market in the 1920s and 1930s: Did Stock Prices Move Together Too Much?
1993
w4408	Charles W. Calomiris	Corporate-Finance Benefits from Universal Banking: Germany and the United States, 1870-1914
w4400	Gary Gorton	Reputation Formation in Early Bank Debt Markets
1992
w4166	Charles W. Calomiris	Greenback Resumption and Silver Risk: The Economics and Politics of Monetary Regime Change in the United States, 1862-1900
w4126	George Alter Claudia Goldin Elyce Rotella	The Savings of Ordinary Americans: The Philidelphia Saving Fund Society in the Mid-Nineteenth Century
w4054	J. Bradford De Long Marco Becht	"Excess Volatility" and the German Stock Market, 1876-1990
h0035	Robert L. Greenfield	Gresham's Law Regained
1960
hick60-1	W. Braddock Hickman assisted by Elizabeth T. Simpson	Statistical Measures of Corporate Bond Financing since 1900
1949
higg49-1	Benjamin H. Higgins	Lombard Street in War and Reconstruction
1944
higg44-1	Benjamin H. Higgins	Canada's Financial System in War

Generated on Sun Apr 24 00:00:03 2022