NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in JEL Code N2: Financial Markets and Institutions

2016
w22891 Jon Cohen
Kinda Cheryl Hachem
Gary Richardson

Relationship Lending and the Great Depression: Measurement and New Implications
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
w22793 Ari Levine
Yao Hua Ooi
Matthew Richardson

Commodities for the Long Run
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
w22295 Emmanuel Farhi
Matteo Maggiori

A Model of the International Monetary System
w22295 Emmanuel Farhi
Matteo Maggiori

A Model of the International Monetary System
w22295 Emmanuel Farhi
Matteo Maggiori

A Model of the International Monetary System
w22295 Emmanuel Farhi
Matteo Maggiori

A Model of the International Monetary System
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
w21786 Sebastián Fleitas
Price Fishback
Kenneth Snowden

Forbearance by Contract: How Building and Loans Mitigated the Mortgage Crisis of the 1930s
w21799 George J. Hall
Thomas J. Sargent

A History of U.S. Debt Limits
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
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
w21486 Òscar Jordà
Moritz Schularick
Alan M. Taylor

Leveraged Bubbles
w21494 Howard Bodenhorn
Double Liability at Early American Banks
w21373 Mark Dincecco
Ugo Troiano

Broadening the State: Policy Responses to the Introduction of the Income Tax
w21373 Mark Dincecco
Ugo Troiano

Broadening the State: Policy Responses to the Introduction of the Income Tax
w21380 Sebastian Edwards
Academics as Economic Advisers: Gold, the 'Brains Trust,' and FDR
w21333 Carmen M. Reinhart
Miguel Angel Santos

From Financial Repression to External Distress: The Case of Venezuela
w21335 David Le Bris
William N. Goetzmann
Sébastien Pouget

The Development of Corporate Governance in Toulouse: 1372-1946
w21341 Eugene N. White
Protecting Financial Stability in the Aftermath of World War I: The Federal Reserve Bank of Atlanta's Dissenting Policy
w21349 Wolfgang Keller
Carol H. Shiue
Xin Wang

Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices
w21280 Jaume Ventura
Hans-Joachim Voth

Debt into Growth: How Sovereign Debt Accelerated the First Industrial Revolution
w21287 Michael D. Bordo
Christopher M. Meissner

Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises
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

The Rents From Trade and Coercive Institutions: 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
w20755 Michael D. Bordo
Owen F. Humpage
Anna J. Schwartz

The Evolution of the Federal Reserve Swap Lines since 1962
w20771 Òscar Jordà
Moritz HP. Schularick
Alan M. Taylor

Betting the House
w20737 Frederic S. Mishkin
Eugene N. White

Unprecedented Actions: The Federal Reserve's Response to the Global Financial Crisis in Historical Perspective
w20544 Carola Frydman
Eric Hilt

Investment Banks as Corporate Monitors in the Early 20th Century United States
w20544 Carola Frydman
Eric Hilt

Investment Banks as Corporate Monitors in the Early 20th Century United States
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)
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
w20481 Timothy W. Guinnane
Ron Harris
Naomi R. Lamoreaux

Contractual Freedom and the Evolution of Corporate Control in Britain, 1862 to 1929
w20481 Timothy W. Guinnane
Ron Harris
Naomi R. Lamoreaux

Contractual Freedom and the Evolution of Corporate Control in Britain, 1862 to 1929
w20491 Alberto Basso
Howard Bodenhorn
David Cuberes

Fertility and Financial Development: Evidence from U.S. Counties in the 19th Century
w20459 Asaf Bernstein
Eric Hughson
Marc D. Weidenmier

Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse
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
w20346 Helios Herrera
Guillermo Ordoñez
Christoph Trebesch

Political Booms, Financial Crises
w20356 Eric Hilt
History of American Corporate Governance: Law, Institutions, and Politics
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
w20198 Jeremy Atack
Matthew S. Jaremski
Peter L. Rousseau

American Banking and the Transportation Revolution Before the Civil War
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
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
w19806 Charles W. Calomiris
Mark Carlson

Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s
w19823 Carmen M. Reinhart
Kenneth S. Rogoff

Recovery from Financial Crises: Evidence from 100 Episodes
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?
w19425 Anton Cheremukhin
Mikhail Golosov
Sergei Guriev
Aleh Tsyvinski

Was Stalin Necessary for Russia's Economic Development?
w19209 Thomas P. Triebs
Justin Tumlinson

Learning Capitalism 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
w18888 Carmen M. Reinhart
Kenneth S. Rogoff

Shifting Mandates: The Federal Reserve's First Centennial
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
w18855 Michael Tomz
Mark L. J. Wright

Empirical Research on Sovereign Debt and Default
w18845 Peter Koudijs
'Those Who Know Most': Insider Trading in 18th c. Amsterdam
w18852 Michael Brocker
Christopher Hanes

The 1920s American Real Estate Boom and the Downturn of the Great Depression: Evidence from City Cross Sections
w18819 Dan Liu
Christopher M. Meissner

Market Potential and the Rise of US Productivity Leadership
w18831 Peter Koudijs
The boats that did not sail: Asset Price Volatility and Market Efficiency in a Natural Experiment
w18814 Christopher M. Meissner
Capital Flows, Credit Booms, and Financial Crises in the Classical Gold Standard Era
w18789 Matthew S. Jaremski
National Banking's Role in U.S. Industrialization, 1850-1900
w18796 Alexander J. Field
The Interwar Housing Cycle in the Light of 2001-2011: A Comparative Historical Approach
w18759 Robert J. Barro
Sanjay P. Misra

Gold Returns
w18706 Claude B. Erb
Campbell R. Harvey

The Golden Dilemma
w18712 Eugene N. White
Competition Among the Exchanges before the SEC: Was the NYSE a Natural Hegemon?
w18712 Eugene N. White
Competition Among the Exchanges before the SEC: Was the NYSE a Natural Hegemon?
w18713 Stephen H. Haber
Aldo Musacchio

These Are the Good Old Days: Foreign Entry and the Mexican Banking System
w18691 Daron Acemoglu
Tristan Reed
James A. Robinson

Chiefs: Elite Control of Civil Society and Economic Development in Sierra Leone
w18697 Livia Chițu
Barry Eichengreen
Arnaud J. Mehl

History, Gravity and International Finance
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
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
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
w18097 Livia Chitu
Barry Eichengreen
Arnaud J. Mehl

When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets
w18099 Farley Grubb
Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America
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
w17443 Alejandro Komai
Gary Richardson

A Brief History of Regulations Regarding Financial Markets in the United States: 1789 to 2009
w17443 Alejandro Komai
Gary Richardson

A Brief History of Regulations Regarding Financial Markets in the United States: 1789 to 2009
w17425 Michael D. Bordo
Owen F. Humpage
Anna J. Schwartz

The Federal Reserve as an Informed Foreign Exchange Trader: 1973 - 1995
w17437 Gary Richardson
Patrick Van Horn

When the Music Stopped: Transatlantic Contagion During the Financial Crisis of 1931
w17437 Gary Richardson
Patrick Van Horn

When the Music Stopped: Transatlantic Contagion During the Financial Crisis of 1931
w17437 Gary Richardson
Patrick Van Horn

When the Music Stopped: Transatlantic Contagion During the Financial Crisis of 1931
w17312 Michael D. Bordo
Angela Redish
Hugh Rockoff

Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or ...)?
w17266 Raghuram G. Rajan
Rodney Ramcharan

Constituencies and Legislation: The Fight over the McFadden Act of 1927
w17276 Farley Grubb
The Continental Dollar: Initial Design, Ideal Performance, and the Credibility of Congressional Commitment
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
w16763 Michael D. Bordo
David C. Wheelock

The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933
w16688 Charles W. Calomiris
Joseph Mason
David Wheelock

Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach
w16689 Howard Bodenhorn
Partnership fragility and credit costs
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
w16550 Wolfgang Keller
Ben Li
Carol H. Shiue

China's Foreign Trade: Perspectives From the Past 150 Years
w16551 Dongwoo Yoo
Richard H. Steckel

Property Rights and Financial Development: The Legacy of Japanese Colonial Institutions
w16558 Randall Morck
Shareholder Democracy in Canada
w16490 Randall Morck
Bernard Yeung

Agency Problems and the Fate of Capitalism
w16460 Mark Carlson
Kris James Mitchener
Gary Richardson

Arresting Banking Panics: Fed Liquidity Provision and the Forgotten Panic of 1929
w16462 Panicos O. Demetriades
Peter L. Rousseau

Government, Openness and Finance: Past and Present
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
w16242 Kenneth A. Snowden
Covered Farm Mortgage Bonds in the Late Nineteenth Century U.S.
w16242 Kenneth A. Snowden
Covered Farm Mortgage Bonds in the Late Nineteenth Century U.S.
w16245 Charles Courtemanche
Kenneth A. Snowden

Repairing a Mortgage Crisis: HOLC Lending and its Impact on Local Housing Markets
w16202 Barry Eichengreen
Peter Temin

Fetters of Gold and Paper
w16204 Peter F. Basile
John Landon-Lane
Hugh Rockoff

Money and Interest Rates in the United States during the Great Depression
w16216 Aldo Musacchio
Law and Finance c. 1900
w16092 Zheng Xueyi
Yaguang Zhang
John Whalley

Monetary Theory from a Chinese Historical Perspective
w16034 Sebnem Kalemli-Ozcan
Alex Nikolsko-Rzhevskyy

Does Trade Cause Capital to Flow? Evidence from Historical Rainfalls
w15884 Randall Morck
Fan Yang

The Shanxi Banks
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
w15710 Kris James Mitchener
David C. Wheelock

Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets
w15670 Kris James Mitchener
Marc D. Weidenmier

Searching for Irving Fisher
w15679 Kris James Mitchener
Se Yan

Globalization, Trade & Wages: What Does History tell us about China?
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
w15401 Kris James Mitchener
Marc D. Weidenmier

Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard
w15403 Charles Calomiris
Banking Crises and the Rules of the Game
w15209 Lee J. Alston
Andrés A. Gallo

Electoral Fraud, the Rise of Peron and Demise of Checks and Balances in Argentina
w15190 Sebastian Edwards
FORTY YEARS OF LATIN AMERICA'S ECONOMIC DEVELOPMENT: From the Alliance for Progress to the Washington Consensus
w15195 Kris James Mitchener
Masato Shizume
Marc D. Weidenmier

Why did Countries Adopt the Gold Standard? Lessons from Japan
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
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
w14656 Carmen M. Reinhart
Kenneth S. Rogoff

The Aftermath of Financial Crises
w14657 Michael D. Bordo
Ronald MacDonald
Michael J. Oliver

Sterling in crisis: 1964-1967
2008
w14555 Hugh Rockoff
Great Fortunes of the Gilded Age
w14560 Robert J. Gordon
Did Economics Cause World War II?
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?
w14019 Michael D. Bordo
Michael J. Dueker
David C. Wheelock

Inflation, Monetary Policy and Stock Market Conditions
w14034 Sebastian Edwards
Globalization, Growth and Crises: The View from Latin America
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
w13813 Leah Platt Boustan
Competition in the Promised Land: Black Migration and Racial Wage Convergence in the North, 1940-1970
w13815 Michael D. Bordo
Harold James

A Long Term Perspective on the Euro
w13770 Farley Grubb
The Continental Dollar: What Happened to It after 1779?
w13770 Farley Grubb
The Continental Dollar: What Happened to It after 1779?
w13761 Carmen M. Reinhart
Kenneth S. Rogoff

Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison
w13765 Kris James Mitchener
Marc Weidenmier

Trade and Empire
w13765 Kris James Mitchener
Marc Weidenmier

Trade and Empire
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
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?
w13294 Petra Moser
Why Don't Inventors Patent?
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?
w13047 Farley Grubb
The Continental Dollar: How Much Was Really Issued?
w13019 Sebastian Edwards
Crises and Growth: A Latin American Perspective
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
w12993 Michael D. Bordo
Growing Up to Financial Stability
w12933 Eugene N. White
The Crash of 1882, Counterparty Risk, and the Bailout of the Paris Bourse
w12938 Mark Carlson
Kris James Mitchener

Branch Banking as a Device for Discipline: Competition and Bank Survivorship During the Great Depression
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
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
w12719 Gary Richardson
A Comment Concerning Deposit Insurance and Moral Hazard
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
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
w11472 Kris James Mitchener
Marc D. Weidenmier

Supersanctions and Sovereign Debt Repayment
w11478 Michael Greenstone
Paul Oyer
Annette Vissing-Jorgensen

Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments
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
w10960 Marc Weidenmier
Gunboats, Reputation, and Sovereign Repayment: Lessons from the Southern Confederacy
w10961 Ted Juhl
William Miles
Marc D. Weidenmier

Covered Interest Arbitrage: Then vs. Now
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
w10641 Peter Hogfeldt
The History and Politics of Corporate Ownership in Sweden
w10654 Howard Bodenhorn
Free Banking and Bank Entry in Nineteenth-Century New York
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
w7900 Michael D. Bordo
Antu P. Murshid

Are Financial Crises Becoming Increasingly More Contagious? What is the Historical Evidence on Contagion?
w7919 Charles W. Calomiris
Joseph R. Mason

Causes of U.S. Bank Distress During the Depression
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?
w7186 Michael Bordo
Michael Edelstein

Was Adherence to the Gold Standard a "Good Housekeeping Seal of Approval" During the Interwar Period?
w7187 Eugene N. White
California Banking in the Nineteenth Century: The Art and Method of the Bank of A. Levy
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
h0097 Arthur Grinath
III
John Joseph Wallis
Richard Sylla

Debt, Default, and Revenue Structure: The American State Debt Crisis in the Early 1840s
w5960 Maurice Obstfeld
Alan M. Taylor

The Great Depression as a Watershed: International Capital Mobility over the Long Run
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
h0067 Michael D. Bordo
Angela Redish

A Comparison of the Stability and Efficiency of the Canadian and American Banking Systems 1870-1925
w5742 Alan M. Taylor
International Capital Mobility in History: Purchasing-Power Parity in the Long Run
w5743 Alan M. Taylor
International Capital Mobility in History: The Saving-Investment Relationship
h0079 Charles W. Calomiris
Carlos D. Ramirez

Financing the American Corporation: The Changing Menu of Financial Rela-tionships
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
w4400 Gary Gorton
Reputation Formation in Early Bank Debt Markets
w4408 Charles W. Calomiris
Corporate-Finance Benefits from Universal Banking: Germany and the United States, 1870-1914
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
w4054 J. Bradford De Long
Marco Becht

"Excess Volatility" and the German Stock Market, 1876-1990
h0035 Robert L. Greenfield
Gresham's Law Regained

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