EUGENE NELSON WHITE

 

Home Address:                                                Business Address:

     184 Matlook Place                                     Department of Economics

     Somerset, New Jersey 08873                          Rutgers University

     Telephone: (732) 873-1815                            New Brunswick, New Jersey 08901

                                                                                    Telephone: (732) 932-7486

                                                                                    Fax: (732) 932-7416

                                                                                    E-mail: white@fas-econ.rutgers.edu

 

Born November 25, 1952, Santa Monica, California

 

         Education

 

A.B.,  1974, Harvard University, History, magna cum laude

B.A.,  1976, Oxford University, History and Economics

M.A.,  1978, University of Illinois‑Urbana, Economics

Ph.D., 1980, University of Illinois‑Urbana, Economics

      "The Regulation and Reform of the Dual Banking System, 1900‑1928"

      

           Awards, Fellowships, and Grants

 

Phi Beta Kappa (Harvard University)

University of Illinois' University Fellowship, 1977

National Defense Foreign Language Fellowship, 1978

Fulbright Lectureship in the Graduate Program in Economics at the Universidade Federal do Cear<, Fortaleza, Brazil, 1981

Rutgers University Summer Research Fellowship, 1982

Rutgers University Research Council FASP Grant, 1983

Visiting Fellow, Department of Economics, Princeton University,

     Spring 1984

National Science Foundation Grant No. 86‑06557 (1986‑7)

Hagley Museum and Library, Grant-in-Aid, 1988

Fritz Redlich Prize (Best article in economic history 1989-90)

National Science Foundation Grant (No. SBR95-11481) funded the Defining Moment pre-                conference in Cambridge MA (March 1996) and the Defining Moment Conference on                  Kiawah Island, SC (October 1996).

Irish Research Fund Grant from the Irish-American Cultural Institute (1996-7)

National Science Foundation Grant No. 34-3262-00-0-79-151, "The Microstructure of Secondary       Securities Markets: A Comparative Historical Perspective, Co-PI, (1999-2002)

European Historical Economics Association biennial prize for the best article in the European

Review of Economic History (2000-2002).

 

 

Employment History

 

Professor of Economics, Rutgers University (July 1991 to present)

Research Associate, National Bureau of Economic Research, (1990 to present)

Vice Chairman, Department of Economics (July 2003 to present)

Editor, Explorations in Economic History (July 1998 to June 2003)

Chairman, Department of Economics (July 1995 to July 1998)

Visiting Lecturer, Paris X Nanterre (March 1995)

Director of Graduate Program in Economics (July 1989 to July 1995)

John Adams Professor of American Studies (Fulbright Lectureship)

Erasmus University, Rotterdam, Spring 1993.

Associate Professor, Rutgers University (July 1986 to June 1991)

Visiting Associate Professor, Stern School of Business, New York University (Spring 1987)

Assistant Professor, Rutgers University (July 1980 to July 1986)

Teaching and Research Assistant, University of Illinois (1976-80)

 

              Books

 

The Regulation and Reform of the American Banking System, 1900‑ 1929, (Princeton University Press, 1983).

 

The Comptroller and the Transformation of Banking, 1960-1990 (Office of the Comptroller of the Currency, 1992).

 

Conflicts of Interest in the Financial Services Industry: What Should We Do About Them? With

Andrew Crockett, Trevor Harris and Frederic Mishkin (London: Center for Economic

Policy Research and the International Center for Monetary and Banking Studies, 2003).

 

   Edited Books

 

Crashes and Panics: The Lessons from History, editor, (Dow Jones/Irwin, 1990).

 

Stock Market Crashes and Speculative Manias, editor (The International Library of Macroeconomic and Financial History, Edward Elgar, Cheltenham, 1996).

 

The Defining Moment: The Great Depression and the American Economy in the Twentieth Century , editor (with M. Bordo and C. Goldin,  (Chicago University Press, 1998).

 

                       

 

 

 

Chapters in Books

 

"The Latin American Debt Crisis of the 1930s," in Ivan Berend and Knut Borchardt, eds., The Impact of the Great Depression of the 1930s and its Relevance for the Contemporary World (1986).  Translated into Hungarian as "A harmincas evek adossagvalsaga Latin‑Amerikaban‑‑tanulsagok a nyolcvanas evekre," in Ivan Berend, ed., Valsag, Recesszio, Tarsadalom, (Budapest, 1987).

 

"Commercial Banks and Securities Markets: Lessons of the 1920s and 1930s for the 1980s and 1990s," in Federal Reserve Bank of Chicago Banking System Risk: Charting a New Course 25th Annual Conference on Bank Structure and Competition. (1989)

 

"When the Ticker Ran Late: The Stock Market Boom and Crash of 1929" and "Are There Any Lessons From History?" in Eugene N. White, ed., Crashes and Panics: The Lessons from History (Dow Jones/Irwin, 1990).

 

"Experiments with Free Banking during the French Revolution," in Forrest Capie and Geoffrey E. Wood, eds., Unregulated Banking: Chaos or Order? (Macmillan, 1991).

 

"The Effects of Bank Regulation on the Financing of American Business, 1860-1960," in Vera Zamagni, ed., Finance and the Enterprise (Academic Press, 1992).

 

"La France et la remise en cause du systeme Bretton Woods, 1945-1971," (with Dominique Simard and Michael Bordo) in Du franc Poincare a l'ecu Comite pour l'histoire economique et financiere de la France (Ministeres de l'economie et du Budget, Paris, 1993).

 

"British and French Finance during the Napoleonic Wars," (with Michael Bordo) in Michael Bordo and Forrest Capie, eds., Monetary Regimes in Transition (Cambridge University Press, 1993).

 

"Experiments with free banking in France, 1789-1814," in Alain Plessis, ed., Naissance des libertJs Jconomiques (Institut d'Histoire de l'Industrie, Paris 1994).

 

"The Origins of Federal Deposit Insurance," (with Charles Calomiris) in C. Goldin and G. Liebcap, The Regulated Economy: A Historical Approach to Political Economy (University of Chicago Press, 1994).

 

"Free Banking, Denominational Restrictions, and Liability Insurance," Money and Banking: The American Experience (George Mason University Press, Fairfax, 1995).

 

"France and the Bretton Woods International Monetary System 1960 to 1968," (with M. Bordo and D. Simard) in Jaime Reis, ed.,  International Monetary Systems in Historical Perspective (St. Martins Press, New York, 1995).

 

"The New York Stock Market in the 1920s and 1930s: Did Stock Prices Move Together Too Much?"  (with Peter Rappoport), in M.D. Bordo and R. Sylla, Anglo-American Financial Systems: Institutions and Markets in the Twentieth Century (Irwin, New York, 1995).

 

"L'Efficacite de l'Affermage de l'Impot: Le Ferme Generale au XVIIIeme Siecle," in L'administration des finances sous l'Ancien Regime (Comite pour l'Histoire Economique et Financiere de la France, Paris: 1997).

 

"Deposit Insurance," in Gerard Caprio Jr., and Dimitri Vittas, Reforming Financial Systems: Historical Implications for Policy Cambridge: Cambridge University Press, 1997).

 

"The Defining Moment Hypothesis: The Editor's Introduction," (with M. Bordo and C. Goldin) in Michael Bordo, Claudia Goldin, and Eugene White, eds., The Defining Moment: The Great Depression and the American Economy in the Twentieth Century (Chicago: Chicago University Press, 1998).

 

"The Legacy of Deposit Insurance: The Growth, Spread and Cost of Insuring Financial Intermediaries," in Michael Bordo, Claudia Goldin, and Eugene White, eds., The Defining Moment: The Great Depression and the American Economy in the Twentieth Century (Chicago: Chicago University Press, 1998).

 

“Banking and Finance in the Twentieth Century,” in Stanley L. Engerman and Robert E. Gallman, eds., The Cambridge Economic History of the United States: The Twentieth Century Volume III (Cambridge: Cambridge University Press, 2000).

 

"France and the Failure to Modernize Macroeconomic Institutions," in Michael D. Bordo and Roberto Cortes Conde, The Legacy of Western European Fiscal and Monetary Institutions for the New World:  The Seventeenth to the Nineteenth Century (Cambridge: Cambridge University Press, 2001).

 

"U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy," (with Frederic S. Mishkin) in William C. Hunter George G. Kaufman, and Michael Pomerleano, eds.,  Asset Price Bubbles: The Implications for Monetary, Regulatory and International Policies (Cambridge: MIT Press, 2003).

 

“The New Deal and Commercial Bank Lending,” in Makoto Kasuya, ed., Coping with Crisis: International Financial Institutions in the Interwar Period Fuji Business History Series, (Oxford: Oxford University Press, 2003).

 

“The Paris Bourse, 1724-1814: Experiments in Microstructure,” in Finance, Intermediaries and Economic Development , eds. S. L. Engerman, P. T. Hoffman, J-L Rosenthal, K. L. Sokoloff (Cambridge: Cambridge University Press, 2003).

 

Journal Articles

 

"State‑Sponsored Insurance of Bank Deposits in the United States, 1907‑1929," Journal of Economic History, (September 1981).

 

"The Political Economy of Banking Regulation, 1864‑1933," Journal of Economic History, (March 1982). Reprinted in Robert F. Himmelbert, ed., Business and Government in America Since 1870 (Garland Publishing Inc., forthcoming).

 

"The Membership Problem of the National Banking System," Explorations in Economic History, (April 1982).

 

"Space‑Time Employment Modelling: Some Results Using Seemingly Unrelated Regression Estimators," (with Geoffrey Hewings) Journal of Regional Science, (August 1982).

 

"Use of the Principal Component Method in the Maximum Likelihood Estimation Procedure of the Logit Model," (with Hiroki Tsurumi) Economic Letters, 12 (1983).

 

"A Reinterpretation of the Banking Crisis of 1930," Journal of Economic History, (March 1984).

 

"Banking Innovation in the 1920s: The Growth of National Banks' Financial Services," Business and Economic History, 12 (1984).

 

"Voting for Costly Regulation: Evidence from Banking Referenda in Illinois, 1924," Southern Economic Journal, (April 1985).

 

"The Merger Movement in Banking, 1919‑1933," Journal of Economic History, (June 1985).

 

"Before the Glass‑Steagall Act:  An Analysis of the Investment Banking Activities of National Banks" Explorations in Economic History, (January 1986).

 

"Fueron inflacionarias las finanzas estatales en el siglo XVIII? Una nueva interpretacion de los vales reales," (Was Government Finance Inflationary in the Eighteenth Century? A New Interpretation of the Vales Reales) Revista de Historia Economica (OtoZo 1987).

 

"Was There a Solution to the Financial Crisis of the Ancien Regime?"  Journal of Economic History (September 1989).  Translated and reprinted as "Y Avait-Il Une Solution Au Dilemme Financier de l'Ancien RJgime," in Itudes et Documents Vol. IV. (MinistPre de l'Iconomie, des Finances et du Budget, ComitJ pour l'Histoire Iconomique et FinanciPre de la France, Paris, 1992).

 

"The Stock Market Boom and Crash of 1929 Revisited," Journal of Economic Perspectives (April 1990).

 

"Free Banking During the French Revolution," Explorations in Economic History (July 1990).

 

"The Evolution of Banking Theory During the French Revolution," Economies et SociJtJs, SJrie OEconomia (7,8,9, 1990).

 

"British and French Finance during the Napoleonic Wars," (with Michael D. Bordo) Journal of Economic History (June 1991).

 

"Measuring the French Revolution's Inflation: The Tableaux de depreciation," Histoire et Mesure (1991).

 

"Was There a Bubble in the 1929 Stock Market?" (with Peter Rappoport) Journal of Economic History (September 1993)

 

"Was the Crash of 1929 Expected?" (with Peter Rappoport) American Economic Review (March 1994).

 

"The French Revolution and the Politics of Government Finance, 1770-1815," Journal of Economic History (July 1995).

 

"Stock Market Bubbles? A Reply,"  Journal of Economic History (September 1995).

 

"The Past and Future of Economic History in Economics," The Quarterly Review of Economics and Finance (Special Issue 1996).

 

"L'assurance vie americaine au xxe siecle," Risques 31 (juillet-septembre 1997).

 

"Were Banks Special Intermediaries in Late Nineteenth Century America?" Federal Reserve Bank of St. Louis Review (May/June 1998).

 

"California Banking in the Nineteenth Century: The Art and Method of the Bank of A. Levy," Business History Review 75 (Summer 2001).

 

"Making the French Pay: The Costs and Consequences of the Napoleonic Reparations," European Review of Economic History  5 (December 2001).

 

“The Panics of 1854 and 1857: A View from the Emigrant Industrial Savings Bank,” Journal of Economic History 63 (March 2003).

 

“Stock Market Bubbles: When Does Intervention Work? Rational responses to irrational exuberance,” (with Frederic S. Mishkin) Milken Institute Review: A Journal of Economic Policy (Second Quarter 2003).

 

“Stock Market Bubbles: When Does Intervention Work?” (with Frederic S. Mishkin) The Milken Institute Review: A Journal of Economic Policy (Second Quarter 2003).

 

“How it all began: the rise of listing requirements on the London, Berlin, Paris, and New York exchanges,” International Journal of Accounting 38 (2003).

 

        Comments

 

Discussion of "Designing a Central Bank for Europe: a cautionary tale from the early years of the Federal Reserve System," by Barry Eichengreen in Matthew Canzoneri, et. al. eds., Establishing a Central Bank: Issues in Europe and Lessons from the U.S. (Cambridge: Cambridge University Press and Centre for Economic Policy Research, 1992).

 

Dissertation Session--Economic History Association, 1991.  Comments on McCants, Puffert, and Sussman. Journal of Economic History (June 1992).

 

Comment on "Regulation, Industrial Structure, and Instability in U.S. Banking: An Historical Perspective," by Charles Calomiris in Michael Klausner, Lawrence J. White, eds., Structural Change in Banking (Business One Irwin, Homewood, 1993).

 

Commentary on “Historical Perspectives on Financial Development and Economic Growth,” by Peter L. Rousseau in Federal Reserve Bank of St. Louis Review Vol. 85, No. 4 (July/August 2003).

    

 

Book Reviews

 

A History of Banking in Arizona by Larry Schweikart (University of Arizona Press, 1982) for the Journal of Economic History (June 1983).

 

Citibank, 1812‑1970 by Harold B. van Cleveland and Thomas F. Huertas (Harvard University Press, 1985) for the Journal of Economic History (June 1986).

 

Research in Economic History. Vol. 9. ed. by Paul Uselding (JAI Press Inc., 1984) for the Business History Review (1986).

 

The Crash and Its Aftermath: A History of Securities Markets in the United States, 1929‑1933. by Barrie A. Wigmore (Greenwood Press, 1985) for the American Historical Review (1986).

 

Financial Crises and the World Banking System. ed. by Forrest Capie and Geoffrey Wood (Macmillan, 1986) for the Economic History Review (1986).

 

Leadership at the Fed. by Donald F. Kettl. (New Haven, 1986) for the Journal of Economic History (1987).

 

Necker and the Revolution of 1789.  by Robert D. Harris. (Lanham, 1986) for Journal of Economic History (1987).

 

But Also Good Business: Texas Commerce Banks and the Financing of Houston and Texas, 1886‑1986. By Walter L. Buenger and Joseph A. Pratt. (College Station, 1986) for Journal of American History

(1987). 

 

The Seven Years War and the Old Regime in France: The Economic and Financial Toll By James C. Riley. (Princeton, 1987) for Economic History Review (1988).

 

L'Jconomie de la RJvolution franHaise By Florin Aftalion. (Pluriel, 1987), for Economic History Review (1988).

 

De imperio a naci\n: Crescimiento y atraso econ\mico en EspaZa (1780-1930) By Leandro Prados de la Escosura. (Alianza Editorial, 1988), for the Revista de Historia Economica (1989).

 

The Theory of Free Banking: Money Supply under Competitive Note Issue. George A. Selgin (Rowman & Littlefield, 1988), for the Journal of Economic Literature (1990).

 

La fortune de Sully. Isabelle Aristide (MinistPre de l'Iconomie des Finances et du Budget, 1990). for the Journal of Economic History (1992).

 

A Monetary History of France in the Twentieth Century. Jean-Pierre Patat and Michel Lutfalla (St. Martin's Press, 1990), for the Journal of Economic History (1992).

 

Hacienda y fiscalidad en Guipdzcoa durante el Antiguo RJgimen, 1700-1914. Isabel Mugartegui EguRa (Fundaci\n Cultural Caja de Guipdcoa, 1988), for the Revista de Historia Economica (1992).

 

Etat, finances et Jconomie pendant la Revolution franHaise. ComitJ pour l'histoire Jconomique et financiPre de la France (Imprimerie nationale, 1991) for the Journal of Economic History (1992).

 

Monetary Standards in the Periphery: Paper, Silver and Gold, 1854-1933 ed. by Pablo Martin Acena and Jaime Reis (Macmillan Press, 2000) for the Revista de Historia Economica (2000).

 

 

Other Publications

 

"Our Overdrawn Faith in State Deposit Insurance," Wall Street Journal (March 29, 1985).

 

"How Well Did Commercial and Investment Banking Mix Before Glass‑ Steagall," testimony for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, The History of the Glass‑Steagall Act and Its Current Relevance in the Future of the Nation's Financial Services Industry (July 30, 1987).

 

"Parallel Dilemmas‑‑the Crash of 1987 and the Crash of 1929" New York Times, Sunday Business Section (November 1, 1987).

 

"Le Deficit Budgetaire Geant de 1789," Wall Street Journal (August 29, 1989).

 

"Quels enseignements tirer de la fin du regime des changes fixes de Bretton Woods (1960-1971) Entretien avec Andre de Lattre et Eugene White) in Bretton Woods: Melanges pour un cinquantenaire ed., Thierry Walrafen, Association de l'economie financiere, Le Monde Editions, 1994.

 

An Interview with Anna J. Schwartz, The Newsletter of the Cliometric Society (July 1995).

 

An Interview with Albert Fishlow, The Newsletter of the Cliometric Society (December 1998).

 

 

 

Working Papers

 

"Was There a Bubble in the 1929 Stock Market?" (with Peter Rappoport) NBER Working Paper No. 3612.

 

"British and French Finance During the Napoleonic Wars," (with Michael Bordo) NBER Working Paper No. 3517.

 

"The New York Stock Market in the 1920s and 1930s: Did Stock Prices Move Together Too Much?" (with Peter Rappoport) NBER Working Paper No. 4627.

 

"France the Bretton Woods International Monetary System: 1960-1968," (With Michael Bordo and Dominique Simard), NBER Working Paper No. 5292.

 

"France and the Breakdown of the Bretton Woods International Monetary System (with Michael D. Bordo and Dominique Simard) (November 1994). International Monetary Fund Working Paper (WP/94/128).

 

"The Legacy of Deposit Insurance: The Growth, Spread and Cost of Insuring Financial Intermediaries," NBER Working Paper No. 6063.

 

"California Banking in the Nineteenth Century: The Art and Method of the Bank of A. Levy," NBER Working Paper No. 7187.

 

“Making the French Pay: The Costs and Consequences of the Napoleonic Reparations,” NBER Working Paper No. 7438 (December 1999).

 

“Who Panics During Panics: Evidence from a Nineteenth Century Savings Bank,” with Cormac O’Grada, NBER Working Paper No. 8856 (April 2002).

 

“U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy,” with Frederic Mishkin, NBER Working Paper No. 8992 (June 2002).

 

“How Could Everyone Have Been So Wrong? Forecasting the Great Depression with the Railroads” with Adam Klug and John S. Landon-Lane, NBER Working Paper 9011 (June 2002).

 

 

Current Projects: Papers and Monographs

 

“The Highest Price Ever: The Great NYSE Seat Sale, 1928-1929”

 

A Comparative History of the New York, London and Paris Stock Exchanges (with Lance Davis and Larry Neal)

 

“France’s Slow Transition from Privatized to Government-Administered Tax Collection:

Tax Farming in the Eighteenth Century”

 

“How Could Everyone Have Been So Wrong? Forecasting the Great Depression with the Railroads”

 

Historical Statistics of the United States (Financial Institutions)

 

“Savings Behavior of Bank Depositors in the Nineteenth Century” (with Cormac O’Grada)

 

 

Papers Presented at Conferences

 

"State Deposit Insurance" at the NSF's Conference on the Application of Economic Theory and Econometrics to History, University of Chicago, May 1980.

 

"The Federal Reserve's Membership Problem Before the Great Depression," Western Economic Association, San Francisco, July 1981.

 

"As novas teorias macroeconomicas," Universidade Federal de Pernambuco, Recife, Brazil, August 1981.

 

"The Regulation of Banking, 1864‑1930," Economic History Association, St. Louis, September 1981.

 

"A Reinterpretation of the Banking Crisis of 1930," Cliometrics Conference, University of Iowa, May 1983.

 

"A Reinterpretation of the Banking Crisis of 1930," American Historical Association, San Francisco, December 1983.

 

Banking Innovation in the 1920s: The Growth of Financial Service Conglomerates," Business History Conference, Hartford, March 1984.

 

"The Merger Movement in Banking, 1925‑1931," Economic History Association, Chicago, September 1984.

 

"Financing the French Revolution:  A New Look at the Assignat Inflation," First World Cliometrics Conference, Chicago, May 1985.

 

"Financing the French Revolution:  A New Look at the Assignat Inflation," Western Economic Association, Los Angeles, July 1985.

 

"The Finances of the French Revolution," Eighteenth Century Society, Williamsburg, March 1986.

 

"The Finances of the French Revolution,"  Social Science History Association, St. Louis, October 1986.

 

"Financiaci\n Inflacionaria en el siglo XVIII," Centro Ortega y Gasset, Madrid, November 1986.

 

"How to Use a Fragmentary Data Set: A Cliometrician's Approach," New Jersey Economists Association, New Brunswick, March 1987.

 

"Deficits and the Collapse of the Ancien Regime," Monetary History Group, University of London, May 1988.

 

"Was There a Solution to the Financial Dilemma of the Ancien Regime?" Economic History Association, Detroit, September 1988.

 

"When the Ticker Ran Late: The Stock Market Boom and Crash of 1929", Conference, Salomon Brothers Center, New York University, October 1988.

 

"Free Banking During the French Revolution," American Economics Association, New York, December 1988.

 

"The Great Crash of 1929 and the Great Correction of 1987: Reconsidered" (Round table discussion) American Economics Association, New York, December 1988.

 

"The Regulation of Banking in France," City University Business School, London, Conference on Free Banking, May 1989.

 

"The Crash of 1929 Revisited," NBER Macroeconomic History Workshop, Cambridge, June 1989.

 

"American Banking and the Stock Market,"  Symposium on Financial and Monetary History, Siena, Italy, June 1989.

 

"American Banking and Industrial Finance," ASSI Conference in Terni, Italy, September 1989.

 

"The Theory of Banking during the French Revolution," Conference: La PensJe Economique pendant la Revolution franHaise," Vizille, France, September 1989.

 

"Free Banking during the French Revolution," Social Science History Association, Washington, D.C., November 1989.

 

"Origins of the Assignats," Society for French Historical Studies, Columbus, March 1990.

 

"Free Banking, Denominational Restrictions, and Liability Insurance," Durrell Foundation, Washington, D.C., May 1990.

 

"La economRa financiera en Francia y Europa despuJs de la Revoluci\n," Instituto Universitario Ortega y Gasset, Madrid, July 1990.

 

"Was There a Bubble in the 1929 Stock Market?" National Bureau of Economic Research, Summer Institute, July 1990.

 

"A Tale of Two Currencies: British and French Finance during the Napoleonic Wars," Economic History Association, Montreal, September 1990.

 

"A Tale of Two Currencies: British and French Finance during the Napoleonic Wars," American Economic Association, Washington, D.C., December 1990.

 

"French Reparations after the Napoleonic Wars," NBER Summer Institute, Cambridge, July 1991.

 

"The Madness of Crowds: Individual Stock Prices in the 1920s" NBER Summer Institute, Cambridge, July 1991.

 

"Les expJriences de la libre entreprise dans le domaine bancaire en France, 1789-1814," Colloque: LibertJ du Travail et LibertJ d'Entreprendre: La Lois Le Chapelier et Le DJcret d'Allarde, Leurs ConsJquences, 1791-Fin XIXe siPcle, Institut d'Histoire de l'Industrie, Paris, November 1991.

 

"British and French Finance during the Napoleonic Wars" Stanford Institute for Theoretical Economics, Conference on Credible Commitment and Institutions in Economics, Politics and History, March 1992.

 

"The Distributional Dynamics of the French Revolution," Colloquium in Financial History, Posthumus Institute, Utrecht, April 1993.

 

"The New York Stock Market in the 1920s and 1930s." Colloquium of the European Association for Banking History, Zurich, May 1993.

 

"Was the Crash of 1929 Expected?" AFFI, French Finance Association, La Baule, France, June 1993.

 

"The Paris Bourse Before 1815," All-California Economic History Conference, UCLA, Los Angeles, November 1993

 

"The Paris Bourse Before 1815," Social Science History Conference, Baltimore, November 1993."

 

The New York Stock Market in the 1920s and 1930s: Did Stock Prices Move Together Too Much?" Conference on Anglo-American Finance, Salomon Brothers Center, Stern School of Business NYU, December 1993.

 

The Origins of Federal Deposit Insurance," Federal Reserve Bank of St. Louis, February 1994.

 

"The Origins of Federal Deposit Insurance," Conference on Political Economy, Washington University, St. Louis, February 1994

 

"The Paris Bourse before 1815" Conference on the History of the Bourse, SociJtJs des BoursiPres FranHaises, Paris, March 1994.

 

"Deposit Insurance," Seminar on Financial History," World Bank, Washington, D.C., May 1994

 

"Des atouts surJvaluJs: France et le systPme Bretton Woods," Colloque: Bretton Woods, MinistPre de la Finance, Paris, June 1994.

 

"Banking and Finance in the Twentieth Century," NBER Summer Institute, Cambridge, MA, June 1994.

 

"The Distributional Dynamics of the French Revolution," Economic History Association, Cincinnati, October 1994.

 

"The Past and Future of Economic History in Economics," University of Illinois, Economics Department Centennial, September 1995.

 

"La efficacitJ de l'affermage de l'imp^t: la ferme gJnJrale au XVIIIe siPcle," Colloque L'Administration des Finances sous l'Ancien RJgime, Centre de ConfJrences du ministPre de l'Economie et des Finances, Paris, February 1996.

 

"Reshaping the Financial Sector," NBER Pre-Conference for the Defining Moment, Cambridge MA, March 1996.

 

"Comments on American and Canadian Central Banking," Conference on the Emergence of Central Banking," 150th Anniversary of the Banco de Portugal, Evora, Portugal, May 1996.

 

"The Legacy of Deposit Insurance" the NSF-NBER Defining Moment Conference, Kiawah Island, South Carolina, October 1996.

 

"California Banking in the Nineteenth Century: The Art and Method of the Bank of A. Levy" Pre-Conference for the 12th International Congress of Economic History Pre-Conference, Madrid, Spain, January 1997.

 

"France's Macroeconomic Legacy to the New World," Pre-Conference for the 12th International Congress of Economic History, Buenos Aires, Argentina, April 1997.

 

"Making the French Pay: The Costs and Consequences of the Napoleonic Reparations" All UC-Economic History Conference, April 1997.

 

"A Macroeconomic Study of Bank Lending in Late Nineteenth Century America:  Were Banks Special?"  22nd Annual Economic Policy Conference, Federal Reserve Bank of St. Louis, St. Louis, October 1997.

 

"California Banking in the Nineteenth Century: The Art and Method of the Bank of A. Levy" Business History Conference, National Archives, College Park, Maryland.  March 1998.

 

"France's Macroeconomic Legacy to the New World," and "California Banking in the Nineteenth Century: The Art and Method of the Bank of A. Levy" XIIth World Congress of Economic History, Madrid, Spain, August 1998.

 

"Who Panics During Panics? Evidence from a Nineteenth Century Savings Bank" NBER Summer Institute, Cambridge MA, (July 1999).

 

"Making the French Pay: The Costs and Consequences of the Napoleonic Reparations," European Historical Economics Society, Lisbon, Portugal (October 1999).

 

"Making the French Pay: The Costs and Consequences of the Napoleonic Reparations,"  World Cliometrics Conference, Montreal, Canada (July 2000).

 

“The New Deal and Commercial Banking Lending,” Fuji Conference of Business History, Fuji Conference Center, Japan (September 2000).

 

"The Long-Term Evolution of the NYSE's Microstructure: Evidence from the Pricing of Seats on the Exchange," NBER Summer Institute, Cambridge, MA (July 2001).

 

"The Long-Term Evolution of the NYSE's Microstructure: Evidence from the Pricing of Seats on the Exchange," Economic History Association Meetings, Philadelphia (October 2001).

 

"The Long-Term Evolution of the NYSE's Microstructure: Evidence from the Pricing of Seats on the Exchange," ASSA-AEA meetings, Atlanta (January 2002).

 

"How It All Began, "The Rise of Listing Requirements on the London, Paris, New York, and Berlin Exchanges in the Nineteenth Century," Illinois International Accounting Symposium, Urbana, IL (March 2002).

 

"U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy," Federal Reserve Bank of Chicago and World Bank Conference on Asset Bubbles, Chicago (April 2002).

 

“Comment on Historical Perspectives on Financial Development and Economic Growth,” Federal Reserve Bank of St. Louis Annual Economic Policy Conference (November 2002).

 

“Conflicts of Interest in the Financial Services Industry: What Should We Do About Them?” International Center for Monetary and Banking Studies (Geneva, May 2003).

 

“The Highest Price Ever: The Great Seat NYSE Seat Sale of 1928-1929,” NBER Summer Institute (July 2003).

 

      Professional Activities

 

Editor, Explorations in Economic History (beginning July 1, 1998 – June 30, 2003)

 

Editorial Board, Journal of Economic History (1989-1993) , Explorations in Economic History, Revista de Historia Economica

 

Co-organizer with Gabriela Mora and Simon Evenet, "Trade Financial Contagion and Economic Development in Latin America."  Latin American Studies Program, Rutgers University.  November 13, 1998.

 

Co-organizer with Michael Bordo and Claudia Goldin of "The Defining Moment: The Great Depression and the American Economy in the Twentieth Century," NBER Conference, Preconference in Cambridge March 1996, Final Conference in Kiawah Island SC October 1996.

 

Scientific Director, History of the Paris Bourse Project, Association d'Economie Financiere, 1992-1995.

 

Co-organizer with Michael Bordo of "Financial Institutions and Macroeconomic Instability in Historical Perspective," NBER Conference, Cambridge, Massachusetts, December 11 and 12, 1992.

 

Co-organizer with William Sundstrom, Cliometrics-ASSA sessions at the AEA-ASSA Conference in Anaheim, California, January 1992.

 

Co-organizer with Arnold Sametz of "Crashes and Panics in Historical Perspective," at the Solomon Brothers Center, New York University Business School, October 19, 1988.

 

Trustee, Cliometrics Society 1993-1996.

 

American Council of Learned Societies, Representative of the Economic History Association (1991-1996).

 

Referee for National Science Foundation, Social Sciences and Humanities Research Council of Canada, American Economic Review, Quarterly Journal of Economics, Journal of Economic History, Explorations in Economic History, Journal of Money, Credit and Banking, Southern Economic Journal, Journal of Political Economy, Journal of Macroeconomics, Journal of Banking and Finance, Journal of Policy History, Business History Review, Economic Inquiry, Economic History Review, Journal of Law and Economics, European Review of Economic History, Salomon Brothers Center Monograph Series in Finance and Economics, Oxford University Press, Harvard Business School Press, Cambridge University Press, University of Chicago Press, Macmillan, Greenwood Press, Dryden Press, Kluwer Academic Publishers, University of Alabama Press.

 

New Jersey Banking Law Revision Commission, ex‑officio member, 1981‑1984.

 

Chair of the Columbia University Economic History Seminar, 1984‑ 1985 and 1988-1989.