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).
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 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.