Details about Charles W. Calomiris

Access statistics for papers by Charles W. Calomiris.

Last updated 2012-05-05. Update your information in the RePEc Author Service.

Short-id: pca421

---

Jump to Journal Articles Books Chapters

Working Papers

2012

1. Crisis-Related Shifts in the Market Valuation of Banking Activities
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Does Macro-Pru Leak? Evidence from a UK Policy Experiment
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
   Also in Bank of England working papers, Bank of England (2012)
3. The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares
   NBER Working Papers, National Bureau of Economic Research, Inc

2011

4. Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in Working Papers, Federal Reserve Bank of St. Louis (2011) View citations (1)
5. Policy Briefings: Are Delays to the Foreclosure Process a Good Thing?
   Working paper, Regulation2point0

2010

6. Crisis “Shock Factors” and the Cross-Section of Global Equity Returns
   NBER Working Papers, National Bureau of Economic Research, Inc

2009

7. Banking Crises and the Rules of the Game
   Working Papers, Czech National Bank, Research Department View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (2)
8. The (Mythical?) Housing Wealth Effect
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2008

9. Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article in The Journal of Economic History (2009)
10. Profiting from Government Stakes in a Command Economy: Evidence from Chinese Asset Sales
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Financial Economics (2010)
11. The Foreclosure-House Price Nexus: Lessons from the 2007-2008 Housing Turmoil
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2007

12. Activity-Based Valuation of Bank Holding Companies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
13. Bank Failures in Theory and History: The Great Depression and Other "Contagious" Events
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2006

14. Devaluation with Contract Redenomination in Argentina
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Annals of Finance (2007)
15. Relationship Banking and the Pricing of Financial Services
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Journal of Financial Services Research (2009)

2005

16. Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts
    NBER Working Papers, National Bureau of Economic Research, Inc
17. Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
18. Resolving the puzzle of the underissuance of national bank notes
    Working Papers, Federal Reserve Bank of Philadelphia
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (1)
    See also Journal Article in Explorations in Economic History (2008)
19. Venture Capital as Human Resource Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in FEUNL Working Paper Series, Universidade Nova de Lisboa, Faculdade de Economia (2005) View citations (2)
    See also Journal Article in Journal of Economics and Business (2008)

2004

20. A taxonomy of financial crisis resolution mechanisms: cross-country experience
    Policy Research Working Paper Series, The World Bank View citations (4)

2003

21. Credit card securitization and regulatory arbitrage
    Working Papers, Federal Reserve Bank of Philadelphia View citations (6)
    See also Journal Article in Journal of Financial Services Research (2004)
22. How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930's and Japan in the 1990's
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2000

23. Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
24. Causes of U.S. Bank Distress During the Depression
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Journal Article in Proceedings (2001)

1998

25. International Adjustment Under the Classical Gold Standard: Evidence for the U.S. and Britain, 1879-1914
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

1997

26. Was the Great Depression a Watershed for American Monetary Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Chapter (1998)

1996

27. Financing the American Corporation: The Changing Menu of Financial Rela-tionships
    NBER Historical Working Papers, National Bureau of Economic Research, Inc View citations (3)
28. The Efficiency of Self-Regulated Payments Systems: Learning From the Suffolk System
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Journal Article in Journal of Money, Credit and Banking (1996)

1995

29. Government credit policy and industrial performance: Japanese machine tool producers, 1963-91
    Policy Research Working Paper Series, The World Bank
30. Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936-1937
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
31. Universal banking and the financing of industrial development
    Policy Research Working Paper Series, The World Bank View citations (1)

1994

32. Commercial Paper, Corporate Finance and the Business Cycle: A Microeconomic Perspective
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (19)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1995)
33. Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in American Economic Review (1997)
34. Historical Macroeconomics and American Macroeconomic History
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
35. Leverage as a State Variable for Employment, Inventory Accumulation, andFixed Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1994) View citations (11)

1993

36. Corporate-Finance Benefits from Universal Banking: Germany and the United States, 1870-1914
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
37. Is the Discount Window Necessary? A Penn-Central Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Review (1994)

1992

38. Greenback Resumption and Silver Risk: The Economics and Politics of Monetary Regime Change in the United States, 1862-1900
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

1991

39. Optimal contingent bank liquidation under moral hazard
    Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago View citations (3)

1990

40. Firm Heterogeneity, Internal Finance, and `Credit Rationing'
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)
    See also Journal Article in Economic Journal (1990)

1989

41. Do vulnerable economies need deposit insurance?: lessons from the U.S. agricultural boom and bust of 1920s
    Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago
42. Price Flexibility, Credit Rationing, and Economic Fluctuations: Evidence from the U.S., 1879-1914
    NBER Working Papers, National Bureau of Economic Research, Inc

1987

43. Growing in Debt: The 'Farm Crisis' and Public Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

Undated

44. The Origins of Banking Panics: Models, Facts, and Bank Regulation
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (65)
    See also Chapter (1991)

Journal Articles

2012

1. A Look Back at Merton Miller's “Financial Markets and Economic Growth”
   Journal of Applied Corporate Finance, 2012, 24, (1), 14-16
2. CARE/CEASA Roundtable on: Liquidity and Capital Management
   Journal of Applied Corporate Finance, 2012, 24, (1), 42-59
3. Getting the Right Mix of Capital and Cash Requirements in Prudential Bank Regulation
   Journal of Applied Corporate Finance, 2012, 24, (1), 33-41

2011

4. AN INCENTIVE‐ROBUST PROGRAMME FOR FINANCIAL REFORM
   Manchester School, 2011, 79, (s2), 39-72 View citations (1)
5. Comment on "Implementing a Macroprudential Framework: Blending Boldness and Realism" (by Claudio Borio)
   Capitalism and Society, 2011, 6, (1), 1-9

2010

6. Banking crises yesterday and today
   Financial History Review, 2010, 17, (01), 3-12
7. Profiting from government stakes in a command economy: Evidence from Chinese asset sales
   Journal of Financial Economics, 2010, 96, (3), 399-412 View citations (5)
   See also Working Paper (2008)
8. The political lessons of Depression-era banking reform
   Oxford Review of Economic Policy, 2010, 26, (3), 540-560 View citations (1)

2009

9. A Recipe for Ratings Reform
   The Economists' Voice, 2009, 6, (11), 1-4
10. Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market
    The Journal of Economic History, 2009, 69, (04), 986-1011
    See also Working Paper (2008)
11. Relationship Banking and the Pricing of Financial Services
    Journal of Financial Services Research, 2009, 35, (3), 189-224 View citations (1)
    See also Working Paper (2006)

2008

12. Resolving the puzzle of the underissuance of national bank notes
    Explorations in Economic History, 2008, 45, (4), 327-355
    See also Working Paper (2005)
13. Venture capital as human resource management
    Journal of Economics and Business, 2008, 60, (3), 223-255 View citations (2)
    See also Working Paper (2005)

2007

14. Devaluation with contract redenomination in Argentina
    Annals of Finance, 2007, 3, (1), 155-192 View citations (2)
    See also Working Paper (2006)

2006

15. The Regulatory Record of the Greenspan Fed
    American Economic Review, 2006, 96, (2), 170-173 View citations (2)

2004

16. Bank Capital and Portfolio Management: The 1930s "Capital Crunch" and the Scramble to Shed Risk
    The Journal of Business, 2004, 77, (3), 421-456 View citations (6)
17. Commentary on "Disclosure, volatility and transparency: an empirical investigation into the value of bank disclosure."
    Economic Policy Review, 2004, (Sep), 47-48
18. Credit Card Securitization and Regulatory Arbitrage
    Journal of Financial Services Research, 2004, 26, (1), 5-27 View citations (30)
    See also Working Paper (2003)

2003

19. Consequences of Bank Distress During the Great Depression
    American Economic Review, 2003, 93, (3), 937-947 View citations (19)
20. Credit card securitization, recourse, and regulatory arbitrage
    Proceedings, 2003, (May), 471-492 View citations (1)
21. Fundamentals, Panics, and Bank Distress During the Depression
    American Economic Review, 2003, 93, (5), 1615-1647 View citations (34)

2001

22. Causes of U.S. bank distress during the depression
    Proceedings, 2001, (May), 530-554 View citations (3)
    See also Working Paper (2000)

2000

23. Comment on Bordo and Kroszner
    Journal of Financial Services Research, 2000, 18, (2), 173-177
24. Devaluation risk and the business-cycle implications of exchange-rate management A comment
    Carnegie-Rochester Conference Series on Public Policy, 2000, 53, (1), 297-302

1999

25. Building an incentive-compatible safety net
    Journal of Banking & Finance, 1999, 23, (10), 1499-1519 View citations (86)
26. Gauging the efficiency of bank consolidation during a merger wave
    Journal of Banking & Finance, 1999, 23, (2-4), 615-621 View citations (10)
27. Lessons from the Tequila Crisis for successful financial liberalization
    Journal of Banking & Finance, 1999, 23, (10), 1457-1461
28. Reforming the global financial system
    Proceedings, 1999, (May), 553-560

1998

29. General and Miscellaneous Stock Market Crashes and Speculative Manias. Edited by Eugene N. White. Cheltenham, UK: Edward Elgar Publishing Ltd., 1996. Pp. xviii, 564. $179.95
    The Journal of Economic History, 1998, 58, (02), 614-617
30. The role of ROSCAs: lumpy durables or event insurance?
    Journal of Development Economics, 1998, 56, (1), 207-216 View citations (17)
31. Universal Banking "American-Style"
    Journal of Institutional and Theoretical Economics (JITE), 1998, 154, (1), 44- View citations (4)

1997

32. Contagion and Bank Failures during the Great Depression: The June 1932 Chicago Banking Panic
    American Economic Review, 1997, 87, (5), 863-83 View citations (11)
    Also in Proceedings, 1995, (May), 110-122 (1995) View citations (1)
    See also Working Paper (1994)

1996

33. Bank capital and portfolio management: the 1930s capital crunch and scramble to shed risk
    Proceedings, 1996, (May), 515-530 View citations (5)
34. THE ROLE OF FINANCIAL RELATIONSHIPS IN THE HISTORY OF AMERICAN CORPORATE FINANCE
    Journal of Applied Corporate Finance, 1996, 9, (2), 52-73 View citations (6)
35. The Efficiency of Self-Regulated Payments Systems: Learning from the Suffolk System
    Journal of Money, Credit and Banking, 1996, 28, (4), 766-97 View citations (9)
    Also in Proceedings, 1996, 766-803 (1996) View citations (27)
    See also Working Paper (1996)

1995

36. Commercial paper, corporate finance, and the business cycle: a microeconomic perspective
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), 203-250 View citations (26)
    See also Working Paper (1994)
37. Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936-37
    The Journal of Business, 1995, 68, (4), 443-82 View citations (11)

1994

38. Consistent Output Series for the Antebellum and Postbellum Periods: Issues and Preliminary Results
    The Journal of Economic History, 1994, 54, (02), 409-422 View citations (4)
39. Housing-Finance Intervention and Private Incentives: Helping Minorities and the Poor
    Journal of Money, Credit and Banking, 1994, 26, (3), 634-74 View citations (17)
    Also in Proceedings, 1994, 634-678 (1994) View citations (22)
40. Is the discount window necessary? a Penn Central perspective
    Review, 1994, (May), 31-55 View citations (11)
    See also Working Paper (1993)
41. Loan market competition between foreign and U.S. banks: some facts about loans and borrowers
    Proceedings, 1994, (May), 331-351 View citations (5)
42. Price and Exchange Rate Determination during the Greenback Suspension
    Oxford Economic Papers, 1994, 46, (2), 344 View citations (2)
    Also in Oxford Economic Papers, 1988, 40, (4), 719-50 (1988) View citations (12)

1993

43. Corporate-finance benefits from universal banking: Germany and the United States, 1870-1917
    Proceedings, 1993, (May), 450-464 View citations (2)
44. Financial Factors in the Great Depression
    Journal of Economic Perspectives, 1993, 7, (2), 61-85 View citations (31)
45. The decline of private deposit insurance in the United States: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1993, 38, (1), 129-142

1992

46. Remarks on inside information in banking
    Proceedings, 1992, 293-303 View citations (1)

1991

47. The Panic of 1857: Origins, Transmission, and Containment
    The Journal of Economic History, 1991, 51, (04), 807-834 View citations (16)
48. The Role of Demandable Debt in Structuring Optimal Banking Arrangements
    American Economic Review, 1991, 81, (3), 497-513 View citations (270)

1990

49. Firm Heterogeneity, Internal Finance, and 'Credit Rationing.'
    Economic Journal, 1990, 100, (399), 90-104 View citations (44)
    See also Working Paper (1990)
50. Is Deposit Insurance Necessary? A Historical Perspective
    The Journal of Economic History, 1990, 50, (02), 283-295 View citations (36)

1989

51. Asset Substitution, Money Demand, and the Inflation Process in Brazil
    Journal of Money, Credit and Banking, 1989, 21, (1), 78-89 View citations (5)
52. Deposit insurance: lessons from the record
    Economic Perspectives, 1989, (May), 10-30 View citations (33)
53. Price Flexibility, Credit Availability, and Economic Fluctuations: Evidence from the United States, 1894-1909
    The Quarterly Journal of Economics, 1989, 104, (3), 429-52 View citations (4)
54. Success and failure in pre-depression bank liability insurance
    Proceedings, 1989, 198-220
55. The motivations for loan commitments backing commercial paper: A comment on `commercial paper, bank reserve requirements, and the informational role of loan commitments'
    Journal of Banking & Finance, 1989, 13, (2), 271-277 View citations (1)

1988

56. Institutional Failure, Monetary Scarcity, and the Depreciation of the Continental
    The Journal of Economic History, 1988, 48, (01), 47-68 View citations (20)
57. The Depreciation of the Continental: A Reply
    The Journal of Economic History, 1988, 48, (03), 693-698 View citations (3)

1986

58. The Farm Debt Crisis and Public Policy
    Brookings Papers on Economic Activity, 1986, 17, (2), 441-486 View citations (10)

1985

59. A Retrospective on the Classical Gold Standard: Two Views
    The Journal of Economic History, 1985, 45, (04), 963-968

Books

2006

1. U.S. Bank Deregulation in Historical Perspective
   Cambridge Books, Cambridge University Press View citations (5)
   Also in Cambridge Books, Cambridge University Press (2000) View citations (12)

Chapters

2004

1. How to Restructure Failed Banking Systems: Lessons from the United States in the 1930s and Japan in the 1990s
   A chapter in Governance, Regulation, and Privatization in the Asia-Pacific Region, NBER East Asia Seminar on Economics, Volume 12, 2004, pp 375-424

2001

2. Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992–99
   A chapter in Prudential Supervision: What Works and What Doesn't, 2001, pp 147-196 View citations (4)

2000

3. Is the Bank Merger Wave of the 1990s Efficient? Lessons from Nine Case Studies
   A chapter in Mergers and Productivity, 2000, pp 93-178 View citations (5)

1998

4. Was the Great Depression a Watershed for American Monetary Policy?
   A chapter in The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, 1998, pp 23-66 View citations (19)
   See also Working Paper (1997)

1995

5. The Costs of Rejecting Universal Banking: American Finance in the German Mirror, 1870-1914
   A chapter in Coordination and Information: Historical Perspectives on the Organization of Enterprise, 1995, pp 257-322 View citations (3)

1994

6. The Origins of Federal Deposit Insurance
   A chapter in The Regulated Economy: A Historical Approach to Political Economy, 1994, pp 145-188 View citations (23)

1991

7. The Origins of Banking Panics: Models, Facts, and Bank Regulation
   A chapter in Financial Markets and Financial Crises, 1991, pp 109-174 View citations (81)
   See also Working Paper