Details about Charles W. Calomiris

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Working Papers

2024

1. The Puzzling Persistence of Financial Crises
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

2. Did Doubling Reserve Requirements Cause the 1937-38 Recession? New Evidence on the Impact of Reserve Requirements on Bank Reserve Demand and Lending
   Working Papers, Federal Reserve Bank of St. Louis View citations (1)
3. Florida (Un)Chained
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2022

4. Fed Implied Market Prices and Risk Premia
   NBER Working Papers, National Bureau of Economic Research, Inc
5. Restoring Confidence in Troubled Financial Institutions After a Financial Crisis
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2022)

2021

6. Predicting the Oil Market
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2020

7. Measuring the Cost of Regulation: A Text-Based Approach
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
8. Mining for Oil Forecasts
   Research Working Paper, Federal Reserve Bank of Kansas City
9. Search for Yield in Large International Corporate Bonds: Investor Behavior and Firm Responses
   Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (16)

2019

10. Capital Inflows, Equity Issuance Activity, and Corporate Investment
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (2)
11. Interbank Connections, Contagion and Bank Distress in the Great Depression
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2019) View citations (7)
12. Monetary Policy and Exchange Rate Returns: Time-Varying Risk Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
13. Underwriter Reputation, Issuer-Underwriter Matching, and SEO Performance
    NBER Working Papers, National Bureau of Economic Research, Inc

2018

14. Bank Examiners’ Information and Expertise and Their Role in Monitoring and Disciplining Banks Before and During the Panic of 1893
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
15. How News and Its Context Drive Risk and Returns Around the World
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
16. Mortgage Market Credit Conditions and U.S. Presidential Elections
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
17. The Spread of Deposit Insurance and the Global Rise in Bank Asset Risk since the 1970s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
18. Who Owned Citibank? Familiarity Bias and Business Network Influences on Stock Purchases, 1925-1929
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

2016

19. Deposit Insurance: Theories and Facts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
20. How Collateral Laws Shape Lending and Sectoral Activity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University (2015) View citations (18)
21. Interbank networks in the national banking era: their purpose and their role in the panic of 1893
    BIS Working Papers, Bank for International Settlements View citations (7)
22. Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System
    Working Paper, Federal Reserve Bank of Richmond View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (11)
23. Stealing Deposits: Deposit Insurance, Risk-Taking and the Removal of Market Discipline in Early 20th Century Banks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)

2014

24. Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (10)
25. How does credit supply respond to monetary policy and bank minimum capital requirements?
    Bank of England working papers, Bank of England View citations (23)
26. Identifying channels of credit substitution when bank capital requirements are varied
    Bank of England working papers, Bank of England View citations (32)
27. National Bank Examinations and Operations in the Early 1890s
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
28. The international transmission of bank capital requirements: evidence from the United Kingdom
    Bank of England working papers, Bank of England View citations (169)

2013

29. Betting on Secession: Quantifying Political Events Surrounding Slavery and the Civil War
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2012

30. Crisis-Related Shifts in the Market Valuation of Banking Activities
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Crisis-related shifts in the market valuation of banking activities, Journal of Financial Intermediation, Elsevier (2014) View citations (76) (2014)
31. Does Macro-Pru Leak? Evidence from a UK Policy Experiment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (64)
    Also in Bank of England working papers, Bank of England (2012) View citations (52)
32. The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Chapter The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s, NBER Chapters, National Bureau of Economic Research, Inc (2012) View citations (10) (2012)
    Journal Article The effects of reconstruction finance corporation assistance on Michigan's banks' survival in the 1930s, Explorations in Economic History, Elsevier (2013) View citations (8) (2013)
33. The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares, Critical Finance Review, now publishers (2013) View citations (16) (2013)

2011

34. Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2011) View citations (14)

2010

35. Crisis "Shock Factors" and the Cross-Section of Global Equity Returns
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2009

36. Banking Crises and the Rules of the Game
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
37. The (Mythical?) Housing Wealth Effect
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)

2008

38. 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 Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market, The Journal of Economic History, Cambridge University Press (2009) View citations (11) (2009)
39. Profiting from Government Stakes in a Command Economy: Evidence from Chinese Asset Sales
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Profiting from government stakes in a command economy: Evidence from Chinese asset sales, Journal of Financial Economics, Elsevier (2010) View citations (96) (2010)
40. The Foreclosure-House Price Nexus: Lessons from the 2007-2008 Housing Turmoil
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)

2007

41. Activity-Based Valuation of Bank Holding Companies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
42. Bank Failures in Theory and History: The Great Depression and Other "Contagious" Events
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)

2006

43. Devaluation with Contract Redenomination in Argentina
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Devaluation with contract redenomination in Argentina, Annals of Finance, Springer (2007) View citations (4) (2007)
44. Relationship Banking and the Pricing of Financial Services
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Relationship Banking and the Pricing of Financial Services, Journal of Financial Services Research, Springer (2009) View citations (30) (2009)

2005

45. 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 View citations (1)
46. Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
47. 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 (2)
    See also Journal Article Resolving the puzzle of the underissuance of national bank notes, Explorations in Economic History, Elsevier (2008) View citations (10) (2008)
48. Venture Capital as Human Resource Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Nova SBE Working Paper Series, Universidade Nova de Lisboa, Nova School of Business and Economics (2005) View citations (3)
    See also Journal Article Venture capital as human resource management, Journal of Economics and Business, Elsevier (2008) View citations (4) (2008)

2004

49. A taxonomy of financial crisis resolution mechanisms: cross-country experience
    Policy Research Working Paper Series, The World Bank View citations (18)

2003

50. Credit card securitization and regulatory arbitrage
    Working Papers, Federal Reserve Bank of Philadelphia View citations (7)
    See also Journal Article Credit Card Securitization and Regulatory Arbitrage, Journal of Financial Services Research, Springer (2004) View citations (111) (2004)
51. Credit card securitization, recourse, and regulatory arbitrage
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
52. 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 (8)

2001

53. Causes of U.S. bank distress during the depression
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (47)

2000

54. 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 (43)

1999

55. Reforming the global financial system
    Proceedings, Federal Reserve Bank of Chicago

1998

56. Bank Capital and Portfolio Management: The 1930's Capital Crunch and Scramble to Shed Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in Proceedings, Federal Reserve Bank of Chicago (1996) View citations (6)
    See also Journal Article Bank Capital and Portfolio Management: The 1930s "Capital Crunch" and the Scramble to Shed Risk, The Journal of Business, University of Chicago Press (2004) View citations (143) (2004)

1997

57. Was the Great Depression a Watershed for American Monetary Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Chapter Was the Great Depression a Watershed for American Monetary Policy?, NBER Chapters, National Bureau of Economic Research, Inc (1998) View citations (39) (1998)

1996

58. Financing the American Corporation: The Changing Menu of Financial Rela-tionships
    NBER Historical Working Papers, National Bureau of Economic Research, Inc View citations (6)
59. The Efficiency of Self-Regulated Payments Systems: Learning From the Suffolk System
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (65)
    See also Journal Article The Efficiency of Self-Regulated Payments Systems: Learning from the Suffolk System, Journal of Money, Credit and Banking, Blackwell Publishing (1996) View citations (58) (1996)

1995

60. Contagion and bank failures during the Great Depression: the June 1932 Chicago banking panic
    Proceedings, Federal Reserve Bank of Chicago
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (10)
    See also Journal Article Contagion and Bank Failures during the Great Depression: The June 1932 Chicago Banking Panic, American Economic Review, American Economic Association (1997) View citations (184) (1997)

1994

61. 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 View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (17)
    See also Journal Article Commercial paper, corporate finance, and the business cycle: a microeconomic perspective, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1995) View citations (130) (1995)
62. Historical Macroeconomics and American Macroeconomic History
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
63. Leverage as a State Variable for Employment, Inventory Accumulation, andFixed Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1994) View citations (21)
64. Loan market competition between foreign and U.S. banks: some facts about loans and borrowers
    Proceedings, Federal Reserve Bank of Chicago View citations (9)

1993

65. Corporate-Finance Benefits from Universal Banking: Germany and the United States, 1870-1914
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
66. Corporate-finance benefits from universal banking: Germany and the United States, 1870-1917
    Proceedings, Federal Reserve Bank of Chicago View citations (4)
67. Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936-1937
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
68. Is the Discount Window Necessary? A Penn-Central Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Is the discount window necessary? a Penn Central perspective, Review, Federal Reserve Bank of St. Louis (1994) View citations (26) (1994)

1992

69. 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 (12)
70. Remarks on inside information in banking
    Proceedings, Federal Reserve Bank of Chicago View citations (1)

1991

71. Optimal contingent bank liquidation under moral hazard
    Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago View citations (4)

1989

72. 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 View citations (1)
73. Success and failure in pre-depression bank liability insurance
    Proceedings, Federal Reserve Bank of Chicago

1988

74. Firm Heterogeneity, Internal Finance, and `Credit Rationing'
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
    See also Journal Article Firm Heterogeneity, Internal Finance, and 'Credit Rationing.', Economic Journal, Royal Economic Society (1990) View citations (101) (1990)

1987

75. 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 (3)

1986

76. Growing in Debt: The 'Farm Crisis' and Public Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)

1985

77. Price Flexibility, Credit Rationing, and Economic Fluctuations: Evidence from the U.S., 1879-1914
    NBER Working Papers, National Bureau of Economic Research, Inc

Undated

78. 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 (62)
    See also Chapter The Origins of Banking Panics: Models, Facts, and Bank Regulation, NBER Chapters, National Bureau of Economic Research, Inc (1991) View citations (299) (1991)

Journal Articles

2023

1. Fiscal Dominance and the Return of Zero-Interest Bank Reserve Requirements
   Review, 2023, 105, (4), 223-233

2015

2. Bank Capital Regulation: Theory, Empirics, and Policy
   IMF Economic Review, 2015, 63, (4), 955-983 View citations (34)
3. How to Strengthen the Regulation of Bank Capital: Theory, Evidence, and A Proposal
   Journal of Applied Corporate Finance, 2015, 27, (1), 27-36

2014

4. Crisis-related shifts in the market valuation of banking activities
   Journal of Financial Intermediation, 2014, 23, (3), 400-435 View citations (76)
   See also Working Paper Crisis-Related Shifts in the Market Valuation of Banking Activities, NBER Working Papers (2012) View citations (3) (2012)
5. Does Macro‐Prudential Regulation Leak? Evidence from a UK Policy Experiment
   Journal of Money, Credit and Banking, 2014, 46, (s1), 181-214 View citations (252)
6. The international transmission of bank capital requirements: Evidence from the UK
   Journal of Financial Economics, 2014, 113, (3), 368-382 View citations (162)

2013

7. How to Design a Contingent Convertible Debt Requirement That Helps Solve Our Too-Big-to-Fail Problem
   Journal of Applied Corporate Finance, 2013, 25, (2), 39-62 View citations (95)
8. Managing the risks of the new macro-prudential policy regime
   Borsa Istanbul Review, 2013, 13, (4), 65-66 View citations (2)
9. Reforming Banks Without Destroying Their Productivity and Value
   Journal of Applied Corporate Finance, 2013, 25, (4), 14-20 View citations (9)
10. The Foreclosure–House Price Nexus: A Panel VAR Model for U.S. States, 1981–2009
    Real Estate Economics, 2013, 41, (4), 709-746 View citations (10)
11. The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares
    Critical Finance Review, 2013, 2, (1), 049-099 View citations (16)
    See also Working Paper The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares, NBER Working Papers (2012) View citations (13) (2012)
12. The effects of reconstruction finance corporation assistance on Michigan's banks' survival in the 1930s
    Explorations in Economic History, 2013, 50, (4), 526-547 View citations (8)
    See also Working Paper The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s, NBER Working Papers (2012) View citations (3) (2012)
    Chapter The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s, NBER Chapters, 2012 (2012) View citations (10) (2012)

2012

13. A Look Back at Merton Miller's “Financial Markets and Economic Growth”
    Journal of Applied Corporate Finance, 2012, 24, (1), 14-16
14. CARE/CEASA Roundtable on: Liquidity and Capital Management
    Journal of Applied Corporate Finance, 2012, 24, (1), 42-59
15. Getting the Right Mix of Capital and Cash Requirements in Prudential Bank Regulation
    Journal of Applied Corporate Finance, 2012, 24, (1), 33-41 View citations (9)
16. Seven Ways to Deal with a Financial Crisis: Cross-Country Experience and Policy Implications
    Journal of Applied Corporate Finance, 2012, 24, (4), 8-22 View citations (2)
17. Sortir de la spirale de la dette de la zone euro
    Revue française d'économie, 2012, Volume XXVII, (3), 105-125
18. Stock returns’ sensitivities to crisis shocks: Evidence from developed and emerging markets
    Journal of International Money and Finance, 2012, 31, (4), 743-765 View citations (28)

2011

19. AN INCENTIVE‐ROBUST PROGRAMME FOR FINANCIAL REFORM
    Manchester School, 2011, 79, (s2), 39-72 View citations (10)
20. Comment on "Implementing a Macroprudential Framework: Blending Boldness and Realism" (by Claudio Borio)
    Capitalism and Society, 2011, 6, (1), 9
21. Incentive-Robust Financial Reform
    Cato Journal, 2011, 31, (3), 561-589 View citations (11)

2010

22. Banking crises yesterday and today1
    Financial History Review, 2010, 17, (1), 3-12 View citations (13)
23. Profiting from government stakes in a command economy: Evidence from Chinese asset sales
    Journal of Financial Economics, 2010, 96, (3), 399-412 View citations (96)
    See also Working Paper Profiting from Government Stakes in a Command Economy: Evidence from Chinese Asset Sales, NBER Working Papers (2008) View citations (2) (2008)
24. Reassessing the Fed's Regulatory Role
    Cato Journal, 2010, 30, (2), 311-322 View citations (2)
25. The political lessons of Depression-era banking reform
    Oxford Review of Economic Policy, 2010, 26, (3), 540-560 View citations (24)

2009

26. A Recipe for Ratings Reform
    The Economists' Voice, 2009, 6, (11), 4 View citations (13)
27. Financial Innovation, Regulation, and Reform
    Cato Journal, 2009, 29, (1), 65-91 View citations (45)
28. Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market
    The Journal of Economic History, 2009, 69, (4), 986-1011 View citations (11)
    See also Working Paper Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market, NBER Working Papers (2008) (2008)
29. Relationship Banking and the Pricing of Financial Services
    Journal of Financial Services Research, 2009, 35, (3), 189-224 View citations (30)
    See also Working Paper Relationship Banking and the Pricing of Financial Services, NBER Working Papers (2006) View citations (2) (2006)

2008

30. Resolving the puzzle of the underissuance of national bank notes
    Explorations in Economic History, 2008, 45, (4), 327-355 View citations (10)
    See also Working Paper Resolving the puzzle of the underissuance of national bank notes, Working Papers (2005) (2005)
31. The subprime turmoil: what’s old, what’s new, and what’s next
    Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 19-110 View citations (17)
32. Venture capital as human resource management
    Journal of Economics and Business, 2008, 60, (3), 223-255 View citations (4)
    See also Working Paper Venture Capital as Human Resource Management, NBER Working Papers (2005) View citations (2) (2005)

2007

33. Devaluation with contract redenomination in Argentina
    Annals of Finance, 2007, 3, (1), 155-192 View citations (4)
    See also Working Paper Devaluation with Contract Redenomination in Argentina, NBER Working Papers (2006) View citations (2) (2006)

2006

34. The Regulatory Record of the Greenspan Fed
    American Economic Review, 2006, 96, (2), 170-173 View citations (9)

2004

35. 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 (143)
    See also Working Paper Bank Capital and Portfolio Management: The 1930's Capital Crunch and Scramble to Shed Risk, NBER Working Papers (1998) View citations (18) (1998)
36. Commentary on \\"Disclosure, volatility and transparency: an empirical investigation into the value of bank disclosure.\\"
    Economic Policy Review, 2004, (Sep), 47-48
37. Credit Card Securitization and Regulatory Arbitrage
    Journal of Financial Services Research, 2004, 26, (1), 5-27 View citations (111)
    See also Working Paper Credit card securitization and regulatory arbitrage, Working Papers (2003) View citations (7) (2003)

2003

38. Consequences of Bank Distress During the Great Depression
    American Economic Review, 2003, 93, (3), 937-947 View citations (135)
39. Fundamentals, Panics, and Bank Distress During the Depression
    American Economic Review, 2003, 93, (5), 1615-1647 View citations (203)
40. Lessons from Argentina and Brazil
    Cato Journal, 2003, 23, (1), 33-45 View citations (2)

2000

41. Comment on Bordo and Kroszner
    Journal of Financial Services Research, 2000, 18, (2), 173-177
42. 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

43. Building an incentive-compatible safety net
    Journal of Banking & Finance, 1999, 23, (10), 1499-1519 View citations (225)
44. Gauging the efficiency of bank consolidation during a merger wave
    Journal of Banking & Finance, 1999, 23, (2-4), 615-621 View citations (24)
45. Lessons from the Tequila Crisis for successful financial liberalization
    Journal of Banking & Finance, 1999, 23, (10), 1457-1461 View citations (3)
46. The Impending Collapse of the European Monetary Union
    Cato Journal, 1999, 18, (3), 445-452 View citations (4)

1998

47. 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, (2), 614-617
48. The IMF's Imprudent Role As Lender of Last Resort
    Cato Journal, 1998, 17, (3), 275-294 View citations (51)
49. The role of ROSCAs: lumpy durables or event insurance?
    Journal of Development Economics, 1998, 56, (1), 207-216 View citations (56)
50. Universal Banking "American-Style"
    Journal of Institutional and Theoretical Economics (JITE), 1998, 154, (1), 44- View citations (6)

1997

51. Contagion and Bank Failures during the Great Depression: The June 1932 Chicago Banking Panic
    American Economic Review, 1997, 87, (5), 863-83 View citations (184)
    See also Working Paper Contagion and bank failures during the Great Depression: the June 1932 Chicago banking panic, Proceedings (1995) (1995)

1996

52. 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 (58)
    Also in Proceedings, 1996, 766-803 (1996) View citations (66)
    See also Working Paper The Efficiency of Self-Regulated Payments Systems: Learning From the Suffolk System, NBER Working Papers (1996) View citations (65) (1996)

1995

53. 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 (130)
    See also Working Paper Commercial Paper, Corporate Finance and the Business Cycle: A Microeconomic Perspective, Working Papers (1994) View citations (14) (1994)
54. Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936-37
    The Journal of Business, 1995, 68, (4), 443-82 View citations (82)

1994

55. Consistent Output Series for the Antebellum and Postbellum Periods: Issues and Preliminary Results
    The Journal of Economic History, 1994, 54, (2), 409-422 View citations (16)
56. Housing-Finance Intervention and Private Incentives: Helping Minorities and the Poor
    Journal of Money, Credit and Banking, 1994, 26, (3), 634-74 View citations (39)
    Also in Proceedings, 1994, 634-678 (1994) View citations (38)
57. Is the discount window necessary? a Penn Central perspective
    Review, 1994, (May), 31-55 View citations (26)
    See also Working Paper Is the Discount Window Necessary? A Penn-Central Perspective, NBER Working Papers (1993) View citations (3) (1993)
58. 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 (22)
59. The evolution of the Federal Reserve's monetary aggregates: a timeline (commentary)
    Proceedings, 1994, (Mar), 67-71

1993

60. The decline of private deposit insurance in the United States: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1993, 38, (1), 129-142 View citations (3)

1991

61. The Panic of 1857: Origins, Transmission, and Containment
    The Journal of Economic History, 1991, 51, (4), 807-834 View citations (59)
62. The Role of Demandable Debt in Structuring Optimal Banking Arrangements
    American Economic Review, 1991, 81, (3), 497-513 View citations (936)

1990

63. Firm Heterogeneity, Internal Finance, and 'Credit Rationing.'
    Economic Journal, 1990, 100, (399), 90-104 View citations (101)
    See also Working Paper Firm Heterogeneity, Internal Finance, and `Credit Rationing', NBER Working Papers (1988) View citations (36) (1988)
64. Is Deposit Insurance Necessary? A Historical Perspective
    The Journal of Economic History, 1990, 50, (2), 283-295 View citations (122)

1989

65. Asset Substitution, Money Demand, and the Inflation Process in Brazil
    Journal of Money, Credit and Banking, 1989, 21, (1), 78-89 View citations (10)
66. Deposit insurance: lessons from the record
    Economic Perspectives, 1989, 13, (May), 10-30 View citations (63)
67. Price Flexibility, Credit Availability, and Economic Fluctuations: Evidence from the United States, 1894–1909
    The Quarterly Journal of Economics, 1989, 104, (3), 429-452 View citations (45)
68. 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 (2)

1988

69. Institutional Failure, Monetary Scarcity, and the Depreciation of the Continental
    The Journal of Economic History, 1988, 48, (1), 47-68 View citations (40)

1986

70. The Farm Debt Crisis and Public Policy
    Brookings Papers on Economic Activity, 1986, 17, (2), 441-486 View citations (37)

1985

71. A Retrospective on the Classical Gold Standard: Two Views
    The Journal of Economic History, 1985, 45, (4), 963-968

Books

2015

1. Fragile by Design: The Political Origins of Banking Crises and Scarce Credit
   Economics Books, Princeton University Press View citations (24)
   Also in Economics Books, Princeton University Press (2014) View citations (210)

Chapters

2015

1. If Stable and Efficient Banks Are Such a Good Idea, Why Are They So Rare?
   A chapter in Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, 2015
   Also in A chapter in Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, 2014 (2014)

2013

2. What Is Meaningful Banking Reform, Why Is It So Necessary … and So Unlikely?
   Chapter 3 in The Social Value of the Financial Sector Too Big to Fail or Just Too Big?, 2013, pp 23-32

2012

3. The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s
   A chapter in The Microeconomics of New Deal Policy, 2012 View citations (10)
   See also Working Paper The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s, National Bureau of Economic Research, Inc (2012) View citations (3) (2012)
   Journal Article The effects of reconstruction finance corporation assistance on Michigan's banks' survival in the 1930s, Elsevier (2013) View citations (8) (2013)

2004

4. 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, 2004, pp 375-420 View citations (7)

2001

5. 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 (29)

2000

6. 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 (33)

1998

7. 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 23-65 View citations (39)
   See also Working Paper Was the Great Depression a Watershed for American Monetary Policy?, National Bureau of Economic Research, Inc (1997) View citations (7) (1997)

1995

8. 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 (50)

1994

9. The Origins of Federal Deposit Insurance
   A chapter in The Regulated Economy: A Historical Approach to Political Economy, 1994, pp 145-188 View citations (56)

1991

10. The Origins of Banking Panics: Models, Facts, and Bank Regulation
    A chapter in Financial Markets and Financial Crises, 1991, pp 109-174 View citations (299)
    See also Working Paper The Origins of Banking Panics: Models, Facts, and Bank Regulation, Wharton School Rodney L. White Center for Financial Research View citations (62)