Details about Matthew Steven Jaremski

Access statistics for papers by Matthew Steven Jaremski.

Last updated 2025-05-15. Update your information in the RePEc Author Service.

Short-id: pja349

Working Papers

2025

1. ‘Invest!’: Liberty Bonds and Stock Ownership over the Twentieth Century
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

2. Deposit Insurance, Uninsured Depositors, and Liquidity Risk During Panics
   NBER Working Papers, National Bureau of Economic Research, Inc
3. The Puzzling Persistence of Financial Crises
   NBER Working Papers, National Bureau of Economic Research, Inc
4. Theodore Roosevelt, the Election of 1912, and the Founding of the Federal Reserve
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Papers, Federal Reserve Bank of St. Louis (2024)
   See also Journal Article Theodore Roosevelt, the Election of 1912, and the Founding of the Federal Reserve, Review, Federal Reserve Bank of St. Louis (2025) (2025)

2023

5. Florida (Un)Chained
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   See also Journal Article Florida (Un)chained, Journal of Financial Intermediation, Elsevier (2023) View citations (2) (2023)
6. Inflation, War Bonds, and the Rise of Republicans in the 1950s
   NBER Working Papers, National Bureau of Economic Research, Inc
7. Interbank Networks and the Interregional Transmission of Financial Crises: Evidence from the Panic of 1907
   Working Papers, Federal Reserve Bank of St. Louis
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023) View citations (1)
   See also Journal Article Interbank Networks and the Interregional Transmission of Financial Crises: Evidence from the Panic of 1907, The Journal of Economic History, Cambridge University Press (2025) (2025)
8. Signals and Stigmas from Banking Interventions: Lessons from the Bank Holiday in 1933
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Journal Article Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933, Journal of Financial Economics, Elsevier (2025) (2025)

2022

9. Bank Risk and Stockholding (1910-1934)
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Bank risk and stockholding (1910-1934), Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC) (2024) (2024)
10. The U.S. Postal Savings System and the Collapse of B&Ls During the Great Depression
    NBER Working Papers, National Bureau of Economic Research, Inc

2020

11. Early Fertility Decline in the United States: Tests of Alternative Hypotheses using New Complete-Count Census Microdata and Enhanced County-Level Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Chapter Early Fertility Decline in the United States: Tests of Alternative Hypotheses Using New Complete-Count Census Microdata and Enhanced County-Level Data, Research in Economic History, Emerald Group Publishing Limited (2021) (2021)
12. Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s
    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.) (2018)
    See also Journal Article Liquidity Requirements, Free‐Riding, and the Implications for Financial Stability Evidence from the Early 1900s, Journal of Money, Credit and Banking, Blackwell Publishing (2023) (2023)
13. Two Centuries of U.S. Banking Concentration: 1820-2019
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
14. When Uncle Sam Introduced Main Street to Wall Street: Liberty Bonds and the Transformation of American Finance
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article When Uncle Sam introduced Main Street to Wall Street: Liberty Bonds and the transformation of American finance, Journal of Financial Economics, Elsevier (2022) View citations (2) (2022)

2019

15. An Empirical History of the United States Postal Savings System
    NBER Working Papers, National Bureau of Economic Research, Inc
16. Interbank Connections, Contagion and Bank Distress in the Great Depression
    Working Papers, Federal Reserve Bank of St. Louis View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (8)
17. The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2019) View citations (2)
    See also Journal Article The Founding of the Federal Reserve, the Great Depression, and the Evolution of the U.S. Interbank Network, The Journal of Economic History, Cambridge University Press (2020) View citations (10) (2020)

2018

18. Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2017)
    See also Journal Article Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock, Journal of Money, Credit and Banking, Blackwell Publishing (2020) View citations (9) (2020)

2017

19. Did Inequality in Farm Sizes Lead to Suppression of Banking and Credit in the Late Nineteenth Century?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Did Inequality in Farm Sizes Lead to Suppression of Banking and Credit in the Late Nineteenth Century?, The Journal of Economic History, Cambridge University Press (2018) View citations (16) (2018)
20. How was the Quantitative Easing Program of the 1930s Unwound?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Working Papers, American University, Department of Economics (2016)
    See also Journal Article How was the quantitative easing program of the 1930s Unwound?, Explorations in Economic History, Elsevier (2018) View citations (6) (2018)
21. Looking Back On the Age of Checking in America, 1800-1960
    MPRA Paper, University Library of Munich, Germany
22. Populists at the Polls: Economic Factors in the 1896 Presidential Election
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
23. Privately Issued Money in the US
    Working Papers, Department of Economics, Colgate University
24. The (Dis)Advantages of Clearinghouses Before the Fed
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article The (dis)advantages of clearinghouses before the Fed, Journal of Financial Economics, Elsevier (2018) View citations (11) (2018)

2016

25. Deposit Insurance: Theories and Facts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    See also Journal Article Deposit Insurance: Theories and Facts, Annual Review of Financial Economics, Annual Reviews (2016) View citations (51) (2016)
26. 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)
    Working Papers, Office of Financial Research, US Department of the Treasury (2015) View citations (2)
    See also Journal Article Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System, Journal of Money, Credit and Banking, Blackwell Publishing (2018) View citations (22) (2018)
27. 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)
    See also Journal Article Stealing Deposits: Deposit Insurance, Risk‐Taking, and the Removal of Market Discipline in Early 20th‐Century Banks, Journal of Finance, American Finance Association (2019) View citations (38) (2019)

2015

28. An In-depth Analysis of New England Mutual Savings Banks, 1870-1914
    Working Papers, Department of Economics, Colgate University
29. Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System
    Working Papers, Federal Reserve Bank of St. Louis View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (5)
30. The Dawn of an ‘Age of Deposits’ in the United States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article The dawn of an ‘age of deposits’ in the United States, Journal of Banking & Finance, Elsevier (2018) View citations (1) (2018)

2014

31. American Banking and the Transportation Revolution Before the Civil War
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article American Banking and the Transportation Revolution before the Civil War, The Journal of Economic History, Cambridge University Press (2014) View citations (11) (2014)
32. Clearinghouses as Credit Regulators Before the Fed?
    Working Papers, Department of Economics, Colgate University View citations (2)
    See also Journal Article Clearinghouses as credit regulators before the fed?, Journal of Financial Stability, Elsevier (2015) View citations (8) (2015)
33. Did Railroads Make Antebellum U.S. Banks More Sound?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Chapter Did Railroads Make Antebellum U.S. Banks More Sound?, NBER Chapters, National Bureau of Economic Research, Inc (2014) View citations (6) (2014)
34. The Evolution of Bank Supervision: Evidence from U.S. States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)

2013

35. National Banking's Role in U.S. Industrialization, 1850-1900
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article National Banking's Role in U.S. Industrialization, 1850–1900, The Journal of Economic History, Cambridge University Press (2014) View citations (10) (2014)

2012

36. Banks, Free Banks, and U.S. Economic Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics (2012) View citations (3)
    See also Journal Article BANKS, FREE BANKS, AND U.S. ECONOMIC GROWTH, Economic Inquiry, Western Economic Association International (2013) View citations (10) (2013)
37. Sales and Firm Entry: The Case of Wal-Mart
    Working Papers, Department of Economics, Colgate University View citations (1)
    See also Journal Article Sales and Firm Entry: The Case of Wal‐Mart, Southern Economic Journal, John Wiley & Sons (2014) (2014)

2009

38. Rigidity, Dispersion and Discreteness in Chain Prices
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics View citations (6)

Journal Articles

2025

1. Fighting "Fear Itself": The Bank Holiday of March 1933
   Journal of Financial Crises, 2025, 7, (1), 31-56
2. Interbank Networks and the Interregional Transmission of Financial Crises: Evidence from the Panic of 1907
   The Journal of Economic History, 2025, 85, (1), 152-179
   See also Working Paper Interbank Networks and the Interregional Transmission of Financial Crises: Evidence from the Panic of 1907, Working Papers (2023) (2023)
3. Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933
   Journal of Financial Economics, 2025, 163, (C)
   See also Working Paper Signals and Stigmas from Banking Interventions: Lessons from the Bank Holiday in 1933, NBER Working Papers (2023) View citations (1) (2023)
4. Theodore Roosevelt, the Election of 1912, and the Founding of the Federal Reserve
   Review, 2025, 107, (7), 1-15
   See also Working Paper Theodore Roosevelt, the Election of 1912, and the Founding of the Federal Reserve, NBER Working Papers (2024) (2024)

2024

5. Bank risk and stockholding (1910-1934)
   Cliometrica, Journal of Historical Economics and Econometric History, 2024, 18, (1), 221-249
   Also in Cliometrica, 2024, 18, (1), 221-249 (2024)
   See also Working Paper Bank Risk and Stockholding (1910-1934), NBER Working Papers (2022) (2022)
6. The puzzling persistence of financial crises: A selective review of 2000 years of evidence
   Journal of Financial Intermediation, 2024, 58, (C)

2023

7. Florida (Un)chained
   Journal of Financial Intermediation, 2023, 55, (C) View citations (2)
   See also Working Paper Florida (Un)Chained, NBER Working Papers (2023) View citations (2) (2023)
8. Liquidity Requirements, Free‐Riding, and the Implications for Financial Stability Evidence from the Early 1900s
   Journal of Money, Credit and Banking, 2023, 55, (1), 323-341
   See also Working Paper Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s, NBER Working Papers (2020) (2020)
9. Murphy, Anne L. Virtuous Bankers: A Day in the Life of the Eighteenth-Century Bank of England
   Journal of Economic Literature, 2023, 61, (3), 1199-1201
10. The U.S. Postal Savings System and the collapse of building and loan associations during the Great Depression
    Southern Economic Journal, 2023, 89, (4), 1196-1215 View citations (2)

2022

11. Interbank connections, contagion and bank distress in the Great Depression✰
    Journal of Financial Intermediation, 2022, 51, (C) View citations (2)
12. When Uncle Sam introduced Main Street to Wall Street: Liberty Bonds and the transformation of American finance
    Journal of Financial Economics, 2022, 145, (1), 194-216 View citations (2)
    See also Working Paper When Uncle Sam Introduced Main Street to Wall Street: Liberty Bonds and the Transformation of American Finance, NBER Working Papers (2020) (2020)
13. Why Join the Fed?
    The Journal of Economic History, 2022, 82, (3), 765-800

2021

14. Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic. By Joshua R. Greenberg. Philadelphia: University of Pennsylvania Press, 2020. Pp. 245. $34.95, hardcover
    The Journal of Economic History, 2021, 81, (4), 1267-1268

2020

15. Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock
    Journal of Money, Credit and Banking, 2020, 52, (7), 1719-1754 View citations (9)
    See also Working Paper Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock, NBER Working Papers (2018) View citations (2) (2018)
16. The Founding of the Federal Reserve, the Great Depression, and the Evolution of the U.S. Interbank Network
    The Journal of Economic History, 2020, 80, (1), 69-99 View citations (10)
    See also Working Paper The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network, NBER Working Papers (2019) View citations (3) (2019)
17. Today’s economic history and tomorrow’s scholars
    Cliometrica, 2020, 14, (1), 169-180 View citations (3)
18. U.S. banking concentration, 1820–2019
    Economics Letters, 2020, 190, (C) View citations (1)

2019

19. Competition, business cycles, and price flexibility in grocery stores
    Economics Letters, 2019, 181, (C), 137-139
20. Faire appel à l'histoire pour mettre au jour les causes et les conséquences de l'assurance dépôts
    Revue d'économie financière, 2019, N° 136, (4), 377-383
21. Stealing Deposits: Deposit Insurance, Risk‐Taking, and the Removal of Market Discipline in Early 20th‐Century Banks
    Journal of Finance, 2019, 74, (2), 711-754 View citations (38)
    See also Working Paper Stealing Deposits: Deposit Insurance, Risk-Taking and the Removal of Market Discipline in Early 20th Century Banks, NBER Working Papers (2016) View citations (19) (2016)

2018

22. Did Inequality in Farm Sizes Lead to Suppression of Banking and Credit in the Late Nineteenth Century?
    The Journal of Economic History, 2018, 78, (1), 155-195 View citations (16)
    See also Working Paper Did Inequality in Farm Sizes Lead to Suppression of Banking and Credit in the Late Nineteenth Century?, NBER Working Papers (2017) View citations (5) (2017)
23. How was the quantitative easing program of the 1930s Unwound?
    Explorations in Economic History, 2018, 69, (C), 27-49 View citations (6)
    See also Working Paper How was the Quantitative Easing Program of the 1930s Unwound?, NBER Working Papers (2017) View citations (3) (2017)
24. Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System
    Journal of Money, Credit and Banking, 2018, 50, (1), 173-201 View citations (22)
    See also Working Paper Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System, Working Paper (2016) View citations (3) (2016)
25. The (dis)advantages of clearinghouses before the Fed
    Journal of Financial Economics, 2018, 127, (3), 435-458 View citations (11)
    See also Working Paper The (Dis)Advantages of Clearinghouses Before the Fed, NBER Working Papers (2017) View citations (1) (2017)
26. The dawn of an ‘age of deposits’ in the United States
    Journal of Banking & Finance, 2018, 87, (C), 264-281 View citations (1)
    See also Working Paper The Dawn of an ‘Age of Deposits’ in the United States, NBER Working Papers (2015) View citations (2) (2015)

2017

27. The Bank War: Andrew Jackson, Nicholas Biddle, and the Fight for American Finance. By Yardley Paul Kahan, PA: Westholme Publishing, 2015. Pp. xii, 187. $28.00, cloth
    The Journal of Economic History, 2017, 77, (2), 613-614
28. The Second Bank of the United States: “Central” Banker in an Era of Nation-Building, 1816–1936. Jane Ellen Knodell. London: Routledge Taylor and Francis Group, 2016. Pp. 202. $98.47, hardcover
    The Journal of Economic History, 2017, 77, (4), 1234-1236
29. Understanding the Cyclical Nature of Financial Intermediation Costs
    Southern Economic Journal, 2017, 84, (1), 181-201 View citations (3)

2016

30. Deposit Insurance: Theories and Facts
    Annual Review of Financial Economics, 2016, 8, (1), 97-120 View citations (51)
    See also Working Paper Deposit Insurance: Theories and Facts, NBER Working Papers (2016) View citations (51) (2016)
31. The competition and coexistence of mutual and commercial banks in New England, 1870–1914
    Cliometrica, Journal of Historical Economics and Econometric History, 2016, 10, (2), 151-179 View citations (2)

2015

32. Chronique d'histoire financière. Introduction au régime de banque libre aux États-Unis
    Revue d'économie financière, 2015, N° 117, (1), 245-248
33. Clearinghouses as credit regulators before the fed?
    Journal of Financial Stability, 2015, 17, (C), 10-21 View citations (8)
    See also Working Paper Clearinghouses as Credit Regulators Before the Fed?, Working Papers (2014) View citations (2) (2014)
34. The Evolution of Bank Supervisory Institutions: Evidence from American States
    The Journal of Economic History, 2015, 75, (3), 819-859 View citations (20)

2014

35. American Banking and the Transportation Revolution before the Civil War
    The Journal of Economic History, 2014, 74, (4), 943-986 View citations (11)
    See also Working Paper American Banking and the Transportation Revolution Before the Civil War, NBER Working Papers (2014) View citations (14) (2014)
36. Banking in Oklahoma Before Statehood. By Michael J. Hightower. Norman, OK: University of Oklahoma Press. 2013. Pp. vii, 391. $29.95, cloth
    The Journal of Economic History, 2014, 74, (4), 1239-1241
37. National Banking's Role in U.S. Industrialization, 1850–1900
    The Journal of Economic History, 2014, 74, (1), 109-140 View citations (10)
    See also Working Paper National Banking's Role in U.S. Industrialization, 1850-1900, NBER Working Papers (2013) View citations (2) (2013)
38. Sales and Firm Entry: The Case of Wal‐Mart
    Southern Economic Journal, 2014, 81, (1), 168-192
    See also Working Paper Sales and Firm Entry: The Case of Wal-Mart, Working Papers (2012) View citations (1) (2012)

2013

39. BANKS, FREE BANKS, AND U.S. ECONOMIC GROWTH
    Economic Inquiry, 2013, 51, (2), 1603-1621 View citations (10)
    See also Working Paper Banks, Free Banks, and U.S. Economic Growth, NBER Working Papers (2012) View citations (2) (2012)
40. Kenneth D. Garbade, Birth of a market: the US treasury securities market from the Great War to the Great Depression ( Cambridge, MA: MIT Press, 2012. Pp. viii + 393. ISBN 9780262016377 Hbk. £34.95)
    Economic History Review, 2013, 66, (4), 1219-1220
41. State Banks and the National Banking Acts: Measuring the Response to Increased Financial Regulation, 1860-1870
    Journal of Money, Credit and Banking, 2013, 45, (2-3), 379-399 View citations (12)
    Also in Journal of Money, Credit and Banking, 2013, 45, (2‐3), 379-399 (2013) View citations (3)

2012

42. Legacy, location, and labor: Accounting for racial differences in postbellum cotton production
    Explorations in Economic History, 2012, 49, (3), 291-302

2011

43. Bank-Specific Default Risk in the Pricing of Bank Note Discounts
    The Journal of Economic History, 2011, 71, (4), 950-975 View citations (4)

2010

44. Free Bank Failures: Risky Bonds versus Undiversified Portfolios
    Journal of Money, Credit and Banking, 2010, 42, (8), 1565-1587 View citations (19)
    Also in Journal of Money, Credit and Banking, 2010, 42, (8), 1565-1587 (2010)

Chapters

2024

1. The Cliometric Study of Financial Panics and Crashes
   Springer
   Also in Springer (2016)

2021

2. Early Fertility Decline in the United States: Tests of Alternative Hypotheses Using New Complete-Count Census Microdata and Enhanced County-Level Data
   A chapter in Research in Economic History, 2021, vol. 37, pp 89-128
   See also Working Paper Early Fertility Decline in the United States: Tests of Alternative Hypotheses using New Complete-Count Census Microdata and Enhanced County-Level Data, National Bureau of Economic Research, Inc (2020) View citations (2) (2020)

2019

3. Populists at the Polls: Economic Factors in the US Presidential Election of 1896
   A chapter in Research in Economic History, 2019, vol. 35, pp 91-131 View citations (1)

2014

4. Did Railroads Make Antebellum U.S. Banks More Sound?
   A chapter in Enterprising America: Businesses, Banks, and Credit Markets in Historical Perspective, 2014, pp 149-178 View citations (6)
   See also Working Paper Did Railroads Make Antebellum U.S. Banks More Sound?, National Bureau of Economic Research, Inc (2014) View citations (4) (2014)