Monetary and Financial History Workshop - May 21–22, 2021

Banner for the Monetary and Financial History Workshop - May 21-22, 2021

Location: Virtual

Organized by Michael Bordo (Rutgers), Will Roberds (FRB Atlanta), and Warren Weber (FRB Atlanta)


Paper #1: "What You Owe or Who You Know? The Recipients of Central Bank Liquidity during the English Crisis of 1847"
Authors: Mike Anson, Bank of England, David Bholat, Bank of England, Kilian Rieder, Oesterreichische Nationalbank, and Ryland Thomas, Bank of England
Presenter: Ryland Thomas, Bank of England [Presentation Adobe PDF file format]
Discussant: Clemens Jobst, University of Wien
Moderator: Kris Mitchener, Santa Clara University


Paper #2: "How Vulture Investors Draft Constitutions: North and Weingast 30 Years Later"
Author: Marc Flandreau, University of Pennsylvania
Discussant: Will Goetzmann, Yale University
Moderator: François Velde, Federal Reserve Bank of Chicago


Invited lecture by Gary Gorton, Yale University: "Economic Growth and the Discovery of the Term Loan"
Moderator: Warren Weber, Federal Reserve Bank of Atlanta


Paper #3: "Do Global Pandemics Matter for Stock Prices? Lessons from the 1918 Spanish FluAdobe PDF file format
Authors: Marco Del Angel, California State University–Los Angeles, Caroline Fohlin, Emory University, Marc Weidenmier, Chapman University
Presenter: Marco Del Angel, California State University–Los Angeles
Discussant: Kim Oosterlinck, University Libre de Bruxelles
Moderator: Jonathan Rose, Federal Reserve Bank of Chicago


Panel discussion: "Historical Perspectives on Policy Responses to the COVID Pandemic"
Panelists: Gary Richardson, University of California–Irvine, Alan M. Taylor, University of California–Davis, and Ellis Tallman, Federal Reserve Bank of Cleveland
Moderator: Michael Bordo, Rutgers University
Related links: 
Longer-Run Economic Consequences of Pandemics - NBEROff-site link
Longer-Run Economic Consequences of Pandemics - San Francisco FedOff-site link


Paper #4: "Off the Rails: The Real Effects of Railroad Bond Defaults Following the Panic of 1873" Off-site link
Author: Chris Cotter, Oberlin College
Discussant: Hugh Rockoff, Rutgers University
Moderator: Mark Carlson, Board of Governors
Related link: http://www.christophercotter.com/uploads/6/0/6/5/60650001/cotter1873offtherails.pdf


Paper #5: The International Consequences of Bretton Woods Capital Controls and the Value of Geopolitical StabilityOff-site link
Authors: Lee Ohanian, University of California–Los Angeles, Diana Van Patten, Princeton University, Paulina Restrepo-Echavarria, Federal Reserve Bank of St. Louis, and Mark L. J. Wright, Federal Reserve Bank of Minneapolis
Presenter: Lee Ohanian, University of California–Los Angeles
Discussant: Angela Redish, University of British Columbia
Moderator: Robert Hetzel, Federal Reserve Bank of Richmond


Invited lecture by Catherine Schenk, Oxford University: "Constructing and Deconstructing the Global Payments System 1870–2000"
[Presentation Adobe PDF file format]
Moderator: Caroline Fohlin, Emory University


Paper #6: "Blowing against the Wind? A Narrative Approach to Central Bank Foreign Exchange InterventionOff-site link
Author: Alain Naef, Banque de France
Presenter: Alain Naef, Banque de France
Discussant: Owen Humpage, Federal Reserve Bank of Cleveland
Moderator: Chris Meissner, University of California–Davis


Panel discussion: "Historical Perspectives on Central Bank Digital Currencies"
Panelists: Michael Bordo, Rutgers University, François Velde, Federal Reserve Bank of Chicago, and Warren Weber, Federal Reserve Bank of Atlanta
Moderator: Peter Rousseau, Vanderbilt University