Money, History and Finance
Fall 2017 - Michael Bordo
Spring 2018 - Hugh Rockoff
- The seminar meets on Mondays from 2:30-4:00 in New Jersey Hall Room 101, unless
- All members of the University Community, especially graduate students, are welcome.
- Papers can downloaded from the Department's website when available in advance.
- Schedule of Dates and Speakers may change.
Michael Bordo, Rutgers University
“An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime”
Mark Carlson, Federal Reserve Board
““Unconventional” Monetary Policy as Conventional Monetary Policy: A perspective from the U.S. in the 1920s”
Abstract: To implement monetary policy in the 1920s, the Federal Reserve utilized administered interest rates and conducted open market operations in both government securities and private money market securities, sometimes in fairly considerable amounts. We show how the Fed was able to effectively use these tools to influence conditions in money markets, even those in which it was not an active participant. We also provide evidence that the changes in money market conditions resulting from changes in monetary policy affected the issuance of money market securities. These results point to a channel through which monetary policy was transmitted to the rest of the economy. The tools used in the 1920s by the Federal Reserve resemble the extraordinary monetary policy tools used by central banks recently and provide further evidence on their effectiveness even in ordinary times.
Warren Weber, Atlanta Federal Reserve
"Swedish Riksbank Notes and Enskilda Bank Notes: Lessons for Digital Currencies"
Germán Forero Laverde, Universidad Externado de Colombia / Universitat de Barcelona
"Do the rules of the game matter? Exchange Rate Regimes and the Financial Cycle (1922-2015)"
Marc Flandreau, University of Pennsylvania
"Nineteenth Century Absolute Sovereign Immunity Redux: The Role of Financial Engineering"
Gavin Wright, Stanford University
"World War II, the Cold War, and the Knowledge Economies of the Pacific Coast"
Antoine Parent, Lyon, France
“Liquidity Trap and The 1929 Financial Crisis”
Ellis Tallman, Cleveland Federal Reserve
William Roberds, Atlanta Federal Reserve
"An Early Experiment with "Permazero"