skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

TheEconomists

Photo of Mark A. Carlson

Mark A. Carlson

Principal Economist

Financial Intermediaries Analysis Section

Monetary Affairs


mark.a.carlson@frb.gov
Education
  • Ph.D., Economics, University of California - Berkeley, 2001
  • B.S., Economics, University of Minnesota, 1996
    • Principal Economist

      Board of Governors of the Federal Reserve System

    • 2015 - present
    • Senior Economist

      Bank for International Settlements

    • 2014 - 2016
    • Senior Economist

      Board of Governors of the Federal Reserve System

    • 2011 - 2015
    • Economist

      Board of Governors of the Federal Reserve System

    • 2001 - 2011
    • Adjunct Professor

      Georgetown University

    • 2006 - 2010
  • Calomiris, Charles W., and Mark Carlson (2016). "Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s," Journal of Financial Economics, vol. 119, no. 3, pp. 512-532.
  • Calomiris, Charles W., and Mark Carlson (2016). "Interbank Networks in the National Banking Era: Their Purpose and Their Role in the Panic of 1893," Working Paper 535. Bank for International Settlements.
  • Carlson, Mark A., and David C. Wheelock (2016). "Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935-1959," in The Federal Reserve's Role in the Global Economy: A Historical Perspective, pp. 50-83. New York: Cambridge University Press.
  • Carlson, Mark A., and David C. Wheelock (2015). "The Lender of Last Resort: Lessons from the Fed's First 100 Years," in Current Federal Reserve Policy Under the Lens of Economic History: Essays to Commemorate the Federal Reserve System's Centennial, pp. 49-101. New York: Cambridge University Press.
  • Carlson, Mark A., and Jonathan D. Rose (2016). "Can a Bank Run Be Stopped? Government Guarantees and the Run on Continental Illinois," Finance and Economics Discussion Series 2016-003. Washington: Board of Governors of the Federal Reserve System.
  • Carlson, Mark, and David C. Wheelock (2016). "Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve," American Economic Review, vol. 106, no. 5, pp. 533-537.
  • Carlson, Mark (2015). "Lessons from the Historical Use of Reserve Requirements in the United States to Promote Bank Liquidity," International Journal of Central Banking, vol. 11, no. 1, pp. 191-224.
  • Carlson, Mark and Jonathan Rose. (2015). "Credit Availability and the Collapse of the Banking Sector in the 1930s," Journal of Money, Credit and Banking, vol. 47, no. 7. pp. 1239-1271.
  • Carlson, Mark, Burcu Duygan-Bump, and William R. Nelson (2015). "Why Do We Need Both Liquidity Regulations and a Lender of Last Resort? A Perspective from Federal Reserve Lending during the 2007-09 U.S. Financial Crisis," Finance and Economics Discussion Series 2015-011. Washington: Board of Governors of the Federal Reserve System.
  • Carlson, Mark A., and David C. Wheelock (2014). "Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935-59," Globalization and Monetary Policy Institute Working Paper 205. Federal Reserve Bank of Dallas.
  • Carlson, Mark, Burcu Duygan-Bump, Fabio M. Natalucci, William R. Nelson, Marcelo Ochoa, Jeremy C. Stein, and Skander J. Van den Heuvel (2014). "The Demand for Short-term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies," Finance and Economics Discussion Series 2014-102. Board of Governors of the Federal Reserve System (U.S.).
  • Carlson, Mark, and Gretchen C. Weinbach (2007). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2006," Federal Reserve Bulletin, vol. 93, pp. A37-71.
  • Calomiris, Charles W., and Mark Carlson (2014). "National Bank Examinations and Operations in the Early 1890s," Finance and Economics Discussion Series 2014-19. Board of Governors of the Federal Reserve System (U.S.).
  • Carlson, Mark, Kurt F. Lewis, and William R. Nelson (2014). "Using Policy Intervention to Identify Financial Stress," International Journal of Finance & Economics, vol. 19, no. 1, pp. 59-72.
  • Calomiris, Charles W., and Mark Carlson (2014). "Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s," Finance and Economics Discussion Series 2014-08. Board of Governors of the Federal Reserve System (U.S.).
  • Carlson, Mark, Hui Shan, and Missaka Warusawitharana (2013). "Capital Ratios and Bank Lending: A Matched Bank Approach," Journal of Financial Intermediation, vol. 22, no. 4, pp. 663-687.
  • Carlson, Mark (2013). "The Panic of 1893," in Parker, Randall, Robert Whaples eds., Routledge Handbook of Major Events in Economic History. Routledge, pp. 40-50.
  • Carlson, Mark A., and David C. Wheelock (2012). "The Lender of Last Resort: Lessons from the Fed's First 100 Years," Working Papers 2012-056. Federal Reserve Bank of St. Louis.
  • Carlson, Mark, Kris James Mitchener, and Gary Richardson (2011). "Arresting Banking Panics: Federal Reserve Liquidity Provision and the Forgotten Panic of 1929," Journal of Political Economy, vol. 119, no. 5, pp. 889-924.
  • Carlson, Mark A., Thomas B. King, and Kurt F. Lewis (2011). "Distress in the Financial Sector and Economic Activity," B.E. Journal of Economic Analysis & Policy, Vol. 11, no. 1, Article 35.
  • Carlson, Mark (2010). "Alternatives for Distressed Banks during the Great Depression," Journal of Money, Credit, and Banking, vol. 42, no. 2-3, pp. 421-441.
  • Carlson, Mark, and Kris James Mitchener (2010). "Branch Banking as a Device for Discipline: Competition and Bank Survivorship during the Great Depression," Journal of Political Economy, vol. 117, no. 2, pp. 165-210.
  • Carlson, Mark, and Jason Steinman (2008). "Market Conditions and Hedge Fund Survival," Finance and Economics Discussion Series 2008-28. Board of Governors of the Federal Reserve System (U.S.).
  • Carlson, Mark (2007). "A Brief History of the 1987 Stock Market Crash: With a Discussion of the Federal Reserve Response," Finance and Economics Discussion Series 2007-13. Board of Governors of the Federal Reserve System (U.S.).
  • Carlson, Mark, and Galina B. Hale (2006). "Rating Agencies and Sovereign Debt Rollover," B.E. Journals in Macroeconomics: Topics in Macroeconomics, vol. 6, no. 2, pp. 1-30.
  • Carlson, Mark, and Kris James Mitchener (2006). "Branch Banking, Bank Competition, and Financial Stability," Journal of Money, Credit, and Banking, vol. 38, no. 5, pp. 1293-1328.
  • Carlson, Mark (2005). "Causes of Bank Suspensions in the Panic of 1893," Explorations in Economic History, vol. 42, no. 1, pp. 56-80.
  • Carlson, Mark (2004). "Are Branch Banks Better Survivors? Evidence from the Depression Era," Economic inquiry, vol. 42, no. 1, pp. 111-126.
  • Carlson, Mark, and Roberto Perli (2004). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2003," Federal Reserve Bulletin, vol. 90, no. 2, pp. 162-191.
  • Basset, William F., and Mark Carlson (2002). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2001," Federal Reserve Bulletin, vol. 88, no. 6, pp. 259-288.
  • Carlson, Mark, and Leonardo Hernandez (2002). "Determinants and Repercussions of the Composition of Capital Inflows," International Finance Discussion Papers 717. Board of Governors of the Federal Reserve System (U.S.).

Conference Organization

  • September 2011 Boston, Massachusetts

    Economic History Association

    Session Chair

  • March 2011 Washington, D.C.

    Society for History in the Federal Government

    Session Chair

Editor

  • Explorations in Economic History (Editorial Board)

Referee

  • American Economic Review
  • Berkeley Economic Press
  • Cliometrica
  • European Review of Economic History
  • International Journal of Central Banking
  • International Journal of Finance and Economics
  • Journal of Banking and Finance
  • Journal of Economic History
  • Journal of Finance
  • Journal of Financial Economics
  • Journal of Macroeconomics
  • Journal of Monetary Economics
  • Journal of Money, Credit, and Banking

Professional Affiliation

  • American Economics Association
  • Economic History Association
Skip stay connected section
Last update: August 1, 2016