Conference

Workshop on Monetary and Financial History

May 6-8, 2019

Federal Reserve Board, Washington, D.C.

A workshop on Monetary and Financial History will be hosted at the Board of Governors of the Federal Reserve System on May 6-8, 2019. This workshop will be a chance for researchers at academic, policy, and professional institutions to meet and discuss topics drawn from historical experience that not only help us understand the past but which frequently offer lessons and insights for today. Professor William Goetzmann from the Yale School of Management will deliver the keynote address.

Organizing Committee: Mark Carlson and Ralf Meisenzahl

Program
Monday, May 6

Welcoming remarks
Mark Carlson (Board of Governors)

Financing Industrialization in Russia and Germany
Caroline Fohlin (Emory University) and Amanda Gregg (Middlebury College)

Discussant: Stefan Gissler (Board of Governors)

Wage Inflation in the Recovery from the Great Depression
Christopher Hanes (State University of New York at Binghamton)

Discussant: William English (Yale University)

Break

"Loans for the Little Fellow:" Credit, Crisis, and Recovery in the Great Depression
Sarah Quincy (UC Davis)

Discussant: Carola Frydman (Northwestern University)

Break

Special lecture: Useless History and the Future of Banking
Charles Calomiris (Columbia University)

Tuesday, May 7

Why Did the Bank of England Ignore Bagehot: the Barings Crisis of 1890 Revisited
Eugene White (Rutgers University)

Discussant: David Wheelock (Federal Reserve Bank of St. Louis)

Break

Monetary Crisis and Reform in 17th century Naples
Francois Velde (Federal Reserve Bank of Chicago)

Discussant: Charles Kahn (University of Illinois)

Break

How J. P. Morgan Picked the Winners and Losers in the Panic of 1907: Resolving Adverse Selection and Restoring Surplus to a Frozen Deposit Market
Jon Moen (University of Mississippi) and Mary Rodgers (State University of New York at Oswego)

Discussant: Eric Hilt (Wellesley College)

Lunch

Should Monetary Policy Lean Against the Wind? Quasi-experimental Evidence from Federal Reserve Policies in 1920-21
Kilian Rieder (University of Oxford)

Discussant: Ellis Tallman (Federal Reserve Bank of Cleveland)

Taming the Global Financial Cycle: Central Bank Balance Sheets and the Sterilization of Capital Flows under the Classical Gold Standard (1890s – 1914)
Guillaume Bazot (Paris School of Economics), Eric Monnet (Banque de France), and Matthias Morys (University of York)

Discussant: Michael Bordo (Rutgers University)

Break

Golden Fetters and the Causal Effects of Countercyclical Monetary Policy
Kris Mitchener (Santa Clara University) and Goncalo Pina (Santa Clara University)

Discussant: Colin Weiss (Board of Governors)

Break

Keynote: Money Changes Everything
William Goetzmann (Yale University)

Wednesday, May 8

Insider Trading and its effect on outsiders
Mathijs Cosemans (Erasmus University) and Rik Frehen (Tilburg University)

Discussant: Sriya Anbil (Board of Governors)

Break

Information Acquisition in Antebellum U.S. Credit Markets: Evidence from Nineteenth-Century Credit Reports
Claire Brennecke (FDIC)

Discussant: Martha Olney (University of California, Berkeley)

Break

Suspending Bank Information to End a Crisis
Haelim Anderson (FDIC), Adam Copeland (Federal Reserve Bank of New York), and Kinda Hachem (University of Virginia)

Discussant: Angela Vossmeyer (Claremont McKenna)

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Last Update: April 24, 2019