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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.
  • 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: Papers and Proceedings, vol. 106, no. 5, pp. 533-537.
  • 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.
  • 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 and David C. Wheelock (2016). "Near-Money Premiums, Monetary Policy, and the Integration of Money Markets: Lessons from Deregulation," Finance and Economics Discussion Series 2016-077. Washington: Board of Governors of the Federal Reserve System (U.S.).
  • Carlson, Mark and David C. Wheelock (2016). "Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Systemic Risk?" Finance and Economics Discussion Series 2016-059. Washington: Board of Governors of the Federal Reserve System (U.S.).
  • 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 (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 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, 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, 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.).
  • 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.
  • 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, 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, 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 (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 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 Gretchen C. Weinbach (2007). "Profits and Balance Sheet Developments at U.S. Commercial Banks in 2006," Federal Reserve Bulletin, vol. 93, pp. A37-71.
  • 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 (member of the standing committee on EHA administration)
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Last update: October 31, 2016