Workshop on Monetary and Financial History - May 19-22, 2014

This conference is by invitation only.

Monday, May 19
Location: Federal Reserve Bank of Atlanta
1:45 p.m. Introductory remarks
Dennis Lockhart, President, Federal Reserve Bank of Atlanta
2:00 Session 1
"The Value of Bank Supervision: National Banks in New York, 1889–1891"
Eugene White, Rutgers University
3:00 Break
3:15 Session 2
"The (Dis)Advantages of Clearinghouses before the Fed" pdf
Matthew Jaremski, Colgate University [Presentation] pdf
4:15 Break
4:30 Session 3
"Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935–59" pdf
David Wheelock, Federal Reserve Bank of St. Louis [Presentation] pdf
Coauthor: Mark Carlson, Board of Governors of the Federal Reserve System
5:30 Reception
6:00 Dinner
Remarks by Michael Bordo, Warren Weber, and others will honor the contributions of the late Bruce Champ of the Federal Reserve Bank of Cleveland
Tuesday, May 20
Location: Federal Reserve Bank of Atlanta
9:00 a.m. Session 4
"Smoothing the Flow: Currency and Payments in the Early Modern Low Countries, 1500–1800" pdf
Joost Jonker, University of Utrecht
Coauthor: Oscar Gelderblom, University of Utrecht
10:00 Break
10:15 Session 5
"Early Public Banks"
Francois Velde, Federal Reserve Bank of Chicago
Coauthor: William Roberds, Federal Reserve Bank of Atlanta
11:15 Break
11:30 Session 6
"The Coevolution of Money Markets and Monetary Policy, 1815–2008" pdf
Clemens Jobst, Austrian National Bank
Coauthor: Stefano Ugolini, LEREPS, University of Toulouse
12:30 p.m. Lunch
2:15 Session 7
"The Price of Stability: The Balance Sheet Policy of the Banque de France and the Gold Standard (1880–1914)" pdf
Eric Monnet, Banque de France
3:15 Break
3:30 Session 8
"Pre-Banking Financial Intermediation: Evidence from a Brokerage Law Reform in Eighteenth Century Marseille"
Veronica Santarosa, University of Michigan
4:30 Break
4:45 Session 9
"The Life and Legacy of the Second Bank of the United States"
Peter Rousseau, Vanderbilt University
6:00 Public Affairs Forum reception and dinner
(Note: This event is only for speakers and special guests.)
"The Fed as Lender of Last Resort"
Remarks by Michael Bordo, Rutgers University
Wednesday, May 21
Location: Goizueta School of Business, Emory University
9:30 a.m. Session 10
"Bank Liability Insurance Schemes in the United States Before 1865" pdf
Warren Weber, Federal Reserve Banks of Atlanta and Minneapolis
10:30 Break
10:45 Session 11
"Effects of the Introduction of Securities Ratings in the Early Twentieth Century"
Eric Hilt, Wellesley College
11:45 Lunch
1:00 p.m. Session 12
"Information Latency and Asset Markets: Evidence from the Introduction of the Telegraph"
Christopher Meissner, University of California–Davis
2:00 Break
2:15 Session 13
"Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending" pdf
Peter Koudijs, Stanford University
3:15 Break
3:45 Featured presentation (Hightower lecture)
"The Financial Crisis: What Happened? (Or, the Next Financial Crisis)"
Gary Gorton, Yale University
4:45 Reception
Thursday, May 22, 2014
Location: Federal Reserve Bank of Atlanta, Research Seminar Room
9:00 a.m. Session 14
"Sample Selection and Treatment Effect Estimation of Lender of Last Resort Policies" pdf
Angela Vossmeyer, University of California, Irvine [Presentation] pdf
10:00 Break
10:15 Session 15
"The Financial Interconnectedness of Railroads and the Transmission of Financial Distress during the Great Depression"
Jonathan Rose, Board of Governors of the Federal Reserve System
Coauthor: Egon Zakrajsek, Board of Governors of the Federal Reserve System
11:30 Session 16
"Aldrich-Vreeland Emergency Currency Ended the Seasonality of U.S. Interest Rates"
Ellis Tallman, Oberlin College and the Federal Reserve Bank of Cleveland

Conference organized by Michael Bordo (Rutgers University), Caroline Fohlin (Emory University), and William Roberds (Atlanta Fed)