Great Depression

The Smoot Hawley Trade War (with Kevin O’Rourke and Kirsten Wandschneider). Economic Journal (October 2022). Available as CEPR Discussion Paper DP15952; CESifo Working Paper 8966; and NBER Working Paper 28616.

Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression (with Sanjiv Das and Angela Vossmeyer). Journal of Money, Credit and Banking (August 2022). Available as CEPR Discussion Paper DP 13416; CESifo Working Paper 7425; and NBER Working Paper 25405.

Network Contagion and Interbank Amplification during the Great Depression (with Gary Richardson) Published in the Journal of Political Economy (April 2019 - lead article). Also available as CEPR Discussion Paper 11164 and Federal Reserve Bank of Richmond Working Paper 16-03.

Capital Controls and Recovery from the Financial Crisis Capital Controls of the 1930s (with Kirsten Wandschneider). Published in the Journal of International Economics CEPR Discussion Paper 10019, NBER Working Paper 20220, and CAGE WP132.

Skin in the Game? Risk, Leverage, and Consequences of New Deal Financial Legislation? (with Gary Richardson) Published in Explorations in Economic History (July 2013) and NBER Working Paper 18895.

Shadowy Banks and Financial Contagion during the Great Depression: A Retrospective on Friedman and Schwartz (with Gary Richardson) Published in the American Economic Review, Papers & Proceedings (May 2013).

Arresting Banking Panics: Fed Liquidity Provision and the Forgotten Panic of 1929 (with Mark Carlson and Gary Richardson) Published in the Journal of Political Economy (October 2011) and NBER Working Paper 16460.

Blood and Treasure: Exiting the Great Depression and Lessons for Today (with Joe Mason) Published in the Oxford Review of Economic Policy (November 2010). Read about this article and related research on the web portal VoxEU.com

Branch Banking as a Device for Discipline: Competition and Bank Survivorship during the Great Depression (with Mark Carlson). Journal of Political Economy (April 2009, Lead Article) and NBER Working Paper 12938.

Are Prudential Supervision and Regulation Pillars of Financial Stability? Evidence from the Great Depression Published in the Journal of Law and Economics (May 2007) and NBER Working Paper 12074.

Branch Banking, Bank Competition, and Financial Stability (with Mark Carlson), Published in the Journal of Money, Credit and Banking (August 2006); NBER Working Paper 11291; and Federal Reserve Board, Finance and Economics Discussion Series WP 2005-20.

Bank Supervision, Regulation, and Instability During the Great Depression Published Journal of Economic History (March 2005) and NBER Working Paper 10475

The Great Depression as Credit Boom Gone Wrong (with Barry Eichengreen) Published in Research in Economic History (2004) and as BIS Working Paper No. 137.