Charles W. Calomiris
Columbia Business School
3022 Broadway Street, Uris Hall
New York, NY 10027
Tel: 212/854-8748
Fax: 212/316-9219
E-Mail: 
WWW: http://www0.gsb.columbia.edu/faculty/ccalomiris/
NBER Program Affiliations:
DAE
NBER Affiliation: Research Associate
Information about this author at RePEc
NBER Working Papers and Publications
March 2018 | Mortgage Market Credit Conditions and U.S. Presidential Elections
with Alexis Antoniades: w24459
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| Bank Examiners’ Information and Expertise and Their Role in Monitoring and Disciplining Banks Before and During the Panic of 1893
with Mark Carlson: w24460
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| How News and Its Context Drive Risk and Returns Around the World
with Harry Mamaysky: w24430
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| Who Owned Citibank? Familiarity Bias and Business Network Influences on Stock Purchases, 1925-1929
with Elliot S.M. Oh: w24431
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| Capital Inflows, Equity Issuance Activity, and Corporate Investment
with Mauricio Larrain, Sergio L. Schmukler: w24433
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September 2016 | Stealing Deposits: Deposit Insurance, Risk-Taking and the Removal of Market Discipline in Early 20th Century Banks
with Matthew S. Jaremski: w22692
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May 2016 | Deposit Insurance: Theories and Facts
with Matthew Jaremski: w22223
Published: Charles W. Calomiris & Matthew Jaremski, 2016. "Deposit Insurance: Theories and Facts," Annual Review of Financial Economics, Annual Reviews, vol. 8(1), pages 97-120, October. citation courtesy of 
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January 2016 | How Collateral Laws Shape Lending and Sectoral Activity
with Mauricio Larrain, José M. Liberti, Jason D. Sturgess: w21911
Published: Calomiris, Charles W. & Larrain, Mauricio & Liberti, José & Sturgess, Jason, 2017. "How collateral laws shape lending and sectoral activity," Journal of Financial Economics, Elsevier, vol. 123(1), pages 163-188. citation courtesy of 
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October 2015 | Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System
with Matthew Jaremski, Haelim Park, Gary Richardson: w21684
Published: ANDERSON, H. , CALOMIRIS, C. W., JAREMSKI, M. and RICHARDSON, G. (2018), Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System. Journal of Money, Credit and Banking, 50: 173-201. doi:10.1111/jmcb.12457
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January 2014 | Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s
with Mark Carlson: w19806
Published: Calomiris, Charles W. & Carlson, Mark, 2016. "Corporate governance and risk management at unprotected banks: National banks in the 1890s," Journal of Financial Economics, Elsevier, vol. 119(3), pages 512-532. citation courtesy of 
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November 2013 | Betting on Secession: Quantifying Political Events Surrounding Slavery and the Civil War
with Jonathan Pritchett: w19625
Published: Betting on Secession: Quantifying Political Events Surrounding Slavery and the Civil War Charles W. Calomiris Jonathan Pritchett AMERICAN ECONOMIC REVIEW VOL. 106, NO. 1, JANUARY 2016 (pp. 1-23) citation courtesy of 
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September 2012 | The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s
with Joseph R. Mason, Marc Weidenmier, Katherine Bobroff: w18427
Published: Calomiris, Charles W. & Mason, Joseph R. & Weidenmier, Marc & Bobroff, Katherine, 2013. "The effects of reconstruction finance corporation assistance on Michigan's banks' survival in the 1930s," Explorations in Economic History, Elsevier, vol. 50(4), pages 526-547. citation courtesy of 
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July 2012 | The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s
with Joseph R. Mason, Marc Weidenmier, Katherine Bobroff
in The Microeconomics of New Deal Policy, Price Fishback, organizer
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February 2012 | Crisis-Related Shifts in the Market Valuation of Banking Activities
with Doron Nissim: w17868
Published: Calomiris, Charles W. & Nissim, Doron, 2014. "Crisis-related shifts in the market valuation of banking activities," Journal of Financial Intermediation, Elsevier, vol. 23(3), pages 400-435. citation courtesy of 
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| Does Macro-Pru Leak? Evidence from a UK Policy Experiment
with Shekhar Aiyar, Tomasz Wieladek: w17822
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January 2012 | The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares
with Stanley D. Longhofer, William Miles: w17740
Published: Calomiris, Charles W. & Longhofer, Stanley D. & Miles, William, 2013. "The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares," Critical Finance Review, now publishers, vol. 2(1), pages 049-099, July. citation courtesy of 
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January 2011 | Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach
with Joseph Mason, David Wheelock: w16688
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November 2010 | Crisis "Shock Factors" and the Cross-Section of Global Equity Returns
with Inessa Love, Maria Soledad Martinez Peria: w16559
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October 2009 | Banking Crises and the Rules of the Game
w15403
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June 2009 | The (Mythical?) Housing Wealth Effect
with Stanley D. Longhofer, William Miles: w15075
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December 2008 | Banking Crises
NBER Reporter 2008 number 4
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September 2008 | The Foreclosure-House Price Nexus: Lessons from the 2007-2008 Housing Turmoil
with Stanley D. Longhofer, William Miles: w14294
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August 2008 | Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market
with Jonathan Pritchett: w14281
Published: Calomiris, Charles W. & Pritchett, Jonathan B., 2009.
"Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market,"
The Journal of Economic History,
Cambridge University Press, vol. 69(04), pages 986-1011, December.
citation courtesy of 
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February 2008 | Profiting from Government Stakes in a Command Economy: Evidence from Chinese Asset Sales
with Raymond Fisman, Yongxiang Wang: w13774
Published: Calomiris, Charles W. & Fisman, Raymond & Wang, Yongxiang, 2010. "Profiting from government stakes in a command economy: Evidence from Chinese asset sales," Journal of Financial Economics, Elsevier, vol. 96(3), pages 399-412, June. citation courtesy of 
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November 2007 | Bank Failures in Theory and History: The Great Depression and Other "Contagious" Events
w13597
Published: The Great Depression and Other ‘Contagious’ Events Charles W. Calomiris The Oxford Handbook of Banking Print Publication Date: Jan 2012 Subject: Economics and Finance, Financial Economics, Economic History Online Publication Date: Sep 2012
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February 2007 | Activity-Based Valuation of Bank Holding Companies
with Doron Nissim: w12918
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October 2006 | Devaluation with Contract Redenomination in Argentina
w12644
Published: Charles Calomiris, 2007. "Devaluation with contract redenomination in Argentina," Annals of Finance, Springer, vol. 3(1), pages 155-192, January. citation courtesy of 
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| Relationship Banking and the Pricing of Financial Services
with Thanavut Pornrojnangkool: w12622
Published: Charles Calomiris & Thanavut Pornrojnangkool, 2009.
"Relationship Banking and the Pricing of Financial Services,"
Journal of Financial Services Research,
Springer, vol. 35(3), pages 189-224, June.
citation courtesy of 
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May 2005 | Venture Capital as Human Resource Management
with Antonio Geldson de Carvalho, Joao Amaro de Matos: w11350
Published: de Carvalho, Antonio Gledson & Calomiris, Charles W. & de Matos, João Amaro, 2008. "Venture capital as human resource management," Journal of Economics and Business, Elsevier, vol. 60(3), pages 223-255. citation courtesy of 
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| Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston
with Thanavut Pornrojnangkool: w11351
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| Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts
with Donna M. Hitscherich: w11333
Published: Calomiris, Charles W. and Donna M. Hitscherich. “Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts.” Journal of Empirical Legal Studies 4 (December 2007): 909-38.
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December 2004 | Resolving the Puzzle of the Underissuance of National Bank Notes
with Joseph R. Mason: w10951
Published: Calomiris, Charles W. & Mason, Joseph R., 2008. "Resolving the puzzle of the underissuance of national bank notes," Explorations in Economic History, Elsevier, vol. 45(4), pages 327-355, September. citation courtesy of 
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January 2004 | How to Restructure Failed Banking Systems: Lessons from the United States in the 1930s and Japan in the 1990s
with Joseph Mason
in Governance, Regulation, and Privatization in the Asia-Pacific Region, NBER East Asia Seminar on Economics, Volume 12, Takatoshi Ito and Anne O. Krueger, editors
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April 2003 | How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930's and Japan in the 1990's
with Joseph R. Mason: w9624
Published: Ito, Takatoshi and Anne Krueger (eds.) Governance, Regulation, and Privatization in the Asia-Pacific Region National Bureau of Economic Research. University of Chicago Press, 2004.
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January 2001 | Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-99
with Andrew Powell
in Prudential Supervision: What Works and What Doesn't, Frederic S. Mishkin, editor
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September 2000 | Causes of U.S. Bank Distress During the Depression
with Joseph R. Mason: w7919
Published: Charles W. Calomiris & Joseph R. Mason, 2001. "Causes of U.S. bank distress during the depression," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 530-554.
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May 2000 | Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999
with Andrew Powell: w7715
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January 2000 | Is the Bank Merger Wave of the 1990s Efficient? Lessons from Nine Case Studies
with Jason Karceski
in Mergers and Productivity, Steven N. Kaplan, editor
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July 1998 | Bank Capital and Portfolio Management: The 1930's Capital Crunch and Scramble to Shed Risk
with Berry Wilson: w6649
Published: Charles W. Calomiris & Berry Wilson, 2004. "Bank Capital and Portfolio Management: The 1930s "Capital Crunch" and the Scramble to Shed Risk," Journal of Business, University of Chicago Press, vol. 77(3), pages 421-456, July.
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January 1998 | Was the Great Depression a Watershed for American Monetary Policy?
with David Wheelock
in The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, Michael D. Bordo, Claudia Goldin, and Eugene N. White, editors
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March 1997 | Was the Great Depression a Watershed for American Monetary Policy?
with David C. Wheelock: w5963
Published: Calomiris, Charles W. and David C. Wheelock. "Was the Great Depression a Watershed for American Monetary Policy?" The Defining Moment: The Great Depression and the American Economy in the Twentieth Centruy. Edited by Michael D. Bordo, Claudia Goldin, and Eugene N. White, Chicago. The University of Chicago Press, 1998, pp. 23-65.
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February 1996 | Financing the American Corporation: The Changing Menu of Financial Rela-tionships
with Carlos D. Ramirez: h0079
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January 1996 | The Efficiency of Self-Regulated Payments Systems: Learning From the Suffolk System
with Charles M. Kahn: w5442
Published:
- Journal of Money, Credit and Banking, Vol. 28, no. 4, part 2 (November 1996): 766-797 citation courtesy of
- Published as Calomiris, Charles W., "Gauging the Efficiency of Bank Consolidation During a Merger Wave," Journal of Banking and Finance, Vol. 23, nos. 2-4 (February 1999): 615-621.
- Charles W. Calomiris & Charles M. Kahn, 1996. "The efficiency of self-regulated payments systems: learning from the Suffolk System," Proceedings, Board of Governors of the Federal Reserve System (U.S.), pages 766-803. citation courtesy of
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January 1995 | The Costs of Rejecting Universal Banking: American Finance in the German Mirror, 1870-1914
in Coordination and Information: Historical Perspectives on the Organization of Enterprise, Naomi R. Lamoreaux and Daniel M. G. Raff, editors
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November 1994 | Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic
with Joseph R. Mason: w4934
Published:
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| Historical Macroeconomics and American Macroeconomic History
with Christopher Hanes: w4935
Published: Hoover, Kevin D. (ed.) Macroeconometrics: Developments, Tensions, and Prospects. Kluwer Academic Press, 1995.
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September 1994 | Commercial Paper, Corporate Finance, and the Business Cycle: A Microeconomic Perspective
with Charles P. Himmelberg, Paul Wachtel: w4848
Published: Calomiris, Charles W. & Himmelberg, Charles P. & Wachtel, Paul, 1995. "Commercial paper, corporate finance, and the business cycle: a microeconomic perspective," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 42(1), pages 203-250, June. citation courtesy of 
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July 1994 | Leverage as a State Variable for Employment, Inventory Accumulation, andFixed Investment
with Athanasios Orphanides, Steven A. Sharpe: w4800
Published: Capie, Forrest and Geoffrey Wood (eds.) Asset Prices and the Real Economy. Macmillan, 1997.
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January 1994 | The Origins of Federal Deposit Insurance
with Eugene N. White
in The Regulated Economy: A Historical Approach to Political Economy, Claudia Goldin and Gary D. Libecap, editors
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December 1993 | Is the Discount Window Necessary? A Penn-Central Perspective
w4573
Published: The Federal Reserve Bank of St. Louis Review, Vol. 76, no. 3 (May/June 1994), pp. 31-55. citation courtesy of 
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July 1993 | Corporate-Finance Benefits from Universal Banking: Germany and the United States, 1870-1914
w4408
Published: Charles W. Calomiris, 1993. "Corporate-finance benefits from universal banking: Germany and the United States, 1870-1917," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 450-464.
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March 1993 | Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936-1937
with R. Glenn Hubbard: w4288
Published: Journal of Business, vol. 68, no. 4, pp. 443-482, (October 1995).
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September 1992 | Greenback Resumption and Silver Risk: The Economics and Politics of Monetary Regime Change in the United States, 1862-1900
w4166
Published: Bordo, Michael D. and Forrest Capie (eds.) Monetary Regime Transformations. Cambridge University Press, 1993.
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January 1991 | The Origins of Banking Panics: Models, Facts, and Bank Regulation
with Gary Gorton
in Financial Markets and Financial Crises, R. Glenn Hubbard, editor
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1988 | Firm Heterogeneity, Internal Finance, and `Credit Rationing'
with R. Glenn Hubbard: w2497
Published: The Economic Journal, Vol. 100, No. 399, pp. 90-104, (March 1990). citation courtesy of 
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April 1987 | International Adjustment Under the Classical Gold Standard: Evidence for the U.S. and Britain, 1879-1914
with R. Glenn Hubbard: w2206
Published: Bauoumi, T., B. Eichengreen and M. Taylor (eds.) Modern Perspectives on the Gold Standard. New York: Cambridge University Press, 1996.
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November 1986 | Growing in Debt: The 'Farm Crisis' and Public Policy
with R. Glenn Hubbard, James H. Stock: w2085
Published: Calomiris, Charles W., R. Glenn Hubbard and James H. Stock. "The Farm Debt Crisis and Public Policy," Brookings Papers on Economic Activity, Vol. 2, 1986, pp. 441-479.
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October 1985 | Price Flexibility, Credit Rationing, and Economic Fluctuations: Evidence from the U.S., 1879-1914
with R. Glenn Hubbard: w1767
Published: "Price Flexibility, Credit Availability, and Economic Fluctuations: Evidence from the United States, 1894-1909" From The Quarterly Journal of Economics, Vol. CIV, No. 418, pp. 429-452, (August 1989).
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