Charles W. Calomiris

Columbia University - Columbia Business School

Paul M. Montrone Professor of Finance and Economics

3022 Broadway

601 Uris, Dept. of Finance & Economics

New York, NY 10027

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

82

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CITATIONS
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789

Scholarly Papers (82)

1.
Downloads 1,160 ( 14,331)
Citation 42

Credit Card Securitization and Regulatory Arbitrage

FRB of Philadelphia Working Paper No. 03-7
Number of pages: 36 Posted: 29 Jul 2004
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 1,160 (14,041)
Citation 42

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Credit Card Securitization

Credit Card Securitization and Regulatory Arbitrage

Journal of Financial Services Research, Vol. 26, No. 1, August 2004
Posted: 05 Aug 2004
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business

Abstract:

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Bank capital regulation, credit card banks, securitization

2.

Why and How to Design a Contingent Convertible Debt Requirement

Number of pages: 58 Posted: 21 Apr 2011
Richard J. Herring and Charles W. Calomiris
University of Pennsylvania - Finance Department and Columbia University - Columbia Business School
Downloads 893 (15,149)
Citation 15

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Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts

1st Annual Conference on Empirical Legal Studies Paper
Number of pages: 33 Posted: 27 Apr 2005
Charles W. Calomiris and Donna M. Hitscherich
Columbia University - Columbia Business School and Columbia Business School - Finance and Economics
Downloads 736 (27,610)
Citation 4

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Fairness opinions, conflicts of interest, investment bank, fees, merger, acquisition premia

Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts

NBER Working Paper No. w11333
Number of pages: 34 Posted: 14 Jun 2005
Charles W. Calomiris and Donna M. Hitscherich
Columbia University - Columbia Business School and Columbia Business School - Finance and Economics
Downloads 45 (359,955)
Citation 4

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4.

How Often Do 'Conflicts of Interests' in the Investment Banking Industry Arise During Hostile Takeovers?

Number of pages: 32 Posted: 28 Feb 2004
Charles W. Calomiris and Hal J. Singer
Columbia University - Columbia Business School and Economists Incorporated
Downloads 750 (25,362)
Citation 6

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Conflicts of interest, investment bank, hostile takeovers, acquisition premia, Chinese Wall

5.

Issues in Income Tax Reform in Developing Countries

World Bank Policy Research Working Paper No. 267
Number of pages: 46 Posted: 20 Apr 2016
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 630 (17,400)
Citation 5

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Environmental Economics & Policies, Tax Law, Public Sector Economics, Economic Theory & Research, International Terrorism & Counterterrorism

The Foreclosure-House Price Nexus: A Panel VAR Model for U.S. States, 1981-2009

Number of pages: 58 Posted: 16 Jul 2008 Last Revised: 25 Mar 2012
Charles W. Calomiris, Stanley D. Longhofer and William Miles
Columbia University - Columbia Business School, Wichita State University - W. Frank Barton School of Business and Wichita State University - W. Frank Barton School of Business
Downloads 507 (45,396)
Citation 16

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Foreclosures, Home Prices, Panel VAR

The Foreclosure-House Price Nexus: Lessons from the 2007-2008 Housing Turmoil

NBER Working Paper No. w14294
Number of pages: 57 Posted: 08 Sep 2008
Charles W. Calomiris, Stanley D. Longhofer and William Miles
Columbia University - Columbia Business School, Wichita State University - W. Frank Barton School of Business and Wichita State University - Department of Economics
Downloads 39 (381,590)
Citation 16

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7.

Fundamentals, Panics and Bank Distress During the Depression

Number of pages: 56 Posted: 13 Dec 2002
Joseph R. Mason and Charles W. Calomiris
Louisiana State University - Ourso School of Business and Columbia University - Columbia Business School
Downloads 545 (39,361)
Citation 53

Abstract:

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banks, contagion, panic, distress, Great Depression

8.

A Taxonomy of Financial Crisis Resolution Mechanisms: Cross-Country Experience

World Bank Policy Research Working Paper No. 3379
Number of pages: 75 Posted: 20 Apr 2016
Charles W. Calomiris, Daniela Klingebiel and Luc Laeven
Columbia University - Columbia Business School, World Bank - Policy Unit and European Central Bank (ECB)
Downloads 529 (38,741)
Citation 16

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9.

No Free Shop: Why Target Companies Sometimes Choose Not to Buy ‘Go-Shop’ Options

Columbia Business School Research Paper No. 13-25
Number of pages: 59 Posted: 02 May 2013 Last Revised: 12 Jul 2016
Adonis Antoniades, Charles W. Calomiris and Donna M. Hitscherich
National University of Singapore (NUS) - Department of Finance, Columbia University - Columbia Business School and Columbia Business School - Finance and Economics
Downloads 510 (45,636)

Abstract:

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Private equity, management buyouts, mergers, acquisitions, offer premium, cumulative abnormal returns, conflicts, litigation risk, lawyers, merger agreements, go-shop, special committee

10.

A Theory of Bank Liquidity Requirements

Columbia Business School Research Paper No. 14-39
Number of pages: 43 Posted: 07 Aug 2014 Last Revised: 15 Apr 2015
Charles W. Calomiris, Florian Heider and Marie Hoerova
Columbia University - Columbia Business School, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 354 (18,531)
Citation 1

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Liquidity regulation, reserve requirements, bank runs, deposit insurance, moral hazard, risk management

Venture Capital as Human Resource Management

FEUNL Working Paper No. 470
Number of pages: 39 Posted: 26 Feb 2006
Fundacao Getulio Vargas School of Business at Sao Paulo, Columbia University - Columbia Business School and Nova School of Business and Economics
Downloads 313 (81,428)

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Venture Capital as Human Resource Management

NBER Working Paper No. w11350
Number of pages: 40 Posted: 20 Jun 2005
affiliation not provided to SSRN, Fundacao Getulio Vargas School of Business at Sao Paulo, Columbia University - Columbia Business School and Nova School of Business and Economics
Downloads 36 (393,270)

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12.
Downloads 334 ( 76,168)

Deposit Insurance: Theories and Facts

Columbia Business School Research Paper No. 16-35
Number of pages: 44 Posted: 28 Apr 2016
Charles W. Calomiris and Matthew Jaremski
Columbia University - Columbia Business School and Colgate University
Downloads 326 (77,803)

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Deposit Insurance; Political Economy; Mortgage Lending; Moral Hazard

Deposit Insurance: Theories and Facts

NBER Working Paper No. w22223
Number of pages: 45 Posted: 09 May 2016
Charles W. Calomiris and Matthew Jaremski
Columbia University - Columbia Business School and Colgate University
Downloads 8 (542,881)
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Deposit Insurance: Theories and Facts

Annual Review of Financial Economics, Vol. 8, pp. 97-120, 2016
Posted: 18 Nov 2016
Charles W. Calomiris and Matthew Jaremski
Columbia University - Columbia Business School and Colgate University

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How Collateral Laws Shape Lending and Sectoral Activity

Forthcoming, Journal of Financial Economics
Number of pages: 60 Posted: 09 Nov 2014 Last Revised: 17 Oct 2016
Columbia University - Columbia Business School, Columbia University, Northwestern University - Kellogg School of Management and Queen Mary University of London
Downloads 262 (99,076)

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How Collateral Laws Shape Lending and Sectoral Activity

NBER Working Paper No. w21911
Number of pages: 60 Posted: 25 Jan 2016 Last Revised: 14 Apr 2016
Columbia University - Columbia Business School, Columbia University, Northwestern University - Kellogg School of Management and Queen Mary University of London
Downloads 10 (531,806)
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14.

Bank Failures in Theory and History: The Great Depression and Other "Contagious" Events

NBER Working Paper No. w13597
Number of pages: 30 Posted: 14 Nov 2007
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 201 (124,064)
Citation 3

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Crisis-Related Shifts in the Market Valuation of Banking Activities

Columbia Business School Research Paper No. 13-31
Number of pages: 61 Posted: 18 Apr 2013
Charles W. Calomiris and Doron Nissim
Columbia University - Columbia Business School and Columbia University - Columbia Business School
Downloads 167 (153,804)

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bank holding companies, valuation, financial crisis

Crisis-Related Shifts in the Market Valuation of Banking Activities

NBER Working Paper No. w17868
Number of pages: 53 Posted: 24 Feb 2012
Charles W. Calomiris and Doron Nissim
Columbia University - Columbia Business School and Columbia University - Columbia Business School
Downloads 25 (444,788)

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16.

A Globalist Manifesto for Public Policy

IEA Research Paper No. OP124
Number of pages: 80 Posted: 31 May 2007
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 172 (118,495)
Citation 2

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globalisation, free trade, economic growth, institutions

Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s

FEDS Working Paper No. 2014-08
Number of pages: 62 Posted: 06 Feb 2014
Charles W. Calomiris and Mark A. Carlson
Columbia University - Columbia Business School and Board of Governors of the Federal Reserve System
Downloads 81 (265,369)

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Manager ownership, corporate governance, rent seeking, risk preferences, bank failures, risk shifting, adverse selection

Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s

Number of pages: 61 Posted: 14 Jan 2014
Charles W. Calomiris and Mark A. Carlson
Columbia University - Columbia Business School and Board of Governors of the Federal Reserve System
Downloads 68 (294,072)

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Manager ownership, corporate governance, rent seeking, risk preferences, bank failures, risk shifting, adverse selection

Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s

NBER Working Paper No. w19806
Number of pages: 62 Posted: 17 Jan 2014
Charles W. Calomiris and Mark A. Carlson
Columbia University - Columbia Business School and Board of Governors of the Federal Reserve System
Downloads 6 (553,535)

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Stealing Deposits: Deposit Insurance, Risk-Taking and the Removal of Market Discipline in Early 20th Century Banks

Columbia Business School Research Paper No. 16-24
Number of pages: 104 Posted: 03 Mar 2016 Last Revised: 07 Dec 2017
Charles W. Calomiris and Matthew Jaremski
Columbia University - Columbia Business School and Colgate University
Downloads 134 (185,367)

Abstract:

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Deposit insurance, moral hazard, bank risk, and market discipline

Stealing Deposits: Deposit Insurance, Risk-Taking and the Removal of Market Discipline in Early 20th Century Banks

NBER Working Paper No. w22692
Number of pages: 62 Posted: 03 Oct 2016
Charles W. Calomiris and Matthew Jaremski
Columbia University - Columbia Business School and Colgate University
Downloads 9 (537,346)
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19.

Government Credit Policy and Industrial Performance (Japanese Machine Tool Producers, 1963-91)

World Bank Policy Research Working Paper No. 1434
Number of pages: 68 Posted: 20 Apr 2016
Charles P. Himmelberg and Charles W. Calomiris
Goldman, Sachs & Co. and Columbia University - Columbia Business School
Downloads 125 (188,264)
Citation 4

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20.

How to Restructure Failed Banking Systems: Lessons from the U.S. In the 1930's and Japan in the 1990's

NBER Working Paper No. w9624
Number of pages: 64 Posted: 19 Apr 2003 Last Revised: 02 Oct 2009
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 122 (187,128)
Citation 6

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21.

Activity-Based Valuation of Bank Holding Companies

NBER Working Paper No. w12918
Number of pages: 64 Posted: 23 Feb 2007 Last Revised: 08 Apr 2008
Charles W. Calomiris and Doron Nissim
Columbia University - Columbia Business School and Columbia University - Columbia Business School
Downloads 120 (175,345)
Citation 6

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Resolving the Puzzle of the Underissuance of National Bank Notes

FRB Philadelphia Working Paper No. 05-19
Number of pages: 61 Posted: 13 Oct 2005
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 65 (301,402)
Citation 3

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Resolving the Puzzle of the Underissuance of National Bank Notes

NBER Working Paper No. w10951
Number of pages: 53 Posted: 19 Dec 2004 Last Revised: 08 Apr 2008
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 37 (389,208)
Citation 3

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23.

The Economics of the Proposed Mortgage Servicer Settlement

Number of pages: 31 Posted: 10 May 2011
Charles W. Calomiris, Eric James Higgins and Joseph R. Mason
Columbia University - Columbia Business School, Kansas State University - College of Business Administration and Louisiana State University - Ourso School of Business
Downloads 101 (212,022)

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Political Foundations of the Lender of Last Resort: A Global Historical Narrative

Columbia Business School Research Paper No. 16-51
Number of pages: 76 Posted: 27 Jul 2016
Charles W. Calomiris, Marc Flandreau and Luc Laeven
Columbia University - Columbia Business School, Centre for Economic Policy Research (CEPR) and European Central Bank (ECB)
Downloads 96 (237,770)

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Lender of last resort, financial crises, bank runs, central banks

Political Foundations of the Lender of Last Resort: A Global Historical Narrative

CEPR Discussion Paper No. DP11448
Number of pages: 79 Posted: 22 Aug 2016
Charles W. Calomiris, Marc Flandreau and Luc Laeven
Columbia University - Columbia Business School, Centre for Economic Policy Research (CEPR) and European Central Bank (ECB)
Downloads 3 (570,197)
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bank runs, central banks, economic history, Financial crises, lender of last resort

25.

Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999

NBER Working Paper No. w7715
Number of pages: 49 Posted: 12 Jun 2000 Last Revised: 18 Oct 2010
Charles W. Calomiris and Andrew Powell
Columbia University - Columbia Business School and Universidad Torcuato Di Tella - School of Business
Downloads 95 (237,814)
Citation 48

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26.

Bank Capital and Portfolio Management: the 1930's Capital Crunch and Scramble to Shed Risk

NBER Working Paper No. w6649
Number of pages: 52 Posted: 04 Sep 1998 Last Revised: 10 Oct 2010
Charles W. Calomiris and Berry K. Wilson
Columbia University - Columbia Business School and Pace University - Department of Finance and Economics
Downloads 87 (234,452)
Citation 30

Abstract:

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27.

Banking Crises and the Rules of the Game

NBER Working Paper No. w15403
Number of pages: 72 Posted: 05 Oct 2009 Last Revised: 05 Aug 2010
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 81 (251,633)
Citation 11

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The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares

Number of pages: 56 Posted: 01 Jan 2012
Charles W. Calomiris, Stanley D. Longhofer and William Miles
Columbia University - Columbia Business School, Wichita State University - W. Frank Barton School of Business and Wichita State University - W. Frank Barton School of Business
Downloads 60 (314,391)
Citation 1

Abstract:

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Housing wealth effect

The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares

NBER Working Paper No. w17740
Number of pages: 57 Posted: 14 Jan 2012
Charles W. Calomiris, Stanley D. Longhofer and William Miles
Columbia University - Columbia Business School, Wichita State University - W. Frank Barton School of Business and Wichita State University - Department of Economics
Downloads 20 (473,576)
Citation 1

Abstract:

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29.

Causes of U.S. Bank Distress During the Depression

NBER Working Paper No. w7919
Number of pages: 67 Posted: 28 Sep 2000 Last Revised: 19 Oct 2010
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 76 (249,852)
Citation 72

Abstract:

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30.

Commercial Paper, Corporate Finance, and the Business Cycle: A Microeconomic Perspective

NBER Working Paper No. w4848
Number of pages: 60 Posted: 25 Jul 2000
Charles W. Calomiris, Charles P. Himmelberg and Paul Wachtel
Columbia University - Columbia Business School, Goldman, Sachs & Co. and New York University - Stern School of Business
Downloads 75 (246,356)
Citation 65

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31.

How Does Credit Supply Respond to Monetary Policy and Bank Minimum Capital Requirements?

Bank of England Working Paper No. 508
Number of pages: 43 Posted: 11 Sep 2014
Shekhar S. Aiyar, Charles W. Calomiris and Tomasz Wieladek
International Monetary Fund (IMF), Columbia University - Columbia Business School and Bank of England
Downloads 69 (190,584)

Abstract:

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loan supply, capital requirements, monetary policy, macroprudential regulation

32.

Devaluation with Contract Redenomination in Argentina

NBER Working Paper No. w12644
Number of pages: 64 Posted: 20 Nov 2006
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 68 (290,756)
Citation 1

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33.

The (Mythical?) Housing Wealth Effect

NBER Working Paper No. w15075
Number of pages: 31 Posted: 16 Jun 2009
Charles W. Calomiris, Stanley D. Longhofer and William Miles
Columbia University - Columbia Business School, Wichita State University - W. Frank Barton School of Business and Wichita State University - Department of Economics
Downloads 66 (295,351)
Citation 11

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Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System

Office of Financial Research Working Paper No. 15-05, Columbia Business School Research Paper No. 15-75
Number of pages: 61 Posted: 22 Aug 2015
Charles W. Calomiris, Matthew Jaremski, Haelim Park and Gary Richardson
Columbia University - Columbia Business School, Colgate University, Government of the United States of America - Office of Financial Research and University of California at Irvine
Downloads 46 (356,648)

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Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System

FRB Richmond Working Paper No. 16-6
Number of pages: 59 Posted: 07 Jul 2016
Charles W. Calomiris, Matthew Jaremski, Haelim Park and Gary Richardson
Columbia University - Columbia Business School, Colgate University, Government of the United States of America - Office of Financial Research and University of California at Irvine
Downloads 14 (508,705)

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Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System

NBER Working Paper No. w21684
Number of pages: 56 Posted: 02 Nov 2015
Charles W. Calomiris, Matthew Jaremski, Haelim Park and Gary Richardson
Columbia University - Columbia Business School, Colgate University, Government of the United States of America - Office of Financial Research and University of California at Irvine
Downloads 4 (564,085)
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35.

Does Macropru Leak? Evidence from a UK Policy Experiment

Bank of England Working Paper No. 445
Number of pages: 45 Posted: 27 Jan 2012
Shekhar S. Aiyar, Charles W. Calomiris and Tomasz Wieladek
International Monetary Fund (IMF), Columbia University - Columbia Business School and Bank of England
Downloads 64 (271,016)
Citation 7

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Macroprudential regulation, credit cycles, regulatory arbitrage, transmission mechanism, bank lending, instrumental variables

36.

Relationship Banking and the Pricing of Financial Services

NBER Working Paper No. w12622
Number of pages: 73 Posted: 27 Oct 2006
Charles W. Calomiris and Thanavut Pornrojnangkool
Columbia University - Columbia Business School and World Bank
Downloads 63 (281,651)
Citation 9

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37.

Corporate-Finance Benefits from Universal Banking: Germany and the United States, 1870-1914

NBER Working Paper No. w4408
Number of pages: 26 Posted: 29 Dec 2006 Last Revised: 20 Jul 2010
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 62 (305,074)
Citation 5

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Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic

NBER Working Paper No. w4934
Number of pages: 41 Posted: 01 Aug 2000
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 62 (308,974)
Citation 77

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Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic

American Economic Review, December 1997
Posted: 09 Mar 1998
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business

Abstract:

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39.

Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System

Columbia Business School Research Paper No. 15-20
Number of pages: 55 Posted: 11 Feb 2015 Last Revised: 18 Oct 2015
Charles W. Calomiris, Matthew Jaremski, Haelim Park and Gary Richardson
Columbia University - Columbia Business School, Colgate University, Government of the United States of America - Office of Financial Research and University of California at Irvine
Downloads 60 (255,300)

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Fed member banks, bank networks, liquidity risk

Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach

Federal Reserve Bank of St. Louis Working Paper No. 2011-002A
Number of pages: 53 Posted: 10 Jan 2011
Charles W. Calomiris, Joseph R. Mason and David C. Wheelock
Columbia University - Columbia Business School, Louisiana State University - Ourso School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 45 (359,955)
Citation 3

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reserve requirements, reserve demand, excess reserves, money multiplier

Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach

NBER Working Paper No. w16688
Number of pages: 53 Posted: 18 Jan 2011
Charles W. Calomiris, Joseph R. Mason and David C. Wheelock
Columbia University - Columbia Business School, Louisiana State University - Ourso School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 15 (502,773)
Citation 3

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41.

Firm Heterogeneity, Internal Finance, and `Credit Rationing'

NBER Working Paper No. w2497
Number of pages: 32 Posted: 23 Apr 2004
Charles W. Calomiris and R. Glenn Hubbard
Columbia University - Columbia Business School and Columbia Business School - Finance and Economics
Downloads 58 (283,904)
Citation 97

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42.

Firm Stock Returns' Sensitivities to Crisis Shocks

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 37 Posted: 17 Aug 2011
Maria Soledad Martinez Peria, Charles W. Calomiris and Inessa Love
International Monetary Fund (IMF), Columbia University - Columbia Business School and World Bank - Development Economics Data Group (DECDG)
Downloads 53 (307,676)

Abstract:

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stock returns, crisis

43.

Financing the American Corporation: The Changing Menu of Financial Rela-Tionships

NBER Working Paper No. h0079
Number of pages: 65 Posted: 08 Mar 2000 Last Revised: 21 Sep 2010
Charles W. Calomiris and Carlos D. Ramirez
Columbia University - Columbia Business School and George Mason University - Department of Economics
Downloads 52 (312,801)
Citation 4

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44.

Monopoly-Creating Bank Consolidation? The Merger of Fleet and Bankboston

NBER Working Paper No. w11351
Number of pages: 37 Posted: 20 Jun 2005
Charles W. Calomiris and Thanavut Pornrojnangkool
Columbia University - Columbia Business School and World Bank
Downloads 48 (344,384)
Citation 4

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45.

Profiting from Government Stakes in a Command Economy: Evidence from Chinese Asset Sales

NBER Working Paper No. w13774
Number of pages: 28 Posted: 08 Feb 2008 Last Revised: 22 Aug 2010
Charles W. Calomiris, Raymond J. Fisman and Yongxiang Wang
Columbia University - Columbia Business School, National Bureau of Economic Research (NBER) and University of Southern California - Marshall School of Business
Downloads 46 (302,566)
Citation 16

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Identifying Channels of Credit Substitution When Bank Capital Requirements are Varied

Bank of England Working Paper No. 485
Number of pages: 42 Posted: 02 Feb 2014
Shekhar S. Aiyar, Charles W. Calomiris and Tomasz Wieladek
International Monetary Fund (IMF), Columbia University - Columbia Business School and Bank of England
Downloads 41 (374,010)

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Macroprudential regulation, credit substitution, leakages

Identifying Channels of Credit Substitution When Bank Capital Requirements are Varied

Economic Policy, Vol. 29, Issue 77, pp. 45-77, 2014
Number of pages: 33 Posted: 11 Mar 2014
Shekhar S. Aiyar, Charles W. Calomiris and Tomasz Wieladek
International Monetary Fund (IMF), Columbia University - Columbia Business School and Bank of England
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47.

Historical Macroeconomics and American Macroeconomic History

NBER Working Paper No. w4935
Number of pages: 84 Posted: 05 Sep 2000
Charles W. Calomiris and Christopher Hanes
Columbia University - Columbia Business School and State University of New York (SUNY) - Binghamton University - Department of Economics
Downloads 40 (338,340)
Citation 3

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Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936-1937

NBER Working Paper No. w4288
Number of pages: 52 Posted: 28 May 2004 Last Revised: 21 Sep 2010
Charles W. Calomiris and R. Glenn Hubbard
Columbia University - Columbia Business School and Columbia Business School - Finance and Economics
Downloads 40 (377,770)
Citation 38

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Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936-1937

JOURNAL OF BUSINESS, Vol 68 No 4, October 1995
Posted: 10 Oct 1998
Charles W. Calomiris and R. Glenn Hubbard
Columbia University - Columbia Business School and Columbia Business School - Finance and Economics

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49.

Comment on 'Implementing a Macroprudential Framework: Blending Boldness and Realism' (by Claudio Borio)

Capitalism and Society, Vol. 6, Issue 1, Article 4, 2011
Number of pages: 9 Posted: 29 Jan 2013
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 35 (344,384)

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50.

International Adjustment Under the Classical Gold Standard: Evidence for the U.S. And Britain, 1879-1914

NBER Working Paper No. w2206
Number of pages: 53 Posted: 02 Jul 2007
Charles W. Calomiris and R. Glenn Hubbard
Columbia University - Columbia Business School and Columbia Business School - Finance and Economics
Downloads 34 (392,402)
Citation 7

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51.

Growing in Debt: the 'Farm Crisis' and Public Policy

NBER Working Paper No. w2085
Number of pages: 62 Posted: 03 May 2004 Last Revised: 14 Sep 2010
Charles W. Calomiris, R. Glenn Hubbard and James H. Stock
Columbia University - Columbia Business School, Columbia Business School - Finance and Economics and Harvard University - Department of Economics
Downloads 34 (366,775)
Citation 6

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52.

Is the Discount Window Necessary? A Penn-Central Perspective

NBER Working Paper No. w4573
Number of pages: 48 Posted: 26 Jul 2000
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 34 (377,322)
Citation 16

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53.

The Efficiency of Self-Regulated Payments Systems: Learning from the Suffolk System

NBER Working Paper No. w5442
Number of pages: 50 Posted: 21 Jun 2000 Last Revised: 08 Apr 2008
Charles W. Calomiris and Charles M. Kahn
Columbia University - Columbia Business School and University of Illinois, Urbana-Champaign
Downloads 33 (366,775)
Citation 19

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Leverage as a State Variable for Employment, Inventory Accumulation, Andfixed Investment

NBER Working Paper No. w4800
Number of pages: 36 Posted: 29 Dec 2003 Last Revised: 17 Aug 2010
Charles W. Calomiris, Athanasios Orphanides and Steven A. Sharpe
Columbia University - Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Board - Research & Statistics
Downloads 33 (405,752)
Citation 9

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Leverage as a State Variable for Employment, Inventory Accumulation, and Fixed Investment

Posted: 20 Dec 1998
Charles W. Calomiris, Athanasios Orphanides and Steven A. Sharpe
Columbia University - Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Board - Research & Statistics

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55.

Greenback Resumption and Silver Risk: The Economics and Politics of Monetary Regime Change in the United States, 1862-1900

NBER Working Paper No. w4166
Number of pages: 55 Posted: 03 May 2004 Last Revised: 28 Mar 2010
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 31 (373,875)
Citation 9

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56.

Incentive-Robust Financial Reform

Cato Journal, Vol. 31, No. 3, 2011, Columbia Business School Research Paper No. 13-30
Number of pages: 30 Posted: 16 Apr 2013
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 28 (396,333)
Citation 2

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financial crisis of 2008, banking regulation, banking crisis, mortgage crisis, housing bubble, federal reserve policy, monetary policy

57.

Price Flexibility, Credit Rationing, and Economic Fluctuations: Evidence from the U.S., 1879-1914

NBER Working Paper No. w1767
Number of pages: 51 Posted: 25 Jun 2004 Last Revised: 08 Apr 2008
Charles W. Calomiris and R. Glenn Hubbard
Columbia University - Columbia Business School and Columbia Business School - Finance and Economics
Downloads 25 (404,430)
Citation 2

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58.

Crisis "Shock Factors" and the Cross-Section of Global Equity Returns

NBER Working Paper No. w16559
Number of pages: 40 Posted: 22 Nov 2010 Last Revised: 30 Nov 2010
Charles W. Calomiris, Inessa Love and Maria Soledad Martinez Peria
Columbia University - Columbia Business School, World Bank - Development Economics Data Group (DECDG) and International Monetary Fund (IMF)
Downloads 24 (417,668)
Citation 5

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59.

Was the Great Depression a Watershed for American Monetary Policy?

NBER Working Paper No. w5963
Number of pages: 70 Posted: 11 Jun 2000 Last Revised: 14 Sep 2013
Charles W. Calomiris and David C. Wheelock
Columbia University - Columbia Business School and Federal Reserve Bank of St. Louis - Research Division
Downloads 23 (408,726)
Citation 13

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60.

The International Transmission of Bank Capital Requirements: Evidence from the United Kingdom

Bank of England Working Paper No. 497
Number of pages: 39 Posted: 24 Apr 2014
International Monetary Fund (IMF), Columbia University - Columbia Business School, Bank of England, Bank of England and Bank of England
Downloads 22 (408,726)

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Cross-border lending, loan supply, capital requirements, international transmission.

61.

Does Macro-Pru Leak? Evidence from a UK Policy Experiment

NBER Working Paper No. w17822
Number of pages: 54 Posted: 11 Feb 2012 Last Revised: 29 Feb 2012
Shekhar S. Aiyar, Charles W. Calomiris and Tomasz Wieladek
International Monetary Fund (IMF), Columbia University - Columbia Business School and Bank of England
Downloads 17 (437,053)
Citation 10

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62.

National Bank Examinations and Operations in the Early 1890s

FEDS Working Paper No. 2014-19, Columbia Business School Research Paper No. 14-14
Number of pages: 46 Posted: 07 Mar 2014
Charles W. Calomiris and Mark A. Carlson
Columbia University - Columbia Business School and Board of Governors of the Federal Reserve System
Downloads 15 (442,220)

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63.

Betting on Secession: Quantifying Political Events Surrounding Slavery and the Civil War

NBER Working Paper No. w19625
Number of pages: 49 Posted: 09 Nov 2013
Charles W. Calomiris and Jonathan B. Pritchett
Columbia University - Columbia Business School and Tulane University - Finance & Economics
Downloads 11 (484,038)

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64.

Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market

NBER Working Paper No. w14281
Number of pages: 56 Posted: 01 Sep 2008
Charles W. Calomiris and Jonathan B. Pritchett
Columbia University - Columbia Business School and Tulane University - Finance & Economics
Downloads 9 (484,038)

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65.

Seven Ways to Deal with a Financial Crisis: Cross‐Country Experience and Policy Implications

Journal of Applied Corporate Finance, Vol. 24, Issue 4, pp. 8-22, 2012
Number of pages: 17 Posted: 26 Dec 2012
Charles W. Calomiris, Daniela Klingebiel and Luc Laeven
Columbia University - Columbia Business School, World Bank - Policy Unit and European Central Bank (ECB)
Downloads 4 (533,962)
Citation 1
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66.

The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s

NBER Working Paper No. w18427
Number of pages: 58 Posted: 29 Sep 2012 Last Revised: 04 Oct 2012
Columbia University - Columbia Business School, Louisiana State University - Ourso School of Business, Claremont McKenna College - Robert Day School of Economics and Finance and Harvard Business School
Downloads 4 (514,976)

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67.

Reforming Banks Without Destroying Their Productivity and Value

Journal of Applied Corporate Finance, Vol. 25, Issue 4, pp. 14-20, 2013
Number of pages: 9 Posted: 23 Dec 2013
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 3 (543,966)
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68.

Getting the Right Mix of Capital and Cash Requirements in Prudential Bank Regulation

Journal of Applied Corporate Finance, Vol. 24, Issue 1, pp. 33-41, 2012
Number of pages: 11 Posted: 25 Mar 2012
Charles W. Calomiris
Columbia University - Columbia Business School
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69.

An Incentive‐Robust Programme for Financial Reform

The Manchester School, Vol. 79, pp. 39-72, 2011
Number of pages: 34 Posted: 02 Sep 2011
Charles W. Calomiris
Columbia University - Columbia Business School
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Citation 3
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70.

CARE/CEASA Roundtable on: Liquidity and Capital Management

Journal of Applied Corporate Finance, Vol. 24, Issue 1, pp. 42-59, 2012
Number of pages: 20 Posted: 25 Mar 2012
Charles W. Calomiris, Murillo Campello, Mark H. Lang and Florin P. Vasvari
Columbia University - Columbia Business School, Cornell University - Samuel Curtis Johnson Graduate School of Management, University of North Carolina at Chapel Hill and London Business School
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71.

A Look Back at Merton Miller's 'Financial Markets and Economic Growth'

Journal of Applied Corporate Finance, Vol. 24, Issue 1, pp. 14-16, 2012
Number of pages: 5 Posted: 25 Mar 2012
Charles W. Calomiris
Columbia University - Columbia Business School
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72.

Reforming the Rules that Govern the Fed

Columbia Business School Research Paper No. 17-41
Number of pages: 38 Posted: 06 Apr 2017 Last Revised: 12 Apr 2017
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 0 (427,115)

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price stability, central banking, Fed governance

73.

How News and Its Context Drive Risk and Returns around the World

Columbia Business School Research Paper No. 17-40
Number of pages: 85 Posted: 05 Apr 2017
Charles W. Calomiris and Harry Mamaysky
Columbia University - Columbia Business School and Columbia University - Columbia Business School
Downloads 0 (67,192)

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Empirical Asset Pricing, International Markets, Financial News Media, Natural Language Processing

74.

Rediscovering Macro-Prudential Regulation: The National Banking Era from the Perspective of 2015

Columbia Business School Research Paper No. 17-28
Number of pages: 66 Posted: 21 Feb 2017
Charles W. Calomiris and Mark A. Carlson
Columbia University - Columbia Business School and Board of Governors of the Federal Reserve System
Downloads 0 (366,775)

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Bank examinations, bank regulation, national banks, market discipline

75.

Taming the Two 800 Pound Gorillas in the Room

Columbia Business School Research Paper No. 17-20
Number of pages: 29 Posted: 02 Feb 2017
Charles W. Calomiris
Columbia University - Columbia Business School
Downloads 0 (209,352)

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Safety nets, banking crises, deposit insurance, housing finance subsidization, moral hazard

76.

Which Creditors’ Rights Drive Financial Deepening and Economic Development?

Journal of Applied Corporate Finance, Vol. 28, Issue 4, pp. 53-59, 2016
Number of pages: 9 Posted: 20 Jan 2017
Columbia University - Columbia Business School, Columbia University, Northwestern University - Kellogg School of Management and Queen Mary University of London
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77.

Mortgage Market Credit Conditions and U.S. Presidential Elections

Columbia Business School Research Paper No. 16-43
Number of pages: 50 Posted: 16 Jun 2016
Alexis Antoniades and Charles W. Calomiris
Georgetown University School of Foreign Service in Qatar and Columbia University - Columbia Business School
Downloads 0 (307,676)

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mortgage credit supply, voting, Presidential elections

78.

Bank Capital Regulation: Theory, Empirics, and Policy

IMF Economic Review, Vol. 63, Issue 4, pp. 955-983, 2015
Number of pages: 29 Posted: 28 Jan 2016
Shekhar S. Aiyar, Charles W. Calomiris and Tomasz Wieladek
International Monetary Fund (IMF), Columbia University - Columbia Business School and Bank of England
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79.

Interbank Networks in the National Banking Era: Their Purpose and Their Role in the Panic of 1893

BIS Working Paper No. 535
Number of pages: 47 Posted: 15 Jan 2016
Charles W. Calomiris and Mark A. Carlson
Columbia University - Columbia Business School and Board of Governors of the Federal Reserve System
Downloads 0 (300,168)

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interbank networks, correspondent banking, banking panics, contagion, National Banking Era

80.

The Foreclosure–House Price Nexus: A Panel VAR Model for U.S. States, 1981–2009

Real Estate Economics, Vol. 41, Issue 4, pp. 709-746, 2013
Number of pages: 38 Posted: 17 Dec 2013
Charles W. Calomiris, Stanley D. Longhofer and William Miles
Columbia University - Columbia Business School, Wichita State University - W. Frank Barton School of Business and Wichita State University - W. Frank Barton School of Business
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Citation 2
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81.

How to Design a Contingent Convertible Debt Requirement that Helps Solve Our Too‐Big‐To‐Fail Problem

Journal of Applied Corporate Finance, Vol. 25, Issue 2, pp. 39-62, 2013
Number of pages: 26 Posted: 13 Sep 2013
Charles W. Calomiris and Richard J. Herring
Columbia University - Columbia Business School and University of Pennsylvania - Finance Department
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Citation 1
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82.

The Foreclosures-House Price Nexus: A Panel VAR Model for U.S. States, 1981-2009

Real Estate Economics, Forthcoming
Posted: 16 May 2012
Charles W. Calomiris, Stanley D. Longhofer and William Miles
Columbia University - Columbia Business School, Wichita State University - W. Frank Barton School of Business and Wichita State University - W. Frank Barton School of Business

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Foreclosures, House Prices, Panel VAR