Caroline Fohlin

Emory University

Professor of Economics

Dept. of Economics

Atlanta, GA Georgia 30322

United States

http://https://scholar.google.com/citations?user=Ma08bxEAAAAJ&hl=en

Centre for Economic Policy Research (CEPR)

London

United Kingdom

  • Emory University

  • Centre for Economic Policy Research (CEPR)

SCHOLARLY PAPERS

22

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10,530

CITATIONS
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60

Scholarly Papers (22)

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1.

Banking Industry Structure, Competition, and Performance: Does Universality Matter?

California Institute of Technology Social Science Working Paper No. 1078
Number of pages: 47 Posted: 13 Dec 2000
Caroline Fohlin
Emory University
Downloads 2,170 (6,152)
Citation 6

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Financial institutions, universal banking, financial system design, competition, concentration, banking industry atructure, profitability, return on assets

2.

Economic, Political, and Legal Factors in Financial System Development: International Patterns in Historical Perspective

Social Science Working Paper No. 1089
Number of pages: 37 Posted: 09 May 2001
Caroline Fohlin
Emory University
Downloads 1,456 (11,957)
Citation 14

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Financial system design, universal banking, economic growth, legal tradition, political centralization

3.

IPO Underpricing in Two Universes: Berlin, 1882-1892, and New York, 1998-2000

Caltech Social Science Working Paper No. 1088
Number of pages: 47 Posted: 20 Mar 2001
Caroline Fohlin
Emory University
Downloads 1,146 (17,374)
Citation 4

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IPO, underpricing, underwriter reputation

4.

A Brief History of Investment Banking from Medieval Times to the Present

Oxford Handbook of Banking and Financial History, Edited by Youssef Cassis, Catherine Schenk, and Richard Grossman, 2016
Number of pages: 40 Posted: 16 Nov 2014 Last Revised: 09 Aug 2016
Caroline Fohlin
Emory University
Downloads 906 (24,633)
Citation 1

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Investment banking, merchant bank, universal banking, law and finance

5.

Liquidity and Competition in Unregulated Markets: The New York Stock Exchange Before the SEC

Number of pages: 50 Posted: 24 Feb 2009
Caroline Fohlin, Thomas Gehrig and Tobias Brünner
Emory University, University of Vienna - Faculty of Business, Economics, and Statistics and University of Freiburg
Downloads 514 (52,734)
Citation 2

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6.

Rumors and Runs in Opaque Markets: Evidence from the Panic of 1907

Downloads 490 ( 56,015)
Citation 8

Rumors and Runs in Opaque Markets: Evidence from the Panic of 1907

Number of pages: 54 Posted: 08 Apr 2015 Last Revised: 08 Aug 2016
Caroline Fohlin, Thomas Gehrig and Marlene Haas
Emory University, University of Vienna - Faculty of Business, Economics, and Statistics and Independent
Downloads 490 (55,393)
Citation 12

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Microstructure, Panic, Information Asymmetry, Funding Illiquidity, Market Illiquidity, Fire Sales, Price Discovery

Rumors and Runs in Opaque Markets: Evidence from the Panic of 1907

CEPR Discussion Paper No. DP10497
Number of pages: 46 Posted: 24 Mar 2015
Caroline Fohlin, Thomas Gehrig and Marlene Haas
Emory University, University of Vienna - Faculty of Business, Economics, and Statistics and Independent
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information risk, liquidity risk, price discovery, rumour-based panic

7.

Relationship Banking, Liquidity, and Investment in the German Industrialization

Downloads 471 ( 58,907)

Relationship Banking, Liquidity, and Investment in the German Industrialization

Number of pages: 36 Posted: 13 Nov 1998
Caroline Fohlin
Emory University
Downloads 471 (58,279)
Citation 20

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Relationship Banking, Liquidity, and Investment in the German Industrialization

Journal of Finance, Vol. 53, No. 1737-1758, October 1998
Posted: 21 Dec 1998
Caroline Fohlin
Emory University

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8.

Trading Costs in Early Securities Markets: The Case of the Berlin Stock Exchange 1880-1910

Downloads 468 ( 59,355)
Citation 5

Trading Costs in Early Securities Markets: The Case of the Berlin Stock Exchange 1880-1910

Number of pages: 40 Posted: 19 Sep 2006
Thomas Gehrig and Caroline Fohlin
University of Vienna - Faculty of Business, Economics, and Statistics and Emory University
Downloads 430 (65,157)
Citation 4

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price discovery, effective spreads, market microstructure

Trading Costs in Early Securities Markets: The Case of the Berlin Stock Exchange, 1880-1910

CEPR Discussion Paper No. 5827
Number of pages: 40 Posted: 10 Nov 2006
Caroline Fohlin and Thomas Gehrig
Emory University and University of Vienna - Faculty of Business, Economics, and Statistics
Downloads 38 (436,121)
Citation 5
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Price discovery, effective spreads, market microstructure

9.

Regulation, Taxation, and the Development of the German Universal Banking System, 1884-1913

Downloads 411 ( 69,500)
Citation 10

Regulation, Taxation, and the Development of the German Universal Banking System, 1884-1913

Caltech Social Science Working Paper 1065R
Number of pages: 42 Posted: 08 Jul 2001
Caroline Fohlin
Emory University
Downloads 411 (68,870)
Citation 10

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Stock market, taxes, regulation, universal banking, concentration

Regulation, Taxation, and the Development of the German Universal Banking System, 1884-1913

Forthcoming in European Review of Economic History
Posted: 13 Aug 2001
Caroline Fohlin
Emory University

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Stock Market, Taxes, Regulation, Universal Banking, Concentration

10.

'Shooting the Messenger?' The Impact of Short Sale Bans in Times of Crisis

Number of pages: 35 Posted: 27 Apr 2010 Last Revised: 31 Oct 2010
Ian Appel and Caroline Fohlin
Boston College - Carroll School of Management and Emory University
Downloads 379 (76,421)
Citation 7

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short selling ban, liquidity, volatility

11.

Has the Cross-Section of Average Returns Always Been the Same? Evidence from Germany, 1881-1913

Caltech Social Science Working Paper No. 1084
Number of pages: 29 Posted: 05 Apr 2001
Peter Bossaerts and Caroline Fohlin
University of Melbourne - Department of Finance and Emory University
Downloads 333 (88,707)
Citation 4

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Common stock returns, beta, momentum portfolio, selection bias

12.

How Important Historically Were Financial Systems for Growth in the U.K., U.S., Germany, and Japan?

Number of pages: 55 Posted: 02 Nov 2010
Franklin Allen, Forrest Capie, Caroline Fohlin, Hideaki Miyajima, Richard Sylla, Yishay Yafeh and Geoffrey Wood
Imperial College London, Bank of England, Emory University, Waseda University - Graduate School of Commerce, New York University - Stern School of Business, Department of Economics, Hebrew University of Jerusalem - Jerusalem School of Business Administration and Cass Business School
Downloads 319 (93,065)
Citation 19

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13.

Financial Systems and Economic Development in Historical Perspective

Forthcoming in Handbook of Cliometrics, Springer Verlag.
Number of pages: 36 Posted: 17 Nov 2014
Caroline Fohlin
Emory University
Downloads 269 (111,776)

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Financial systems, law and finance, finance and growth

14.

Bank Relationships, Ownership Concentration, and Investment Patterns of Spanish Corporate Firms

Number of pages: 45 Posted: 19 Oct 2006
Caroline Fohlin and Félix J. López-Iturriaga
Emory University and University of Valladolid - Department of Financial Economics and Accounting
Downloads 259 (116,294)

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investment, cash-flow sensitivity, financing constraints, managerial overinvestment, bank relationships, ownership concentration, civil law tradition

15.

Mobilizing Money: How the World's Richest Nations Financed Industrial Growth

Caroline Fohlin, MOBILZING MONEY: HOW THE WORLD'S RICHEST NATIONS FINANCED INDUSTRIAL GROWTH, New York: Cambridge University Press (UFJ Monograph Prize), 2012
Number of pages: 33 Posted: 05 Aug 2010 Last Revised: 11 Mar 2012
Caroline Fohlin
Emory University
Downloads 252 (119,685)

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financial system design, economic growth, finance-led growth

16.

Creating Modern Venture Capital: Institutional Design and Performance in the Early Years

Number of pages: 43 Posted: 08 Jan 2013
Caroline Fohlin
Emory University
Downloads 200 (149,787)
Citation 2

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venture capital, Small Business Investment Companies (SBICs)

17.

How Anomalous are the Anomalies in Common Stock Returns? Fresh Evidence from Pre-World War I Germany

Number of pages: 69 Posted: 20 Oct 2006
Caroline Fohlin and Steffen Reinhold
Emory University and E.CA Economics
Downloads 132 (213,976)
Citation 1

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CAPM, size, value, momentum effects, stock market anomalies, relationship banking, Germany

18.

Rumors and Runs in Opaque Markets: Evidence from Panic of 1907

CESifo Working Paper Series No. 6048
Number of pages: 55 Posted: 11 Oct 2016
Caroline Fohlin, Thomas Gehrig and Marlene Haas
Emory University, University of Vienna - Faculty of Business, Economics, and Statistics and Independent
Downloads 119 (231,456)

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microstructure, panic, information asymmetry, funding illiquidity, market illiquidity, fire sales, price discovery

19.

The Venture Capital Divide: Germany and the United States in the Post-War Era

Number of pages: 65 Posted: 07 Oct 2016 Last Revised: 09 Oct 2016
Caroline Fohlin
Emory University
Downloads 114 (238,900)
Citation 2

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Venture Capital, Innovation, Technology, Financial Systems

20.

When 'No News' is Bad News: Complexity and Uncertainty in the Global Crisis of 1914

Number of pages: 52 Posted: 29 Nov 2016
Caroline Fohlin
Emory University
Downloads 73 (317,614)

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Financial Market Microstructure, Liquidity, Complexity, Uncertainty, Market Efficiency, Call Money Market, Liquidity Backstop, Financial Crisis, Central Bank Policy

21.

Competition in American Commercial Banking, 1888-1925

Number of pages: 53 Posted: 25 Jun 2014
Caroline Fohlin
Emory University
Downloads 49 (386,467)
Citation 1

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Commercial Banking, Bank Competition, Market Power, Profitability, ROA, ROE

22.

Does Civil Law Tradition and Universal Banking Crowd Out Securities Markets? Pre-World War I Germany as Counter-Example

Enterprise and Society, Vol. 8, Issue 3, pp. 602-641, 2007
Posted: 30 Jun 2008
Caroline Fohlin
Emory University

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