Mark A. Carlson

Board of Governors of the Federal Reserve System

Senior Economic Project Manager

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

36

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4,824

SSRN CITATIONS
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Top 3,882

in Total Papers Citations

87

CROSSREF CITATIONS

196

Scholarly Papers (36)

1.

A Brief History of the 1987 Stock Market Crash With a Discussion of the Federal Reserve Response

FEDS Working Paper No. 2007-13
Number of pages: 25 Posted: 26 Apr 2007
Mark A. Carlson
Board of Governors of the Federal Reserve System
Downloads 1,179 (17,674)
Citation 43

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lender of last resort, financial stability, Federal Reserve, stock market crash

2.

The Effects of Banking Competition on Growth and Financial Stability: Evidence from the National Banking Era

Number of pages: 69 Posted: 16 Jul 2018 Last Revised: 02 Feb 2020
Mark A. Carlson, Sergio Correia and Stephan Luck
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of New York
Downloads 439 (67,708)
Citation 5

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Banking, Banking Competition, Risk Taking, Credit Provision, Real Effects, Financial Crisis, Panic of 1893, Economic History, National Banking Era

Branch Banking, Bank Competition, and Financial Stability

FEDS Working Paper No. 2005-20
Number of pages: 55 Posted: 17 May 2005
Mark A. Carlson and Kris James Mitchener
Board of Governors of the Federal Reserve System and Santa Clara University - Leavey School of Business - Economics Department
Downloads 345 (89,234)
Citation 1

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Branching banking, bank consolidation, financial stability, great depression

Branch Banking, Bank Competition, and Financial Stability

NBER Working Paper No. w11291
Number of pages: 55 Posted: 03 Jun 2005
Mark A. Carlson and Kris James Mitchener
Board of Governors of the Federal Reserve System and Santa Clara University - Leavey School of Business - Economics Department
Downloads 76 (329,434)
Citation 1

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4.

Courage to Capital? A Model of the Effects of Rating Agencies on Sovereign Debt Roll-Over

Cowles Foundation Discussion Paper No. 1506
Number of pages: 25 Posted: 21 Apr 2005
Mark A. Carlson and Galina Hale
Board of Governors of the Federal Reserve System and Federal Reserve Bank of San Francisco
Downloads 319 (98,011)

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credit rating, rating agency, sovereign debt, global game

The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies

FEDS Working Paper No. 2014-102
Number of pages: 27 Posted: 10 Dec 2014
Board of Governors of the Federal Reserve System, Federal Reserve Board, U.S. Federal Reserve Board - Division of Monetary Affairs, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 155 (197,766)
Citation 12

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Financial stability, safe assets, money-like instruments, central bank policies

The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies

FEDS Working Paper No. 2014-102
Number of pages: 27 Posted: 31 May 2017
Board of Governors of the Federal Reserve System, Federal Reserve Board, U.S. Federal Reserve Board - Division of Monetary Affairs, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 80 (319,501)
Citation 3

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Financial stability, safe assets, money-like instruments, central bank policies

6.

Capital Ratios and Bank Lending: A Matched Bank Approach

Journal of Financial Intermediation, Vol. 22, No. 4, 2013
Number of pages: 47 Posted: 29 Jul 2011 Last Revised: 19 Dec 2013
Mark A. Carlson, Hui Shan and Missaka Warusawitharana
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 196 (160,711)
Citation 12

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Regulatory capital, bank capital, bank lending

Determinants and Repercussions of the Composition of Capital Inflows

FRB International Finance Discussion Paper No. 717
Number of pages: 50 Posted: 04 Mar 2002
Mark A. Carlson and Leonardo Hernández
Board of Governors of the Federal Reserve System and Banco Central de Chile
Downloads 130 (228,454)
Citation 1

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Capital Flows, Crisis, Contagion

Determinants and Repercussions of the Composition of Capital Inflows

IMF Working Paper No. 02/86
Number of pages: 50 Posted: 31 Jan 2006
Mark A. Carlson and Leonardo Hernández
Board of Governors of the Federal Reserve System and Banco Central de Chile
Downloads 51 (405,807)

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capital flows crisis contagion

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 93 (290,485)
Citation 4

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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 74 (334,608)

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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 9 (636,972)

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9.

Causes of Bank Suspension in the Panic of 1893

Board of Governors of the Federal Reserve System WP No. 2002-11
Number of pages: 36 Posted: 09 Feb 2003
Mark A. Carlson
Board of Governors of the Federal Reserve System
Downloads 154 (198,540)
Citation 9

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Bank runs, bank suspensions, Panic of 1893

10.

Are Branch Banks Better Survivors? Evidence from the Depression Era

FRB FEDS Discussion Paper No. 2001-51
Number of pages: 39 Posted: 16 Dec 2001
Mark A. Carlson
Board of Governors of the Federal Reserve System
Downloads 147 (206,361)

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Branch banking, great depression

11.

Why Do We Need Both Liquidity Regulations and a Lender of Last Resort? A Perspective from Federal Reserve Lending During the 2007-09 US Financial Crisis

BIS Working Paper No. 493
Number of pages: 33 Posted: 10 Mar 2015
Mark A. Carlson, Burcu Duygan-Bump and William R. Nelson
Board of Governors of the Federal Reserve System, Federal Reserve Board and Board of Governors of the Federal Reserve System
Downloads 139 (215,915)
Citation 3

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Lender of last resort, central banks, liquidity regulation, financial crises

12.

Lessons from the Historical Use of Reserve Requirements in the United States to Promote Bank Liquidity

FEDS Working Paper No. 2013-11
Number of pages: 34 Posted: 06 Apr 2013
Mark A. Carlson
Board of Governors of the Federal Reserve System
Downloads 131 (226,355)
Citation 19

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Reserve requirements, bank liquidity, lender of last resort, banking panic

13.

Distress in the Financial Sector and Economic Activity

FEDS Working Paper No. 2008-43
Number of pages: 24 Posted: 04 Nov 2010
Mark A. Carlson, Thomas B. King and Kurt F. Lewis
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago and Board of Governors of the Federal Reserve System
Downloads 117 (246,453)
Citation 3

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Bank Distress, Economic Activity, Financial Intermediation

Credit Availability and the Collapse of the Banking Sector in the 1930s

Number of pages: 47 Posted: 16 Sep 2011
Mark A. Carlson and Jonathan Rose
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Chicago
Downloads 49 (413,051)
Citation 1

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Great Depression, credit intermediation, distressed banks, credit availability

Credit Availability and the Collapse of the Banking Sector in the 1930s

FEDS Working Paper No. 2011-38
Number of pages: 48 Posted: 09 Nov 2011
Mark A. Carlson and Jonathan Rose
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Chicago
Downloads 43 (436,717)
Citation 7

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Great Depression, credit intermediation, distressed banks, credit availability

15.

The Lender of Last Resort: Lessons from the Fed's First 100 Years

FRB of St. Louis Working Paper No. 2012-056B
Number of pages: 50 Posted: 10 Nov 2012 Last Revised: 03 Mar 2013
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 90 (294,327)
Citation 2

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Federal Reserve, central banks, lender of last resort, banking panics, financial crises, discount window

Can a Bank Run Be Stopped? Government Guarantees and the Run on Continental Illinois

BIS Working Paper No. 554
Number of pages: 35 Posted: 08 Apr 2016
Mark A. Carlson and Jonathan Rose
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Chicago
Downloads 56 (388,334)

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bank runs, deposit insurance, deposit guarantee, financial crisis

Can a Bank Run Be Stopped? Government Guarantees and the Run on Continental Illinois

FEDS Working Paper No. 2016-3
Number of pages: 46 Posted: 04 Feb 2016
Mark A. Carlson and Jonathan Rose
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Chicago
Downloads 29 (503,023)

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Bank runs, deposit guarantee, deposit insurance, financial crisis

17.

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 79 (318,780)
Citation 1

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

Near-Money Premiums, Monetary Policy, and the Integration of Money Markets: Lessons from Deregulation

BIS Working Paper No. 581
Number of pages: 47 Posted: 15 Sep 2016
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 29 (503,023)

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money markets, deregulation, market integration, monetary policy, Eurodollars, Regulation Q

Near-Money Premiums, Monetary Policy, and the Integration of Money Markets: Lessons from Deregulation

FEDS Working Paper No. 2016-077
Number of pages: 43 Posted: 26 Sep 2016
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 23 (539,923)

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Deregulation, Eurodollars, Market integration, Monetary policy implementation, Money markets, Regulation Q

Near-Money Premiums, Monetary Policy, and the Integration of Money Markets: Lessons from Deregulation

FRB St. Louis Working Paper No. 2016-15
Number of pages: 45 Posted: 20 Jul 2016 Last Revised: 06 Mar 2019
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 16 (586,793)
Citation 1

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money markets, deregulation, market integration, monetary policy implementation, Eurodollars, Regulation Q

19.

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 62 (363,918)
Citation 3

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Bank examinations, bank regulation, national banks, market discipline

20.

Using Policy Intervention to Identify Financial Stress

FEDS Working Paper No. 2012-02
Number of pages: 24 Posted: 25 Jan 2012
Mark A. Carlson, Kurt F. Lewis and William R. Nelson
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 59 (372,944)
Citation 3

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Financial stress, financial markets, financial institutions

21.

Why Do We Need Both Liquidity Regulations and a Lender of Last Resort? A Perspective from Federal Reserve Lending During the 2007-09 U.S. Financial Crisis

FEDS Working Paper No. 2015-011, http://dx.doi.org/10.17016/FEDS.2015.011
Number of pages: 38 Posted: 06 Mar 2015
Mark A. Carlson, Burcu Duygan-Bump and William R. Nelson
Board of Governors of the Federal Reserve System, Federal Reserve Board and Board of Governors of the Federal Reserve System
Downloads 49 (405,927)
Citation 2

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Lender of last resort, central banks, financial crises, liquidity regulation

Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Systemic Risk?

FEDS Working Paper No. 2016-059
Number of pages: 48 Posted: 12 Aug 2016
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 35 (472,094)

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Federal Reserve System, Contagion, Systemic risk, Seasonal liquidity demand, Interbank networks, Banking panics, National Banking system

Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Congation Risk?

FRB St. Louis Working Paper No. 2016-12
Number of pages: 45 Posted: 22 Jun 2016 Last Revised: 05 Jan 2019
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 11 (622,556)

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Federal Reserve System, contagion, systemic risk, seasonal liquidity demand, interbank networks, banking panics, National Banking system

23.

Branch Banking as a Device for Discipline: Competition and Bank Survivorship During the Great Depression

NBER Working Paper No. w12938
Number of pages: 61 Posted: 24 Feb 2007 Last Revised: 30 Mar 2007
Mark A. Carlson and Kris James Mitchener
Board of Governors of the Federal Reserve System and Santa Clara University - Leavey School of Business - Economics Department
Downloads 42 (432,048)
Citation 3

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Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935-59

FEDS Working Paper No. 2014-44
Number of pages: 31 Posted: 29 Jun 2014
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 30 (497,586)

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Federal Reserve, monetary policy, reserve requirements, Fed-Treasury Accord, inflation

Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935-59

FRB of St. Louis Working Paper No. 2014-013A
Number of pages: 31 Posted: 12 Jun 2014
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 10 (629,785)

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Federal Reserve, monetary policy, reserve requirements, Fed-Treasury Accord, inflation

25.

Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Contagion Risk?

BIS Working Paper No. 598
Number of pages: 42 Posted: 22 Dec 2016
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 38 (448,494)

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Federal Reserve System, contagion, systemic risk, seasonal liquidity demand, interbank networks, banking panics, National Banking system

26.

Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve

FRB St. Louis Working Paper No. 2015-37
Number of pages: 9 Posted: 10 Nov 2015 Last Revised: 06 Mar 2019
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 37 (452,650)

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Federal Reserve, banking crises, banking panics, interbank market, correspondent banks, contagion, Great Depression

27.

Emergency Loans and Collateral Upgrades: How Broker-Dealers used Federal Reserve Credit during the 2008 Financial Crisis

Number of pages: 62 Posted: 28 Aug 2018 Last Revised: 13 Sep 2019
Mark A. Carlson and Marco Macchiavelli
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 32 (474,950)

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Financial Crisis, Lender of Last Resort, Repo, Collateral, Dealers

28.

Furnishing an 'Elastic Currency': The Founding of the Fed and the Liquidity of the U.S. Banking System

Review, Vol. 100, Issue 1, pp. 17-44, 2018
Number of pages: 28 Posted: 22 Jan 2018 Last Revised: 17 Jul 2019
Mark A. Carlson and David C. Wheelock
Board of Governors of the Federal Reserve System and Federal Reserve Bank of St. Louis - Research Division
Downloads 31 (479,795)
Citation 2

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Liquidity (Economics), Federal Reserve System

29.

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 30 (484,697)
Citation 5

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30.

Arresting Banking Panics: Fed Liquidity Provision and the Forgotten Panic of 1929

NBER Working Paper No. w16460
Number of pages: 42 Posted: 18 Oct 2010
Mark A. Carlson, Kris James Mitchener and Gary Richardson
Board of Governors of the Federal Reserve System, Santa Clara University - Leavey School of Business - Economics Department and University of California at Irvine
Downloads 23 (523,105)
Citation 1

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31.

Are Branch Banks Better Survivors? Evidence from the Depression Era

Economic Inquiry, Vol. 42, Issue 1, pp. 111-126, 2004
Number of pages: 16 Posted: 05 Jun 2006
Mark A. Carlson
Board of Governors of the Federal Reserve System
Downloads 23 (523,105)
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32.

Emergency Collateral Upgrades

FEDS Working Paper No. 2018-078
Number of pages: 41 Posted: 27 Nov 2018 Last Revised: 21 Feb 2019
Mark A. Carlson and Marco Macchiavelli
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 22 (529,043)

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Financial crisis, Lender of last resort, Collateral, Dealers, Repo

33.

€Œunconventionalâ€� Monetary Policy as Conventional Monetary Policy: A Perspective from the U.S. In the 1920s

FEDS Working Paper No. 2018-019
Number of pages: 45 Posted: 06 Jun 2018 Last Revised: 21 Feb 2019
Mark A. Carlson and Burcu Duygan-Bump
Board of Governors of the Federal Reserve System and Federal Reserve Board
Downloads 21 (535,018)

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Monetary policy, Unconventional monetary policy, Central banking, Administered rates, Money markets, Quantitative easing

34.

Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the Early 1900s

FEDS Working Paper No. 2018-018
Number of pages: 19 Posted: 06 Jun 2018 Last Revised: 21 Feb 2019
Mark A. Carlson and Matthew Jaremski
Board of Governors of the Federal Reserve System and Utah State University - Huntsman School of Business
Downloads 16 (565,497)

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Financial stability, Free-riding, Liquidity requirements, Reserve requirements

35.

Bank Examiners’ Information and Expertise and Their Role in Monitoring and Disciplining Banks Before and During the Panic of 1893

NBER Working Paper No. w24460
Number of pages: 51 Posted: 02 Apr 2018
Charles W. Calomiris and Mark A. Carlson
Columbia University - Columbia Business School and Board of Governors of the Federal Reserve System
Downloads 5 (638,138)

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36.

The Re-Emergence of the Federal Reserve Funds Market in the 1950s

FED Notes No. 2019-03-22
Posted: 26 Mar 2019
Sriya Anbil and Mark A. Carlson
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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