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Conference « Economic History and Economic Policy »

On 14 and 15 of December 2015 the Bank of France will host a conference emphasizing the contribution of economic history to policy making. The various works that will be presented illustrate how long-time series inform decision making. They also show how historical models and case studies help to improve our thinking about topical policy issues such as monetary policy in a world of high public debt, the impact of financial regulation on financial markets, and the policies stimulating innovation or favoring financial stability.

The conference is organized by the Banque de France, Sciences Po and the Université Libre de Bruxelles, the University of Oxford, of Carlos III Madrid, of Humboldt zu Berlin, the London School of Economics and the Graduate Institute Geneva as member institutions of the European network Macrohist.

Informations et contact : DEMFI_CONFERENCE@banque-france.fr

Organisateurs : Vincent Bignon (coordinateur), Olivier Accominotti, Guillaume Sarrat de Tramezaigues.
Lieu : Espace conférences de la Banque de France, 31 rue Croix-des-Petits-Champs, Paris.


Welcome addresses

Marc-Olivier Strauss-Kahn (General director of research and international relations, Banque de France)
and Prof. Philippe Martin (Ministry of economics, France) 


Session 1              Keynote 1: Historical perspective on central banks’ dealing with crisis

The Barings Crisis of 1890 Revisited: Bagehot's Rule and the Problem of Failing SIFIs. 
Eugene White (Rutgers University)
Discussant: Juan H. Flores (University of Geneva) 


Session 2              Central bank and government indebtedness from a historical perspective 

Monetary-Fiscal Policy Interaction and Fiscal Inflation: A Tale of Three Countries.
Alexander Kriwoluzky  (Halle University)
Discussant: Dr. Eric Monnet (Banque de France)

A Portuguese twist? Sovereign Debt Management in an Emerging Country, 1869?1890.
Rui Esteves (University of Oxford)
Discussant: François Velde (Chicago Fed) 

Central Bank Balance Sheet and Government Finance: The Bank of England 1780-1830.
Pamfili Antipa (Banque de France)
Discussant: Stefano Ugolini (University of Toulouse) 


Session 3              Young researchers’ panels

Panel 1                  On financial regulation

When Financial Repression Leads to (Unsuccessful) Financial Innovation: the Case of Poyais 1820-1825. 

Damian Clavel (Graduate Institute Geneva) 

Science, Pollution and Regulatory Reform: How Statistical Claims Shaped Early US Securities Regulation, 1904-1936.
Pierre Penet (Graduate Institute Geneva)

Panel 2                   The trade channel in the transmission of economic crises

Do Incomplete Currency Unions Boost Asymmetric Trade Effects? The Case of the Latin Monetary Union 1860s -1880s.
Jacopo Timini (Carlos III Madrid) 

Quantifying Beggar-my-Neighbor Effects: Evidence from Interwar France.
Thilo Albers (London School of Economics) 


Session 4              Structural and sovereign debt policies in the long run

GDP per Capita in Advanced Countries over the 20th Century.
Rémy Lecat (Banque de France)
Discussant: James Foreman Peck (Cardiff Business School) 

Politics and the Conversion of French Sovereign Bonds, 1815-1870.
Kim Oosterlinck (Université Libre de Bruxelles)
Discussant: D’Maris Coffman (University College London) 

Taxes, National Identity, and Nation Building: Evidence from France.
Noel Johnson (George Mason University)
Discussant: Christophe Chamley (Boston University)

Session 5              (Pro) Creation policies and entrepreneurship

Protectionism and the Education-Fertility Trade-off in Late 19th Century France.
Cecilia Garcia-Peñalosa (Aix-Marseille School of Economics and CNRS)
Discussant: Neil Cummins (London School of Economics) 

The Hollowing Out of Provincial France.
Jean-Pierre Dormois (Sciences Po Bordeaux)
Discussant: Claude Diebolt (Université de Strasbourg and CNRS))

The Origins of Creativity: The Case of the Arts in the US since 1850.
Karol Jan Borowiecki (University of Southern Denmark)
Discussant: Christophe Spaenjers (HEC Paris) 


Session 6                              Keynote 2. Inside jobs: Academic certification of financial assets

Anthropologists in the Stock Exchange.
Marc Flandreau (Graduate Institute Geneva)
Discussant: Vincent Bignon (Banque de France) 


Session 7              Young researchers’ panels

Panel 1                  Repos, banking panics and the origin of financial crises: A view from Austria

Causes of Bank Distress during the Austro-Hungarian Gründerkrach of 1873.
Kilian Rieder (University of Oxford)  

The Causes of the Austrian Crisis of 1931.
Flora Macher (London School of Economics) 

Panel 2                   Alternative investments and contagion

A Hedge Against Inflation? A Long-term Price Index of the French Art Market.
Géraldine David (Université Libre de Bruxelles)

Contagion, Globalization and Flight to Quality on Interwar Financial Markets.
Aurore Burietz (Université Libre de Bruxelles) 


Session 8              Financial stability: Lessons from history

Why the French Said “Non”: Creditor-Debtor Politics and the German Financial Crises of 1930 and 1931”.
Tobias Straumann (University of Zurich)
Discussant: Olivier Accominotti (London School of Economics & Banque de France) 

High and Dry’: the Liquidity and Credit of Colonial and Foreign Government Debt in the London Stock Exchange (1880–1913).
Matthieu Chavaz (Bank of England)
Discussant: Kim Oosterlinck (Université Libre de Bruxelles) 

Enter the Ghost: Cashless Payment Systems in the Low Countries, 1500–1800.
Joost Jonker (Utrecht University and Amsterdam University)
Discussant: Jérôme Sgard (Sciences Po)


Session 9              Conclusions 

Prof. Gilbert Cette (Deputy general director of research and international relations, Banque de France)
Prof. Marc Flandreau (Graduate Institute Geneva, network leader Macrohist)

Mis à jour le : 10/05/2017 14:51