Flandreau_Publications_OCT2010

LIST OF PUBLICATIONS
Books
The Making of Global Finance 1880-1913 (with F. Zumer) [2004], Paris: OECD,
Development Centre Studies, 144 p.
The Glitter of Gold. France, Bimetallism and the Emergence of the International Gold
Standard, 1848-1873 [2004], Oxford: Oxford University Press, 343 p.
Money Doctors. The Experience of International Financial Advising 1850-2000
[2003], London: Routledge, 384 p.
International Financial History in The Twentieth Century: System and Anarchy (with
C.L. Holtfrerich and H. James) [2003], Cambridge: Cambridge University
Press, 278 p.
Un siècle d’architectures financières internationales [1999], special issue of
Économie Internationale (France’s leading international economics journal),
Paris: La Documentation française, N° 78, 192 p.
The Gold Standard in Theory and History (co-editor with Barry Eichengreen) [1997],
London: Routledge, 2e ed., 340 p.
L’or du monde: la France et la stabilité du système monétaire international, 18481873 [1995], Paris: L’Harmattan, 367 p.
Scientific Articles
“The economics of badmouthing: Defamation, Racketeering and the French Financial
Press before World War I” (with Vincent Bignon) mimeo, 2010.
“The Industrial Organization of International Organization: Evidence from the 19th
Century”, 2010, Mimeo, (with Juan Flores)
“Conflicts of Interest, Reputation, and the Interwar Debt Crisis: Banksters or Bad
Luck?” (with Norbert Gaillard and Ugo Panizza) Mimeo, Graduate Institute.
“Bagehot for Beginners: The Making of Lending of Last Resort Operations in the
Mid-19th Century” (with Vincent Bignon and Stefano Ugolini) Working Paper,
2009, Bank of Norway.
“Ratings Performance, Regulation and the Great Depression: Lessons from Foreign
Government Securities” (with Norbert Gaillard and Frank Packer, CEPR
Discussion Paper No. 7328, June 2009
“The Spread of Empire: Clio and the Measurement of Colonial Borrowing Costs” (with
Olivier Accominotti and RIad Rezzik), forthcoming, Economic History Review,
2010.
“The End of Gatekeeping: Underwriters and the Quality of Sovereign Debt Markets,
1815-2007.” (with Juan Flores, Juan, N. Gaillard and S. Nieto-Parra) NBER
Working Paper No. 15128. Forthcoming in NBER International Seminar on
Macroeconomics, 2010, volume 6.
“Bonds and Brands: Foundations of Sovereign Debt Markets, 1820–1830” (with Juan
H. Flores The Journal of Economic History, Volume 69, Issue 03, September
2009, pp 646-684 also available as CEPR, DP 6420, 2007, August, 52 p.)
“The Empirics of International Currencies: Network Externalities, History and
Persistence”, Economic Journal, 2009, (available as "The Empirics of
International Currencies: Evidence from the 19th Century" (with Clemens Jobst)
[2005], November; CEPR, DP 5529, March 2006).
“Monetary Geography in the Mid-18th Century” 2009 (with Clemens Jobst, Christophe
Galimard and Pilar Noguès-Marco), Cambridge Journal of Regions Economy
and Society (available as “Monetary Geography before the Industrial
Revolution, CEPR discussion paper February 2009).
“Black Man’s Burden, White Man’s Welfare: Control, Devolution and Development in
the British Empire 1880-1914” 2009, (with Olivier Accominotti, Riad Rezzik and
Frédéric Zumer) European Review of Economic History (available as Black
Man's Burden: Measured Philanthropy in the British Empire, 1880-1913”,
CEPR DP 6811, 2008).
“The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the
Leading International Currency?”, (with Barry Eichengreen, forthcoming
European Review of European History (available under same title, NBER
working paper, 14154 2008).
“Bilateral Treaties and the Most-Favored-Nation Clause: The Myth of trade
Liberalization in the Nineteenth Century” (With Olivier Accominotti), World
Politics, vol. 60, n°2, January 2008, (available as "Does Bilateralism Promote
Trade? Nineteenth Century Liberalization Revisited" (with Olivier Accominotti)
[2005], November; CEPR, DP 5423, January 2006)
"The Bell Jar: Commercial Interest Rates Between Two Revolutions, 1688-1789"
(with Christophe Galimard, Clemens Jobst and Pilar Nogués Marco)
forthcoming in Jeremy Atack (ed.), The Origins and Developement of Financial
Markets and Institutions, Cambridge University Press.
“Pillars of Globalization: A history of monetary policy targets, 1797 1997” 2008, in A.
Beyer and L. Reichlin, (eds.) The role of money money and monetary policy
in the 21st century, Frankfurt: ECB, pp. 208 243 (available as "Pillars of
Globalization: A history of monetary policy targets, 1797-1997", [2006], April,
CEPR, DP 6252, April, 52 p.
"Target Zones in History and Theory: efficiency, credibility and policy autonomy" (with
John Komlos), [2006], forthcoming Journal of Monetary Economics; CEPR, DP
5199, August 2005, 29 p.; University of Munich, DP 2003-18, 37 p.; CESifo,
Working Paper 556, September 2001, 41 p.
"Home Biases, Nineteenth Century Style" [2006], Journal of the European Economic
Association, Vol. 4, N° 2-3, May, p. 634-643; CEPR, DP 5398, December
2005, 13 p.
"The Logic of Compromise: Monetary bargaining in Austria-Hungary 1867-1913"
[2006], European Review of Economic History, Vol. 10, N° 1, April, p. 3-33;
CEPR, DP 5397, January 2006, 35 p.
"Paris, London, and the International Money Market: Lessons from Paribas 18851913" (with François Gallice) [2005], in Y. Cassis and E. Bussière, London
and Paris as International Financial Centres in the Twentieth Century, Oxford:
Oxford University Press, ch. 5, p. 78-106.
"The Ties that Divide: A Network Analysis or the International Monetary System,
1890-1910" (with Clemens Jobst) [2005], The Journal of Economic History,
December, Vol. 65. N° 4, p. 977-1007; CEPR, DP 5129, July 2005, 40 p.
"Monetary Union, Trade Integration and Business Cycles in 19th Century Europe"
(with Mathilde Maurel) [2005], Open Economies Review, Vol. 16, N° 2, p. 135152; CEPR, DP 3087, November 2001, 26 p.
"Old sins. Exchange Clauses and European Foreign Lending in the 19th Century"
(with Nathan Sussman) [2005], in B. Eichengreen and R. Hausmann (eds),
Other People's Money. Debt Denomination and Financial Instability in
Emerging Markets Economies, Chicago and London: University of Chicago
Press, ch. 6, p. 154-189; CEPR, DP 4228, February 2004, 39 p.
"Crédits à la spéculation et marché monétaire: le marché des reports en France de
1875 à 1914" (with Pierre Sicsic) [2003], in O. Feiertag and M. Margairaz
(eds.), Politiques et pratiques des banques d'émission en Europe (XVIIe-XXe
siècles). Le bicentenaire de la Banque de France dans la perspective de
l'identité monétaire européenne, Paris: Albin Michel, p. 197-222.
"Le Service des Études financières sous Henri Germain (1871-1905): une macroéconomie d’acteurs" [2003], in B. Desjardins, M. Lescure, R. Nougaret, A.
Plessis and A. Straus (eds), Le Crédit lyonnais (1863-1986) : Études
historiques, Genève: Droz, p. 271-301.
"Crises and Punishment : Moral Hazard and the pre-1914 international financial
architecture" [2003], in M. Flandreau, Money Doctors: The History, theory and
policy of international financial advice, Paris: Routledge, p. 13-48; CEPR, DP
3742, February 2003, 65 p.
"Caveat Emptor: Coping with Sovereign Risk under the International Gold Standard"
[2003], in M. Flandreau, C. L. Holtfrerich and H. James (eds), International
Financial History in the Twentieth Century: System and Anarchy, Cambridge:
Cambridge University Press, p. 17-50; CEPR, DP 2004, October 1998.
"Core, Periphery, Exchange Rate Regimes, and Globalization" (with Michael D.
Bordo) [2003], in M. D. Bordo, A. Taylor and J. Williamson, Globalization in
Historical Perspective, Chicago and London: University of Chicago Press,
p. 417-468; NBER WP w8584, November 2001; CEPR, DP 3077, November
2001, 81 p.
"The Bank, the States, and the Market: an Austro-Hungarian Tale for Euroland,
1867-1914" [2003], in F. Capie and G. Wood (eds), Monetary Unions: Theory,
History, Public Choice, London: Routledge; Oesterreichische Nationalbank,
Working Paper 43, 2001.
" “Water Seeks a Level”: Modeling Bimetallic Exchange Rates and the Bimetallic
Band" [2002], Journal of Money, Credit and Banking, May, Vol. 34, N° 2, p.
491-519.
"Core or Periphery ? The Credibility of the Habsburg Currency, 1867-1914" (with
John Komlos) [2001], in K. Bachinger and D. Stiefel, Auf Heller und Cent.
Beiträge
zur
Finanzund
Währungsgeschichte,
Frankfurt/Wien,
Wirtschaftsverlag Ueberreuter, p. 163-184; The Journal of European Economic
History, 2002, Vol. 31, N° 2, p. 293; University of Munich, Department of
Economics, Working paper.
"The economics and politics of monetary unions: a reassessment of the Latin
Monetary Union, 1865-1871" [2000], Financial History Review, 7, p. 25-43.
"La “Grande Retransformation” ? Contrôles de capitaux et intégration financière
internationale 1880-1996" (with Marie-Chantal Rivière) [1999], in M. Flandreau
(ed), Un siècle d’architectures financières internationales, Paris: La
Documentation Française, special issue of Economie Internationale, Summer,
N° 78; short version published as: "Contrôles de capitaux et intégration
financière internationale: la grande “retransformation”?", Problèmes
économiques, 9 February 2000, N° 2651.
"Does Integration Globalize ? Elements of XIXth Century Financial Geography"
[1998], in P. Cottrell, J. Reis, and C. E. Nunez (eds), Finance and the Making
of the Modern Capitalist World, Proceedings of the Twelfth International
Economic History Congress, Madrid, p. 134-165; in Tilly and Welfens (eds),
Economic Globalization, International Organizations and Crisis Management,
Berlin, Springer, 2000.
"Stability without a pact? Lessons from the European Gold Standard 1880-1913"
(with Jacques Le Cacheux and Frédéric Zumer) [1998], in D. Begg et al. (eds),
EMU: Prospects and Challenges for the Euro, special issue of Economic
Policy, p. 117-162; CEPR, DP 1872, April 1998.
"The Burden of Intervention: Externalities in Multilateral Target Zones" [1998],
Journal of International Economics, Fall, Vol. 45, N° 1, p. 137-171; CEPR, DP
1504, November 1996.
"As Good as Gold? Bimetallism in Equilibrium" [1997], in M.C. Marcuzzo, L.H. Officer
and A. Rosselli (eds), Monetary Standards and Exchange Rates, London:
Routledge, p. 150-176.
"Central Bank Co-operation in Historical Perspective: a Sceptical View" [1997],
Economic History Review, Fall, Vol. 50, N° 4, p. 735-763.
"Dettes publiques et stabilité monétaire en Europe: les leçons de l’étalon or" (with
Jacques Le Cacheux) [1997], Revue Economique, May, Vol. 48, N° 3, p. 529538.
"The French Crime of 1873: An Essay on the Emergence of the International Gold
Standard, 1870-1880" [1996], The Journal of Economic History, Vol. 56, N° 4,
p. 862-897; CEPR, DP 1210, July 1995.
"The Geography of the Gold Standard" (with Barry Eichengreen) [1996], in J. Braga
de Macedo, B. Eichengreen and J. Reis (eds), Currency Convertibility : The
Gold Standard and Beyond, London: Routledge, p. 113-143; CEPR, DP 1050,
October 1994.
"Adjusting to the Gold Rush: Endogenous Bullion Points and the French Balance of
Payments: 1846-1870" [1996], Explorations in Economic History, October, Vol.
33, N° 4, p. 417-439.
"Blocs, Zones, and Bands, International Monetary History in the Light of Recent
Theoretical Developments" (with Barry Eichengreen) [1996], Scottish Journal
of Political Economy, September, Vol. 43, N° 4, p. 398-418.
"Les règles de la pratique: La Banque de France, le marché des métaux précieux, et
la naissance de l ’étalon-or, 1848-1876" [1996], Annales: Histoire Sciences
Sociales, July-August, Vol. 51, N° 4, p. 849-872.
"Coin memories: New Estimates of French Metallic Currency 1840-1878" [1995],
Journal of European Economic History, Winter, Vol. 24, N° 2, p. 271-310.
"Was the Latin Union a Franc Zone?" [1995], in J. Reis (ed.), International Monetary
Systems in Historical Perspective, London: Macmillan, p. 71-90.
"On the Inflationary Bias of Common Currencies: the Latin Union Puzzle" [1993],
European Economic Review, April, Vol. 37, N° 2-3, p. 501-506.
"Le début de l’histoire: Globalisation financière et relations internationales" [2000],
Politique Étrangère (Review of IFRI), Autumn-Winter, N° 3-4, p. 673-686.
"Que l’acheteur se méfie! Comment on gérait le risque souverain sous l’étalon or"
[1999], in A. Bouet and J. Le Cacheux (eds), Globalisation et politiques
économiques: Les marges de manœuvre, Paris: Economica, p. 235-252.
"Le zéro et l’infini: les économistes russes de l’autocratie à la collectivisation" [1999],
L’Économie Politique, 1, p. 39-50.
"Le système monétaire international et l'union monétaire européenne" (with JeanPaul Fitoussi) [1998], in La France et les institutions de Bretton Woods
(Conference in Ministry of Finance, Paris, June,30-July,1st 1994), Paris:
Imprimerie Nationale, p. 167-181; Revue de l'OFCE, N° 51, October 1994.
"La convergence est-elle nécessaire à la création d’une zone monétaire? Réflexions
sur l’étalon or 1880-1914" (with Jacques Le Cacheux) [1996], Revue de
l’OFCE, July, N° 58.
"The logic of supra nationality: How many stages in Stage III?" [1995], Revue ECU,
April, N° 31.
"Monnaie commune, décentralisation et inflation: Hujus Regio, Cujus Pecunia?"
[1995], Revue de l'OFCE, January, N° 52.
Others
"Using ARIMA Forecasts to Explore the Efficiency of the Forward Reichsmark
Market: Austria-Hungary, 1876-1914" (with John Komlos) [2002], University of
Munich, Department of Economic, DP 2002-04, March, 13 p.
"The Empirical Literature on Target Zones and ERM Asymmetry: A Theoretical Note"
[1997], OFCE, Working Paper, January.
"Time on the cross : How and Why not to choose between Economics and History"
[2001], in P. Hudson, Living Economic and Social History, Glasgow: Economic
History Society, p. 81-85.