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  1. Directory
  2. Faculty
  3. Charles Calomiris

Charles Calomiris

Henry Kaufman Professor Emeritus of Financial Institutions in the Faculty of Business and Professor Emeritus of International and Public Affairs
Finance Division
Columbia Business School
Areas of Expertise
Corporate Finance, Financial Engineering, Globalization
Contact
Office: 1101 Kravis
Phone: (212) 8548748
E-mail: [email protected]
Links
Personal Website
Curriculum Vitae

Charles W. Calomiris is Henry Kaufman Professor Emeritus of Financial Institutions in the Faculty of Business and Professor Emeritus of International and Public Affairs at Columbia Business School, Director of the Business School’s Program for Financial Studies Initiative on Finance and Growth in Emerging Markets, and a professor at Columbia’s School of International and Public Affairs. His research spans the areas of banking, corporate finance, financial history, and monetary economics. He is a Distinguished Visiting Fellow at the Hoover Institution, a Fellow at the Manhattan Institute, a member of the Shadow Open Market Committee and the Financial Economists Roundtable, and a Research Associate of the National Bureau of Economic Research. Professor Calomiris is past president of the International Atlantic Economic Society and has served on numerous committees, including the Advisory Scientific Committee of the European Systemic Risk Board, the U.S. Congress’s International Financial Institution Advisory Commission, the Shadow Financial Regulatory Committee, and the Federal Reserve System’s Centennial Advisory Committee. He served as co-managing editor of the Journal of Financial Intermediation. He received a B.A. in economics from Yale University, Magna Cum Laude, a Ph.D. in economics from Stanford University. Professor Calomiris holds an honorary doctorate from the University of Basel. He is the recipient of numerous awards and research grants. His recent book (with Stephen Haber), Fragile By Design: The Political Origins of Banking Crises and Scarce Credit (Princeton 2014), received the American Publishers 2015 Award for the best book in Business, Finance, and Management, was named one of the Best Economics Books of 2014 by the Financial Times, and one of the Best Books of 2014 by The Times Higher Education Supplement and by Bloomberg Businessweek.

Education
BA, Yale, 1979; PhD, Stanford, 1985
Joined CBS
1996

All Activities

  • Research
  • Teaching
  • Awards and Honors
  • Press
  • CaseWorks
  • Journal articles
  • Working papers
  • Articles
  • Books
  • Chapters
Journal Article
Calomiris, Charles and Harry Mamaysky
. “How News and Its Context Drive Risk and Returns Around the World.”
Journal of Financial Economics
vol.
133
, (August 01, 2019):
299
-
336
.
Explore Further about How News and Its Context Drive Risk and Returns Around the World
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Journal Article
Calomiris, Charles
. “Has Financial Regulation Been a Flop? (or How to Reform Dodd-Frank).”
Journal of Applied Corporate Finance
vol.
29
, (January 01, 2017):
8
-
24
.
Explore Further about Has Financial Regulation Been a Flop? (or How to Reform Dodd-Frank)
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Journal Article
Calomiris, Charles and Urooj Khan
. “An assessment of TARP assistance to financial institutions.”
Journal of Economic Perspectives
vol.
29
, (January 01, 2015):
1
-
30
.
Explore Further about An assessment of TARP assistance to financial institutions
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Journal Article
Aiyar, Shekhar, Charles Calomiris , and Tomasz Wieladek
. “Does Macro-Prudential Regulation Leak? Evidence from a U.K. Policy Experiment.”
Journal of Money, Credit and Banking
vol.
46
, (February 01, 2014):
181
-
214
.
Explore Further about Does Macro-Prudential Regulation Leak? Evidence from a U.K. Policy Experiment
Download PDF on Does Macro-Prudential Regulation Leak? Evidence from a U.K. Policy Experiment
Journal Article
Aiyar, Shekhar, Charles Calomiris , and Tomasz Wieladek
. “Identifying Channels of Credit Substitution When Bank Capital Requirements Are Varied.”
Economic Policy
vol.
29
, (January 01, 2014):
45
-
77
.
Explore Further about Identifying Channels of Credit Substitution When Bank Capital Requirements Are Varied
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Journal Article
Calomiris, Charles and Doron Nissim
. “Crisis-Related Shifts in the Market Valuation of Banking Activities.”
Journal of Financial Intermediation
vol.
23
, (January 01, 2014):
400
-
435
.
Explore Further about Crisis-Related Shifts in the Market Valuation of Banking Activities
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Journal Article
Calomiris, Charles and Doron Nissim
. “Regulatory Uncertainty Hurts Bank Stocks, Stifles Economy?”
American Banker
vol.
123
, (April 23, 2013):
8
.
Explore Further about Regulatory Uncertainty Hurts Bank Stocks, Stifles Economy?
Journal Article
Calomiris, Charles, Inessa Love, and Mara Soledad Martinez Peria
. “Stock returns' sensitivities to crisis shocks: Evidence from developed and emerging markets.”
Journal of International Money and Finance
vol.
31
, (January 01, 2012):
743
-
765
.
Explore Further about Stock returns' sensitivities to crisis shocks: Evidence from developed and emerging markets
Download PDF on Stock returns' sensitivities to crisis shocks: Evidence from developed and emerging markets
Journal Article
Calomiris, Charles
. “An Incentive-Robust Programme for Financial Reform.”
The Manchester School
vol.
79
, (September 01, 2011):
39
-
72
.
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Journal Article
Calomiris, Charles
. “Comment on "Implementing a Macroprudential Framework: Blending Boldness and Realism" (by Claudio Borio).”
Capitalism and Society
vol.
6
, (August 01, 2011):
Article 4
.
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Journal Article
Calomiris, Charles
. “Incentive-Robust Financial Reform.”
The Cato Journal
vol.
31
, (January 01, 2011):
561
-
589
.
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Journal Article
Wang, Yongxiang and Charles Calomiris
. “Profiting from government stakes in a command economy: Evidence from Chinese asset sales.”
Journal of Financial Economics
vol.
96
, (June 01, 2010):
399
-
412
.
Explore Further about Profiting from government stakes in a command economy: Evidence from Chinese asset sales
Download PDF on Profiting from government stakes in a command economy: Evidence from Chinese asset sales
Journal Article
Calomiris, Charles
. “Reassessing the Fed's Regulatory Role.”
The Cato Journal
vol.
30
, (January 01, 2010):
311
-
322
.
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Journal Article
Calomiris, Charles
. “Banking Crises Yesterday and Today.”
Financial History Review
vol.
17
, (January 01, 2010):
1
-
12
.
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Journal Article
Calomiris, Charles
. “The Political Lessons of Depression-Era Banking Reform.”
Oxford Review of Economic Policy
vol.
26
, (January 01, 2010):
540
-
560
.
Explore Further about The Political Lessons of Depression-Era Banking Reform
Journal Article
Calomiris, Charles and Thanavut Pornrojnangkool
. “Relationship Banking and the Pricing of Financial Services.”
Journal of Financial Services Research
vol.
35
, (January 01, 2009):
189
-
224
.
Explore Further about Relationship Banking and the Pricing of Financial Services
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Journal Article
Calomiris, Charles and Jonathan Pritchett
. “Preserving Slave Families for Profit: Traders' Incentives and Pricing in the New Orleans Slave Market.”
The Journal of Economic History
vol.
69
, (January 01, 2009):
986
-
1011
.
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Journal Article
Calomiris, Charles
. “Financial Innovation, Regulation, and Reform.”
The Cato Journal
vol.
29
, (January 01, 2009):
65
-
91
.
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Journal Article
Calomiris, Charles and Joseph Mason
. “Resolving the puzzle of the underissuance of national bank notes.”
Explorations in Economic History
vol.
45
, (September 01, 2008):
327
-
355
.
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Journal Article
Calomiris, Charles, Antonio Gledson de Carvalho, and Joao Amaro de Matos
. “Venture Capital as Human Resource Management.”
Journal of Economics and Business
vol.
60
, (May 01, 2008):
223
-
55
.
Explore Further about Venture Capital as Human Resource Management
Journal Article
Calomiris, Charles and Donna Hitscherich
. “Banker Fees and Acquisition Premia for Targets in Cash Tender: Challenges to the Popular Wisdom on Banker Conflicts.”
Journal of Empirical Legal Studies
vol.
4
, (December 01, 2007):
909
-
938
.
Explore Further about Banker Fees and Acquisition Premia for Targets in Cash Tender: Challenges to the Popular Wisdom on Banker Conflicts
Download PDF on Banker Fees and Acquisition Premia for Targets in Cash Tender: Challenges to the Popular Wisdom on Banker Conflicts
Journal Article
Calomiris, Charles and Donna Hitscherich
. “Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts.”
Journal of Empirical Legal Studies
vol.
4
, (December 01, 2007):
909
-
938
.
Explore Further about Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts
Download PDF on Banker Fees and Acquisition Premia for Targets in Cash Tender Offers: Challenges to the Popular Wisdom on Banker Conflicts
Journal Article
Calomiris, Charles
. “Devaluation with contract redenomination in Argentina.”
Annals of Finance
vol.
3
, (January 01, 2007):
155
-
192
.
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Journal Article
Calomiris, Charles
. “The Regulatory Record of the Greenspan Fed.”
The American Economic Review
vol.
96
, (May 01, 2006):
170
-
173
.
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Download PDF on The Regulatory Record of the Greenspan Fed
Journal Article
Calomiris, Charles and Joseph Mason
. “Credit Card Securitization and Regulatory Arbitrage.”
Journal of Financial Services Research
vol.
26
, (August 01, 2004):
5
-
27
.
Explore Further about Credit Card Securitization and Regulatory Arbitrage
Download PDF on Credit Card Securitization and Regulatory Arbitrage
Journal Article
Calomiris, Charles and Berry Wilson
. “Bank Capital and Portfolio Management: The 1930s, "Capital Crunch," and Scramble to Shed Risk.”
Journal of Business
vol.
77
, (July 01, 2004):
421
-
56
.
Explore Further about Bank Capital and Portfolio Management: The 1930s, "Capital Crunch," and Scramble to Shed Risk
Download PDF on Bank Capital and Portfolio Management: The 1930s, "Capital Crunch," and Scramble to Shed Risk
Journal Article
Calomiris, Charles and Joseph Mason
. “Fundamentals, Panics, and Bank Distress During the Depression.”
American Economic Review
vol.
93
, (December 01, 2003):
1615
-
1647
.
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Journal Article
Calomiris, Charles and Joseph Mason
. “Consequences of Bank Distress during the Great Depression.”
The American Economic Review
vol.
93
, (June 01, 2003):
937
-
947
.
Explore Further about Consequences of Bank Distress during the Great Depression
Download PDF on Consequences of Bank Distress during the Great Depression
Journal Article
Calomiris, Charles and R. Glenn Hubbard
. “Tax Policy, Internal Finance, and Investment: Evidence from the Undistributed Profits Tax of 1936-1937.”
Journal of Business
vol.
68
, (October 01, 1995):
443
-
82
.
Explore Further about Tax Policy, Internal Finance, and Investment: Evidence from the Undistributed Profits Tax of 1936-1937
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Journal Article
Calomiris, Charles
. “Financial Factors in the Great Depression.”
The Journal of Economic Perspectives
vol.
7
, (January 01, 1993):
61
-
85
.
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Download PDF on Financial Factors in the Great Depression
Journal Article
Calomiris, Charles and Charles Kahn
. “The Role of Demandable Debt in Structuring Optimal Banking Arrangements.”
The American Economic Review
vol.
81
, (June 01, 1991):
497
-
513
.
Explore Further about The Role of Demandable Debt in Structuring Optimal Banking Arrangements
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Working Paper
Calomiris, Charles, Nida Cakir Melek, and Harry Mamaysky
. Predicting the Oil Market. October 06, 2021.
Explore Further about Predicting the Oil Market
Working Paper
Calomiris, Charles, Harry Mamaysky , and Ruoke Yang
. Measuring the Cost of Regulation: A Text-Based Approach. March 08, 2020.
Explore Further about Measuring the Cost of Regulation: A Text-Based Approach
Working Paper
Calomiris, Charles and Harry Mamaysky
. Monetary Policy and Exchange Rate Returns: Time-Varying Risk Regimes. February 24, 2019.
Explore Further about Monetary Policy and Exchange Rate Returns: Time-Varying Risk Regimes
Working Paper
Antoniades, Adonis and Charles Calomiris
. Mortgage Market Credit Conditions and U.S. Presidential Elections. March 01, 2018.
Explore Further about Mortgage Market Credit Conditions and U.S. Presidential Elections
Download PDF on Mortgage Market Credit Conditions and U.S. Presidential Elections
Working Paper
Calomiris, Charles, Jose Maria Liberti, and Jason Sturgess
. How Collateral Laws Shape Lending and Sectoral Activity. May 01, 2015.
Explore Further about How Collateral Laws Shape Lending and Sectoral Activity
Download PDF on How Collateral Laws Shape Lending and Sectoral Activity
Working Paper
Antoniades, Adonis, Charles Calomiris , and Donna Hitscherich
. No Free Shop: Why Target Companies in MBOs and Private Equity Transactions Sometimes Choose Not to Buy "Go Shop" Options. January 01, 2013.
Explore Further about No Free Shop: Why Target Companies in MBOs and Private Equity Transactions Sometimes Choose Not to Buy "Go Shop" Options
Download PDF on No Free Shop: Why Target Companies in MBOs and Private Equity Transactions Sometimes Choose Not to Buy "Go Shop" Options
Working Paper
Calomiris, Charles and Richard Herring
. Why and How to Design a Contingent Convertible Debt Requirement. January 01, 2012.
Explore Further about Why and How to Design a Contingent Convertible Debt Requirement
Download PDF on Why and How to Design a Contingent Convertible Debt Requirement
Working Paper
Calomiris, Charles, Joseph Mason, and David C. Wheelock
. Did Doubling Reserve Requirements Cause the Recession of 1937–1938? A Microeconomic Approach. January 01, 2011.
Explore Further about Did Doubling Reserve Requirements Cause the Recession of 1937–1938? A Microeconomic Approach
Download PDF on Did Doubling Reserve Requirements Cause the Recession of 1937–1938? A Microeconomic Approach
Working Paper
Calomiris, Charles
. Underwriting Costs of Seasoned Equity Offerings: Cross-Sectional Determinants and Technological Change, 1980–2008. December 01, 2010.
Explore Further about Underwriting Costs of Seasoned Equity Offerings: Cross-Sectional Determinants and Technological Change, 1980–2008
Working Paper
Calomiris, Charles
. Beyond Basel and the Dodd-Frank Bill. October 12, 2010.
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Working Paper
Calomiris, Charles
. Luke's Oikonomia: The Anthropology of Salvation. June 01, 2010.
Explore Further about Luke&#39;s <em>Oikonomia</em>: The Anthropology of Salvation
Working Paper
Calomiris, Charles, Stanley Longhofer, and William Miles
. The (Mythical?) Housing Wealth Effect. June 01, 2009.
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Working Paper
Calomiris, Charles
. Prudential Bank Regulation: What's Broke and How to Fix It. April 01, 2009.
Explore Further about Prudential Bank Regulation: What&#39;s Broke and How to Fix It
Download PDF on Prudential Bank Regulation: What&#39;s Broke and How to Fix It
Working Paper
Calomiris, Charles, Stanley Longhofer, and William Miles
. The Foreclosure-House Price Nexus: Lessons from the 2007–2008 Housing Turmoil. September 01, 2008.
Explore Further about The Foreclosure-House Price Nexus: Lessons from the 2007&#8211;2008 Housing Turmoil
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Working Paper
Calomiris, Charles and Doron Nissim
. Activity-Based Valuation of Bank Holding Companies. February 01, 2007.
Explore Further about Activity-Based Valuation of Bank Holding Companies
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Working Paper
Calomiris, Charles
. Not (Yet) a 'Minsky Moment'. January 01, 2007.
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Working Paper
Calomiris, Charles, Thanavut Pornrojnangkool, and Thanavut Pornrojnangkool
. Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston. May 01, 2005.
Explore Further about Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston
Download PDF on Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston
Working Paper
Calomiris, Charles, Thanavut Pornrojnangkool, and Soo Jin Lee
. Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston. May 01, 2005.
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Working Paper
Calomiris, Charles, Kevin Hassett, Randall Kroszner, and Lawrence Lindsey
. The Technical Challenge to Accurately Valuing Employee Stock Options. February 01, 2005.
Explore Further about The Technical Challenge to Accurately Valuing Employee Stock Options
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Working Paper
Calomiris, Charles
. What's Wrong with Expensing Employee Stock Options? January 01, 2005.
Explore Further about What&#39;s Wrong with Expensing Employee Stock Options?
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Working Paper
Calomiris, Charles and Carlos Ram&#237;rez
. The Political Economy of Bank Entry Restrictions: Theory and Evidence from the U.S. in the 1920s. December 01, 2004.
Explore Further about The Political Economy of Bank Entry Restrictions: Theory and Evidence from the U.S. in the 1920s
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Working Paper
Calomiris, Charles and R. Glenn Hubbard
. Options Pricing and Accounting Practice. January 01, 2004.
Explore Further about Options Pricing and Accounting Practice
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Working Paper
Calomiris, Charles and Charles Himmelberg
. Government Credit Policy and Industrial Performance: Japanese Machine Tool Producers, 1963–91. March 01, 1995.
Explore Further about Government Credit Policy and Industrial Performance: Japanese Machine Tool Producers, 1963&#8211;91
Download PDF on Government Credit Policy and Industrial Performance: Japanese Machine Tool Producers, 1963&#8211;91
Newspaper/Magazine Article
Aiyar, Shekhar, Charles Calomiris , and Tomasz Wieladek
. “A Primer on Bank Capital Regulation: Theory, Empirics, and Policy.”
IMF Economic Review
. Forthcoming.
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Newspaper/Magazine Article
Calomiris, Charles
. “Firms' Sensitivities to "Crisis Shocks" and the Cross-Section of Global Equity Returns.”
Journal of International Money and Finance
. Forthcoming.
Explore Further about Firms&#39; Sensitivities to &#34;Crisis Shocks&#34; and the Cross-Section of Global Equity Returns
Newspaper/Magazine Article
Calomiris, Charles
. “Handicapping Financial Reform.”
Regulation
. January 01, 2018.
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Newspaper/Magazine Article
Calomiris, Charles and Richard Herring
. “The Whys and Hows of CoCo Issuance.”
Central Banking Journal
. May 24, 2011.
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Newspaper/Magazine Article
Calomiris, Charles, Joseph Mason, and Eric Higgins
. “The Economics of the Proposed Mortgage Servicer Settlement.”
regulation2point0
. May 01, 2011.
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Newspaper/Magazine Article
Calomiris, Charles and Richard Herring
. “A Contingent Capital Requirement for Banks.”
e21
. April 21, 2011.
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Newspaper/Magazine Article
Calomiris, Charles
. “Monetary Policy and the Behavior of Banks: Lessons from the 1930s for the 2010s.”
Shadow Open Market Committee Symposium
. March 28, 2011.
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Newspaper/Magazine Article
Calomiris, Charles and Eric Higgins
. “Are Delays in the Foreclosure Process Really a Good Thing?”
regulation2point0
. February 11, 2011.
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Newspaper/Magazine Article
Calomiris, Charles
. “The Euro Is Dead.”
Foreign Policy
. January 06, 2011.
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Newspaper/Magazine Article
Calomiris, Charles and Desmond Lachman
. “How Spain Can Avoid the Irish Error.”
e21
. December 20, 2010.
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Newspaper/Magazine Article
Calomiris, Charles
. “Real Prudential Regulatory Reform vs. Dodd-Frank.”
Defining Ideas
. December 13, 2010.
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Newspaper/Magazine Article
Calomiris, Charles and Ellis Tallman
. “In Fed's Monetary Targeting, Two Tails Are Better Than One.”
Bloomberg Businessweek
. November 18, 2010.
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Newspaper/Magazine Article
Calomiris, Charles
. “A Three-Part Program for Housing Finance Reform.”
e21
. October 12, 2010.
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Newspaper/Magazine Article
Calomiris, Charles
. “Time to Introduce Minimum Downpayments for Mortgages.”
The Financial Times Economists' Forum
. August 24, 2010.
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Newspaper/Magazine Article
Calomiris, Charles and Joseph Mason
. “Dueling Conflicts: Does Empowering Shareholders Always Increase Value? A Skeptical Perspective.”
e21
. April 19, 2010.
Explore Further about Dueling Conflicts: Does Empowering Shareholders Always Increase Value? A Skeptical Perspective
Newspaper/Magazine Article
Calomiris, Charles and Joseph Mason
. “Dueling Conflicts: Does Empowering Shareholders Always Increase Value? A Skeptical Perspective.”
e21
. April 19, 2010.
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Newspaper/Magazine Article
Calomiris, Charles
. “The Volcker Rule: Unworkable and Unwise.”
e21
. March 25, 2010.
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Newspaper/Magazine Article
Calomiris, Charles
. “The Painful Arithmetic of Greek Debt Default.”
e21
. March 18, 2010.
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Newspaper/Magazine Article
Calomiris, Charles
. “God's Household Economics.”
Orthodoxy Today
. January 15, 2010.
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Newspaper/Magazine Article
Calomiris, Charles
. “China's Financial Transition at a Crossroads.”
The Chazen Web Journal of International Business
. January 01, 2008.
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Book
Calomiris, Charles
. Encyclopedia of Financial Globalization. 
New York
:
Elsevier
, Forthcoming.
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Book
Calomiris, Charles and Stephen Haber
. Fragile Banks, Durable Bargains: Why Banking Is All About Politics and Always Has Been. 
Princeton
:
Princeton University Press
, Forthcoming.
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Book
Calomiris, Charles
. Reforming Financial Regulation After Dodd-Frank. 
New York
:
Manhattan Institute for Policy Research
, 2017.
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Book
Calomiris, Charles and Stephen Haber
. Fragile by Design: The Political Origins of Banking Crises and Scarce Credit. 
Princeton
:
Princeton University Press
, 2014.
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Book
Bhagwati, Jagdish and Charles Calomiris
. Sustaining India's Growth Miracle. 
New York
:
Columbia University Press
, 2008.
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Chapter
Calomiris, Charles
. “Identifying the Right Mix of Capital and Cash Requirements in Prudential Regulation.” In
Strengthening the Liquidity of the Financial System
, edited by
Richard Herring
,
Philadelphia
:
FIC Press
, Forthcoming.
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Chapter
Calomiris, Charles, Robert Eisenbeis, and Robert Litan
. “Financial Crisis in the US and Beyond.” In
World in Crisis: Insights from Six Shadow Financial Regulatory Committees From Around the World
, edited by
Robert Litan
,
Philadelphia
:
FIC Press
, 2011.
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Chapter
Calomiris, Charles
. “Banking Crises and the Rules of the Game.” In
Monetary and Banking History: Essays in Honour of Forrest Capie
, edited by
Geoffrey Wood, Terence Mills, and Nicholas Crafts
,
88
-
132
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New York
:
Routledge
, 2011.
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Chapter
Calomiris, Charles
. “Volatile Times and Persistent Conceptual Errors: U.S. Monetary Policy, 1914–1951.” In
The Origins, History and Future of the Federal Reserve
,
Atlanta, GA
:
Federal Reserve Bank of Atlanta
, 2011.
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Chapter
Calomiris, Charles
. “Origins of the Subprime Crisis.” In
The International Financial Crisis: Have the Rules of Finance Changed?
, edited by
Asli Demirguc-Kunt, Douglas Evanoff, and George Kaufman
,
73
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Hackensack, NJ
:
World Scientific Publishing Company
, 2011.
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Chapter
Calomiris, Charles
. “Exiting the Euro Crisis.” In
Life in the Eurozone, with and without Sovereign Default
, edited by
Franklin Allen, Elena Carletti, and Giancarlo Corsetti
,
115
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24
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Philadelphia
:
Wharton Financial Institutions Center
, 2011.
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Chapter
Calomiris, Charles
. “Prudential Bank Regulation: What's Broke and How to Fix It.” In
Reacting to the Spending Spree: Policy Change We Can Afford
, edited by
Terry L. Anderson and Richard Sousa
,
17
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34
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Stanford, California
:
Hoover Institution Press
, 2009.
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Chapter
Calomiris, Charles
. “The Subprime Turmoil: What's Old, What's New, and What's Next.” In
Maintaining Stability in a Changing Financial System
,
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Kansas City
:
Federal Reserve Bank of Kansas City's Jackson Hole Symposium
, 2008.
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Chapter
Calomiris, Charles and Joseph Mason
. “Fundamentals, Panics, and Bank Distress During the Depression.” In
Financial Crises
, edited by
Franklin Allen and Douglas Gale
,
Cheltenham
:
Edward Elgar
, 2008.
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Chapter
Calomiris, Charles
. “Capital Flows, Financial Crises, and Public Policy.” In
Globalization: What's New?
, edited by
Michael M. Weinstein
,
36
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New York
:
Columbia University Press
, 2005.
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Chapter
Calomiris, Charles and R. Glenn Hubbard
. “International Adjustment Under the Classical Gold Standard: Evidence for the U.S. and Britain, 1879-1914.” In
Modern Perspectives on the Gold Standard
, edited by
Tamim Bayoumi, Barry Eichengreen, and Mark P. Taylor
,
189
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217
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Cambridge
:
Cambridge University Press
, 1996.
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Money Safety in Banks during Recessions: What You Need to Know

Insider
In the Media

Cleveland Fed’s Mester to Retire Next June

MarketWatch
In the Media

Monetary Mischief Here and Abroad

The Wall Street Journal
In the Media

With Credibility at Stake, Fed Fires New Volley at Inflation

The Christian Science Monitor
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The Lessons of the Great Depression Are Being Ignored

Politico
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Deposit Insurance Encourages Bank Failures Like SVB

The Wall Street Journal
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After bank failures, raising deposit insurance has benefits – and risks

The Christian Science Monitor
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No More Whispers: Recession Talk Surges in Washington

Politico
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5 CFO Tips for Limiting Harm from Inflation

CFO Dive
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The Ticking Debt Bomb in Africa Threatens a Global Explosion

Bloomberg Businessweek
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What Will the Fed Do Next to Ease Coronavirus Threat?

The Financial Times
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Dodd-Frank a Flop: Columbia Business School Study Recommends Fundamental Reforms for Landmark Financial Regulation

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News Helps Drive the Stock Market, But Not in Ways You Might Think, Says New Research from Columbia Business School

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Why Risky Shadow Banking is Unlikely to Go Away

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