Utah State University
Department of Economics and Finance
Primary Fields: Monetary and Financial Economics, Economic History, Macroeconomics
My research focuses on understanding the financial dynamics that underlie or follow macroeconomic events. Looking at the historical U.S. financial system before World War II, I examine a period when the majority of banks were regulated by their state legislature, printed their own money, were highly susceptible to bank runs, and had little ability to receive emergency liquidity in times of distress. Moreover, lacking a clear consensus on best practices, state governments as well as Congress experimented with bank regulation. The period, therefore, provides a unique environment for examining the causes and effects of financial stability. To enable the use of modern econometric techniques, much of my work has focused on collecting bank-level data.