Angela Redish
Biographic Data
| ID | 1137743 |
|---|---|
| NAME | Angela Redish |
| GIVEN NAMES | Angela |
| FAMILY NAME | Redish |
| SIGNATURE | REDISH A |
| AFFILIATIONS | University of British Columbia |
| VERIFIED | No |
| TOTAL WORKS | 15 |
| TOTAL CITATIONS | 69 |
| WORKS AS AUTHOR | 15 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1983 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 5 |
Early modern globalization and the extent of indigenous agency
This paper examines the responses of Indigenous nations and European companies to new trading opportunities: the Cree nations with the Hudson's Bay Company (HBC) and the Khoe nations with the Dutch East India Company [Verenigde Oostindische Compagnie (VOC)]. This case study is important because of the disparate outcomes. Within a few decades the Cree standard of living had increased, while Khoe nations had lost cattle and land. Standard histories…
Indigenous Nations and the Development of the U.S. Economy
Abundant land and strong property rights are conventionally viewed as key factors underpinning U.S. economic development success. This view relies on the “Pristine Myth” of an empty undeveloped land, but the abundant land of North America was already made productive and was the recognized territory of sovereign Indigenous Nations. We demonstrate that the development of strong property rights for European/American settlers was mirrored by the atte…
Christopher Kobrak and Joe Martin. From Wall Street to Bay Street
To write a history of financial markets and institutions in the United States and Canada since their inception is a daunting task indeed, covering as it must banks and banking, insurance, brokerages, trust companies, the products that these institutions trade, and the evolving regulation of the sector. Christopher Kobrak and Joe Martin, the authors of From Wall Street to Bay Street: The Origins and Evolution of American and Canadian Finance, take…
Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or …)
The financial crisis of 2008 engulfed the banking system of the US and many large European countries. Canada was a notable exception. In this article we argue that the structure of financial systems is path‐dependent. The relative stability of the Canadian banks in the recent crisis compared to the US in our view reflected the original institutional foundations laid in place in the early nineteenth century in the two countries. The Canadian conce…
From the Athenian tetradrachm to the euro
The micro-economic effects of financial market structure
The Persistence of Bimetallism in Nineteenth-Century France
the establishment of a fixed nominal anchor as the key characteristic of commodity money standards.2 That is, while under a fiat money standard the nominal money supplies-and hence to varying degrees nominal exchange rates, interest rates, and prices-are determined by human forces, it is argued that under a commodity money standard nominal exchange rates were fixed and other nominal magnitudes were only to a limited extent subject to design. Yet …
The U.S. Banking System From a Northern Exposure
This article asks whether the vaunted comparative stability of the Canadian banking system has been purchased at the cost of creating an oligopoly. We assembled a data set that compares bank failures, lending rates, interest paid on deposits, and related variables over the period 1920 to 1980. Our principal findings are (1) interest rates paid on deposits were generally higher in Canada; (2) interest income received on securities was generally sl…
The Evolution of the Gold Standard in England
In 1816 England officially abandoned bimetallism and made silver coins into tokens that were only limited legal tender. Earlier monetary authorities had lacked the ability to manage a subsidiary coinage, a necessary complement to the monometallic gold standard. A successful token coinage must be both costly to counterfeit and credibly backed to ensure that the tokens do not depreciate to their intrinsic value. These problems were solved in the ni…
Currency depreciation in early modern England and France
Why Did the Bank of Canada Emerge in 1935
Three possible explanations for the emergence of the Canadian central bank in 1935 are examined: that it reflected the need of competitive banking systems for a lender of last resort, that it was necessary to anchor the unregulated Canadian monetary system after abandonment of the gold standard in 1929, and that it was a response to political rather than purely economic pressures. Evidence from a variety of sources (contemporary statements to a R…
New Estimates of the Money Stock in France, 1493-1680
The money stock in France from 1493 to 1680 has not been well understood. Changes in the money stock have usually been represented by moving sums of annual mint output. Mint output, however, included large amounts of recoinage, resulting in double-counting. A model of mint output is estimated to determine the amount of recoinage. The money stock estimates are also improved by incorporating a constant rate of loss of coins
Why Was Specie Scarce in Colonial Economies? An Analysis of the Canadian Currency, 1796–1830
Colonial economies suffered from a scarcity of specie that traditionally has been attributed to a chronic external drain. An analysis of the Canadian currency in the early nineteenth century suggests that the explanation for the specie scarcity lies in the multi-coin monetary standard imposed by the currency laws. Gresham's Law accurately predicts the coins that circulated in Canada, and it is concluded that the colonists suffered from a lack of …
The Optimal Supply of Bank Money
This thesis examines the fluctuations in the money stock of Upper Canada in the 1830s, and in doing so contradicts the existing interpretation of the monetary events, and also sheds further light on the operation of the early specie standard. The model of the monetary system used, incorporates the potential for currency substitution and expectations to affect monetary behaviour.;Banking in Upper Canada is characterized by a system of three collud…
The economic crisis of 1837–1839 in Upper Canada
The Evolution of the Gold Standard in England
In 1816 England officially abandoned bimetallism and made silver coins into tokens that were only limited legal tender. Earlier monetary authorities had lacked the ability to manage a subsidiary coinage, a necessary complement to the monometallic gold standard. A successful token coinage must be both costly to counterfeit and credibly backed to ensure that the tokens do not depreciate to their intrinsic value. These problems were solved in the ni…
Currency depreciation in early modern England and France
The U.S. Banking System From a Northern Exposure
This article asks whether the vaunted comparative stability of the Canadian banking system has been purchased at the cost of creating an oligopoly. We assembled a data set that compares bank failures, lending rates, interest paid on deposits, and related variables over the period 1920 to 1980. Our principal findings are (1) interest rates paid on deposits were generally higher in Canada; (2) interest income received on securities was generally sl…
Indigenous Nations and the Development of the U.S. Economy
Abundant land and strong property rights are conventionally viewed as key factors underpinning U.S. economic development success. This view relies on the “Pristine Myth” of an empty undeveloped land, but the abundant land of North America was already made productive and was the recognized territory of sovereign Indigenous Nations. We demonstrate that the development of strong property rights for European/American settlers was mirrored by the atte…
Why Was Specie Scarce in Colonial Economies? An Analysis of the Canadian Currency, 1796–1830
Colonial economies suffered from a scarcity of specie that traditionally has been attributed to a chronic external drain. An analysis of the Canadian currency in the early nineteenth century suggests that the explanation for the specie scarcity lies in the multi-coin monetary standard imposed by the currency laws. Gresham's Law accurately predicts the coins that circulated in Canada, and it is concluded that the colonists suffered from a lack of …
New Estimates of the Money Stock in France, 1493-1680
The money stock in France from 1493 to 1680 has not been well understood. Changes in the money stock have usually been represented by moving sums of annual mint output. Mint output, however, included large amounts of recoinage, resulting in double-counting. A model of mint output is estimated to determine the amount of recoinage. The money stock estimates are also improved by incorporating a constant rate of loss of coins
The micro-economic effects of financial market structure
Why Did the Bank of Canada Emerge in 1935
Three possible explanations for the emergence of the Canadian central bank in 1935 are examined: that it reflected the need of competitive banking systems for a lender of last resort, that it was necessary to anchor the unregulated Canadian monetary system after abandonment of the gold standard in 1929, and that it was a response to political rather than purely economic pressures. Evidence from a variety of sources (contemporary statements to a R…
The economic crisis of 1837–1839 in Upper Canada
The Persistence of Bimetallism in Nineteenth-Century France
the establishment of a fixed nominal anchor as the key characteristic of commodity money standards.2 That is, while under a fiat money standard the nominal money supplies-and hence to varying degrees nominal exchange rates, interest rates, and prices-are determined by human forces, it is argued that under a commodity money standard nominal exchange rates were fixed and other nominal magnitudes were only to a limited extent subject to design. Yet …
The economic crisis of 1837–1839 in Upper Canada
Why Was Specie Scarce in Colonial Economies? An Analysis of the Canadian Currency, 1796–1830
Colonial economies suffered from a scarcity of specie that traditionally has been attributed to a chronic external drain. An analysis of the Canadian currency in the early nineteenth century suggests that the explanation for the specie scarcity lies in the multi-coin monetary standard imposed by the currency laws. Gresham's Law accurately predicts the coins that circulated in Canada, and it is concluded that the colonists suffered from a lack of …
The Optimal Supply of Bank Money
This thesis examines the fluctuations in the money stock of Upper Canada in the 1830s, and in doing so contradicts the existing interpretation of the monetary events, and also sheds further light on the operation of the early specie standard. The model of the monetary system used, incorporates the potential for currency substitution and expectations to affect monetary behaviour.;Banking in Upper Canada is characterized by a system of three collud…
New Estimates of the Money Stock in France, 1493-1680
The money stock in France from 1493 to 1680 has not been well understood. Changes in the money stock have usually been represented by moving sums of annual mint output. Mint output, however, included large amounts of recoinage, resulting in double-counting. A model of mint output is estimated to determine the amount of recoinage. The money stock estimates are also improved by incorporating a constant rate of loss of coins
Why Did the Bank of Canada Emerge in 1935
Three possible explanations for the emergence of the Canadian central bank in 1935 are examined: that it reflected the need of competitive banking systems for a lender of last resort, that it was necessary to anchor the unregulated Canadian monetary system after abandonment of the gold standard in 1929, and that it was a response to political rather than purely economic pressures. Evidence from a variety of sources (contemporary statements to a R…
Currency depreciation in early modern England and France
The Evolution of the Gold Standard in England
In 1816 England officially abandoned bimetallism and made silver coins into tokens that were only limited legal tender. Earlier monetary authorities had lacked the ability to manage a subsidiary coinage, a necessary complement to the monometallic gold standard. A successful token coinage must be both costly to counterfeit and credibly backed to ensure that the tokens do not depreciate to their intrinsic value. These problems were solved in the ni…
The U.S. Banking System From a Northern Exposure
This article asks whether the vaunted comparative stability of the Canadian banking system has been purchased at the cost of creating an oligopoly. We assembled a data set that compares bank failures, lending rates, interest paid on deposits, and related variables over the period 1920 to 1980. Our principal findings are (1) interest rates paid on deposits were generally higher in Canada; (2) interest income received on securities was generally sl…
The Persistence of Bimetallism in Nineteenth-Century France
the establishment of a fixed nominal anchor as the key characteristic of commodity money standards.2 That is, while under a fiat money standard the nominal money supplies-and hence to varying degrees nominal exchange rates, interest rates, and prices-are determined by human forces, it is argued that under a commodity money standard nominal exchange rates were fixed and other nominal magnitudes were only to a limited extent subject to design. Yet …
The micro-economic effects of financial market structure
From the Athenian tetradrachm to the euro
Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or …)
The financial crisis of 2008 engulfed the banking system of the US and many large European countries. Canada was a notable exception. In this article we argue that the structure of financial systems is path‐dependent. The relative stability of the Canadian banks in the recent crisis compared to the US in our view reflected the original institutional foundations laid in place in the early nineteenth century in the two countries. The Canadian conce…
Christopher Kobrak and Joe Martin. From Wall Street to Bay Street
To write a history of financial markets and institutions in the United States and Canada since their inception is a daunting task indeed, covering as it must banks and banking, insurance, brokerages, trust companies, the products that these institutions trade, and the evolving regulation of the sector. Christopher Kobrak and Joe Martin, the authors of From Wall Street to Bay Street: The Origins and Evolution of American and Canadian Finance, take…
Indigenous Nations and the Development of the U.S. Economy
Abundant land and strong property rights are conventionally viewed as key factors underpinning U.S. economic development success. This view relies on the “Pristine Myth” of an empty undeveloped land, but the abundant land of North America was already made productive and was the recognized territory of sovereign Indigenous Nations. We demonstrate that the development of strong property rights for European/American settlers was mirrored by the atte…
Early modern globalization and the extent of indigenous agency
This paper examines the responses of Indigenous nations and European companies to new trading opportunities: the Cree nations with the Hudson's Bay Company (HBC) and the Khoe nations with the Dutch East India Company [Verenigde Oostindische Compagnie (VOC)]. This case study is important because of the disparate outcomes. Within a few decades the Cree standard of living had increased, while Khoe nations had lost cattle and land. Standard histories…
Economics (14 works) · Business (8 works) · Monetary economics (8 works) · Political science (8 works) · Historical Economic and Social Studies (7 works) · Finance (6 works) · Law (6 works) · Economy (5 works) · Finance (5 works) · Global Financial Crisis and Policies (5 works)