Peter L Rousseau
Biographic Data
| ID | 1161485 |
|---|---|
| NAME | Peter L Rousseau |
| GIVEN NAMES | Peter L |
| FAMILY NAME | Rousseau |
| SIGNATURE | ROUSSEAU P L |
| AFFILIATIONS | Vanderbilt University |
| VERIFIED | No |
| TOTAL WORKS | 15 |
| TOTAL CITATIONS | 84 |
| AUTHOR COUNT | 15 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1999 |
| LATEST PUBLICATION YEAR | 2014 |
| H-INDEX | 5 |
Extensive and Intensive Investment over the Business Cycle
Investment of US firms responds asymmetrically to Tobin’s Q: investment of established firms—“intensive” investment—reacts negatively to Q whereas investment of new firms—“extensive” investment—responds positively and elastically to Q. This asymmetry, we argue, reflects a difference between established and new firms in the cost of adopting new technologies. A fall in the compatibility of new capital with old capital raises measured Q and reduces …
American Banking and the Transportation Revolution before the Civil War
Studies have shown a connection between finance and growth, but most do not consider how financial and real factors interact to put a virtuous cycle of economic development into motion. As the main transportation advance of the nineteenth century, railroads connected established commercial centers and made unsettled areas along their routes better candidates for development. We measure the strength of links between railroads and banks in seven Mi…
Monetization, Financial Development, and Growth: Time Series Evidence from 22 Countries in Sub-Saharan Africa
Monetization and growth in colonial New England, 1703–1749
The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897
The rapid growth of deposits in New York over the late nineteenth century is often attributed to the release of pent-up demand for transactions services. I advance a complementary explanation that emphasizes the market for bank shares. The stock market was important because it generated quotations that signaled depositors about the condition of individual banks as innovations in banking practices allowed confidence to grow. A new database of pric…
Share liquidity, participation, and growth of the Boston market for industrial equities, 1854–1897
Mergers as Reallocation
We model merger waves as reallocation waves, and argue that mergers spread new technology in a way that is similar to that of the entry and exit of firms. We focus on two periods: 1890–1930, during which electricity and the internal combustion engine spread through the U.S. economy, and 1970–2000—the Information Age. As the model implies, reallocation did rise during both epochs. The model also implies that exits should lead mergers during a tran…
Financial revolutions and economic growth: Introducing this EEH symposium
Emerging financial markets and early US growth
Emerging financial markets and early US growth*1
The Wealth of Nations Rediscovered: Integration and Expansion in American Financial Markets 1780–1850
Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837
A number of hypotheses attempt to disentangle the “true” causes of the Panic of 1837 from domestic and international factors that came into play as the crisis approached. I analyze U.S. government documents and contemporary newspapers to reconsider the role of domestic factors. These sources place neither the official distribution of the federal surplus nor an international shock at the center. Rather, a series of interbank transfers of governmen…
Post-independence India: A case of finance-led industrialization
The Boston Market for Banking and Industrial Equities, 1835–1897
(2000). The Boston Market for Banking and Industrial Equities, 1835–1897. Historical Methods: A Journal of Quantitative and Interdisciplinary History: Vol. 33, No. 3, pp. 163-169
Business Activity and the Boston Stock Market, 1835–1869
Emerging financial markets and early US growth
Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837
A number of hypotheses attempt to disentangle the “true” causes of the Panic of 1837 from domestic and international factors that came into play as the crisis approached. I analyze U.S. government documents and contemporary newspapers to reconsider the role of domestic factors. These sources place neither the official distribution of the federal surplus nor an international shock at the center. Rather, a series of interbank transfers of governmen…
Financial revolutions and economic growth: Introducing this EEH symposium
Share liquidity, participation, and growth of the Boston market for industrial equities, 1854–1897
Post-independence India: A case of finance-led industrialization
American Banking and the Transportation Revolution before the Civil War
Studies have shown a connection between finance and growth, but most do not consider how financial and real factors interact to put a virtuous cycle of economic development into motion. As the main transportation advance of the nineteenth century, railroads connected established commercial centers and made unsettled areas along their routes better candidates for development. We measure the strength of links between railroads and banks in seven Mi…
Monetization, Financial Development, and Growth: Time Series Evidence from 22 Countries in Sub-Saharan Africa
Business Activity and the Boston Stock Market, 1835–1869
Monetization and growth in colonial New England, 1703–1749
Emerging financial markets and early US growth*1
The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897
The rapid growth of deposits in New York over the late nineteenth century is often attributed to the release of pent-up demand for transactions services. I advance a complementary explanation that emphasizes the market for bank shares. The stock market was important because it generated quotations that signaled depositors about the condition of individual banks as innovations in banking practices allowed confidence to grow. A new database of pric…
The Boston Market for Banking and Industrial Equities, 1835–1897
(2000). The Boston Market for Banking and Industrial Equities, 1835–1897. Historical Methods: A Journal of Quantitative and Interdisciplinary History: Vol. 33, No. 3, pp. 163-169
Business Activity and the Boston Stock Market, 1835–1869
The Boston Market for Banking and Industrial Equities, 1835–1897
(2000). The Boston Market for Banking and Industrial Equities, 1835–1897. Historical Methods: A Journal of Quantitative and Interdisciplinary History: Vol. 33, No. 3, pp. 163-169
Post-independence India: A case of finance-led industrialization
Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837
A number of hypotheses attempt to disentangle the “true” causes of the Panic of 1837 from domestic and international factors that came into play as the crisis approached. I analyze U.S. government documents and contemporary newspapers to reconsider the role of domestic factors. These sources place neither the official distribution of the federal surplus nor an international shock at the center. Rather, a series of interbank transfers of governmen…
Emerging financial markets and early US growth*1
The Wealth of Nations Rediscovered: Integration and Expansion in American Financial Markets 1780–1850
Emerging financial markets and early US growth
Financial revolutions and economic growth: Introducing this EEH symposium
Mergers as Reallocation
We model merger waves as reallocation waves, and argue that mergers spread new technology in a way that is similar to that of the entry and exit of firms. We focus on two periods: 1890–1930, during which electricity and the internal combustion engine spread through the U.S. economy, and 1970–2000—the Information Age. As the model implies, reallocation did rise during both epochs. The model also implies that exits should lead mergers during a tran…
Share liquidity, participation, and growth of the Boston market for industrial equities, 1854–1897
Monetization and growth in colonial New England, 1703–1749
The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897
The rapid growth of deposits in New York over the late nineteenth century is often attributed to the release of pent-up demand for transactions services. I advance a complementary explanation that emphasizes the market for bank shares. The stock market was important because it generated quotations that signaled depositors about the condition of individual banks as innovations in banking practices allowed confidence to grow. A new database of pric…
Monetization, Financial Development, and Growth: Time Series Evidence from 22 Countries in Sub-Saharan Africa
Extensive and Intensive Investment over the Business Cycle
Investment of US firms responds asymmetrically to Tobin’s Q: investment of established firms—“intensive” investment—reacts negatively to Q whereas investment of new firms—“extensive” investment—responds positively and elastically to Q. This asymmetry, we argue, reflects a difference between established and new firms in the cost of adopting new technologies. A fall in the compatibility of new capital with old capital raises measured Q and reduces …
American Banking and the Transportation Revolution before the Civil War
Studies have shown a connection between finance and growth, but most do not consider how financial and real factors interact to put a virtuous cycle of economic development into motion. As the main transportation advance of the nineteenth century, railroads connected established commercial centers and made unsettled areas along their routes better candidates for development. We measure the strength of links between railroads and banks in seven Mi…
Economics (15 works) · Business (10 works) · Finance (10 works) · Historical Economic and Social Studies (9 works) · Finance (8 works) · Financial system (7 works) · Monetary economics (7 works) · Monetary Policy and Economic Impact (6 works) · Political science (6 works) · Macroeconomics (5 works)