J Peter Ferderer
Biographic Data
| ID | 2232832 |
|---|---|
| NAME | J Peter Ferderer |
| GIVEN NAMES | J Peter |
| FAMILY NAME | Ferderer |
| SIGNATURE | FERDERER J P |
| AFFILIATIONS | Macalester College |
| VERIFIED | No |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 10 |
| AUTHOR COUNT | 4 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1994 |
| LATEST PUBLICATION YEAR | 2008 |
| H-INDEX | 2 |
Advances in Communication Technology and Growth of the American Over-the-Counter Markets, 1876–1929
The rapid development of the nationwide telephone network following the expiration of the Bell patents in 1894, along with expansion of private wire telegraph networks, created the “nerve center” necessary for rapid growth in the decentralized, dealer-intermediated, over-the-counter security markets. Using membership roles from the National Quotation Bureau—the predecessor of the NASDAQ—I link growth in the number of dealers to the expansion of t…
Institutional Innovation and the Creation of Liquid Financial Markets
With passage of the Federal Reserve Act in 1913, the institutional structure necessary to support an American market for bankers' acceptances was created. This article examines the development of the secondary market for bankers' acceptances during its first 20 years. It provides evidence that discount market liquidity increased dramatically during the 1920s and helped the dollar acceptance challenge the sterling bill as an important source of tr…
To Raise the Golden Anchor? Financial Crises and Uncertainty During the Great Depression
This study examines the interplay between financial crises, uncertainty, and economic growth during the interwar period. Comparing the experiences of ten countries, we provide evidence that reductions in the credibility of a country's commitment to the gold standard generated capital flight and higher interest rate volatility. This volatility, in turn, was inversely correlated with economic growth. These results suggest that financial crises help…
Uncertainty as a Propagating Force in The Great Depression
This article argues that the banking crises and collapse of the international gold standard in the early 1930s contributed to the severity of the Great Depression by increasing interest-rate uncertainty. Two pieces of evidence support this conclusion. First, uncertainty (as measured by the risk premium embedded in the term structure of interest rates) rises during the banking crises and is positively linked to financial-market volatility associat…
Uncertainty as a Propagating Force in The Great Depression
This article argues that the banking crises and collapse of the international gold standard in the early 1930s contributed to the severity of the Great Depression by increasing interest-rate uncertainty. Two pieces of evidence support this conclusion. First, uncertainty (as measured by the risk premium embedded in the term structure of interest rates) rises during the banking crises and is positively linked to financial-market volatility associat…
Institutional Innovation and the Creation of Liquid Financial Markets
With passage of the Federal Reserve Act in 1913, the institutional structure necessary to support an American market for bankers' acceptances was created. This article examines the development of the secondary market for bankers' acceptances during its first 20 years. It provides evidence that discount market liquidity increased dramatically during the 1920s and helped the dollar acceptance challenge the sterling bill as an important source of tr…
Advances in Communication Technology and Growth of the American Over-the-Counter Markets, 1876–1929
The rapid development of the nationwide telephone network following the expiration of the Bell patents in 1894, along with expansion of private wire telegraph networks, created the “nerve center” necessary for rapid growth in the decentralized, dealer-intermediated, over-the-counter security markets. Using membership roles from the National Quotation Bureau—the predecessor of the NASDAQ—I link growth in the number of dealers to the expansion of t…
To Raise the Golden Anchor? Financial Crises and Uncertainty During the Great Depression
This study examines the interplay between financial crises, uncertainty, and economic growth during the interwar period. Comparing the experiences of ten countries, we provide evidence that reductions in the credibility of a country's commitment to the gold standard generated capital flight and higher interest rate volatility. This volatility, in turn, was inversely correlated with economic growth. These results suggest that financial crises help…
Uncertainty as a Propagating Force in The Great Depression
This article argues that the banking crises and collapse of the international gold standard in the early 1930s contributed to the severity of the Great Depression by increasing interest-rate uncertainty. Two pieces of evidence support this conclusion. First, uncertainty (as measured by the risk premium embedded in the term structure of interest rates) rises during the banking crises and is positively linked to financial-market volatility associat…
To Raise the Golden Anchor? Financial Crises and Uncertainty During the Great Depression
This study examines the interplay between financial crises, uncertainty, and economic growth during the interwar period. Comparing the experiences of ten countries, we provide evidence that reductions in the credibility of a country's commitment to the gold standard generated capital flight and higher interest rate volatility. This volatility, in turn, was inversely correlated with economic growth. These results suggest that financial crises help…
Institutional Innovation and the Creation of Liquid Financial Markets
With passage of the Federal Reserve Act in 1913, the institutional structure necessary to support an American market for bankers' acceptances was created. This article examines the development of the secondary market for bankers' acceptances during its first 20 years. It provides evidence that discount market liquidity increased dramatically during the 1920s and helped the dollar acceptance challenge the sterling bill as an important source of tr…
Advances in Communication Technology and Growth of the American Over-the-Counter Markets, 1876–1929
The rapid development of the nationwide telephone network following the expiration of the Bell patents in 1894, along with expansion of private wire telegraph networks, created the “nerve center” necessary for rapid growth in the decentralized, dealer-intermediated, over-the-counter security markets. Using membership roles from the National Quotation Bureau—the predecessor of the NASDAQ—I link growth in the number of dealers to the expansion of t…
Economics (4 works) · Global Financial Crisis and Policies (3 works) · Business (2 works) · Finance (2 works) · Finance (2 works) · Financial crisis (2 works) · Financial market (2 works) · Geography (2 works) · Great Depression (2 works) · Macroeconomics (2 works)