Economics, Political Institutions, and Financial Markets II:

Institutional Theory and Evidence from Europe, the United States, and Latin America

A Conference of the Social Science History Institute, Stanford University

FEBRUARY 4th and 5th, 2005

SIEPR Conference Room A, Landau Economics Building

 

Friday, February 4th

9:00-9:30 AM               Breakfast

9:30-9:45 AM               Introduction and Foundations

Stephen Haber and Barry Weingast (Stanford University and Hoover Institution)

9:45 AM-12:30 PM             Session I: Politics and Finance—Cross-National Analyses

Ross Levine (University of Minnesota)

"The Microeconomic Effects of Different Approaches to Bank Supervision"

Peter Gourevitch (U.C.-San Diego)

"Political Drivers of Diverging Corporate Governance Patterns"

Coffee Break

Phil Keefer (World Bank)

"Beyond Legal Origin and Checks and Balances: Political Credibility, Citizen Information and Financial Sector Development"

12:30-2:00   PM       Lunch

2:00-4:00 PM               Session 2: Public Finance and the Development of Banking Systems I

Richard Sylla (New York University)

"The Political Economy of U.S. Financial Development"

John Wallis (University of Maryland)

"Answering Mary Shirley's Question: Or What Can the World Bank Learn from American History?"

6:30 PM                        Conference Dinner

Evvia Estiatorio, 420 Emerson Street, Palo Alto

 

Saturday, February 5th

9:30-10:00 AM             Breakfast

10:00 AM-12:00 PM             Session 3: Public Finance and the Development of Banking Systems II

Stephen Haber (Stanford University and Hoover Institution)

"Political Institutions and Economic Development: Evidence from the Banking Systems of the United States and Mexico"

William Summerhill (UCLA)

"Political Economics of the Domestic Debt in 19th Century Brazil"

12:00-1:00 PM             Lunch

1:00-3:00 PM               Session 4: Legal Tradition and Financial Systems

Naomi Lamoreaux and Jean-Laurent Rosenthal (UCLA)

"Organizing Middle-Sized Firms in the United States and France, 1830-2000"

Aldo Musacchio (Harvard Business School)

"Can Civil Law Countries Get It Right? Bankruptcy Law, Creditor Rights, and Financial Market Development in Southeastern Brazil, 1890-1940"

3:00-3:30 PM               Session 5: Concluding Discussion

Douglass North (Washington University and Hoover Institution) and Mary Shirley (Ronald Coase Institute)

This conference was made possible by the generous support of the William and Flora Hewlett Foundation and the Bechtel Program on Global Change.