Economics & Business

Patrick Van Horn

Assistant Professor of Economics

Areas of expertise

Money and Banking, Macroeconomics, Financial Economics, Economic History, Monetary Policy, Banking Regulation, and Financial Crises.



My current research agenda concerns financial institutions in historical perspective. Specifically, I investigate the behavior of financial institutions before, during, and after a financial crisis, as well as the regulatory response by the Federal Reserve. My early papers have focused on banks in New York City during the Great Depression. My current projects are focusing on larger issues, such as the flow of credit over multiple regulatory regimes in banking history, how prudent regulation during economic booms can lead to financial stability during the following correction, and the effects of the media coverage on bank failures in the 1930s. My future work will use the base of research I have accumulated on financial distress in the 1930s to address more contemporary issues concerning regulation of the financial sector.


Education

Ph.D. , University of California, Irvine 2007
M.S., University of California, Irvine 2004
B.A., Stephen F. Austin State University 2001

Seminars & Presentations

2016

• Allied Social Science Association (ASSA) Meetings in San Franciso, California. “Commercial Bank

Leverage and Regulatory Regimes: Comparative Evidence from the Great Depression and Great

Recession” with Christoffer Koch and Gary Richardson. Dallas, Texas. May 20-21. (Paper invited to the AER: Papers and Proceedings issue)

2015

• Applied Microeconomics Conference hosted by the Federal Reserve System. “Commercial Bank

Leverage and Regulatory Regimes: Comparative Evidence from the Great Depression and Great

Recession” with Christoffer Koch and Gary Richardson. Dallas, Texas. May 20-21.

• NBER Summer Institute, Development of the American Economy (DAE) Workshop, ”Commercial Bank

Leverage and Regulatory Regimes: Comparative Evidence from the Great Depression and Great

Recession” with Christoffer Koch and Gary Richardson. Cambridge, Massachusetts. July 7.

2014

• Central Banking in Historical Perspective: One Hundred Years of the Federal Reserve,,” Did the

Reserve Requirement Increments of 1936-1937 Reduce Bank Lending? Evidence from a Natural

Experiment” with Haelim Park. San Francisco, California. March 7.

• Midwest Economics Association Meetings, ” Did the Reserve Requirement Increments of 1936-1937

Reduce Bank Lending? Evidence from a Natural Experiment” with Haelim Park. Chicago, Illinois.

March 22.

• NBER Summer Institute, Monetary Economics Workshop, ” Did the Reserve Requirement Increments of

1936-1937 Reduce Bank Lending? Evidence from a Natural Experiment” with Haelim Park. Cambridge,

MA. July 7.

2013

• Walk the Talk? Challenges for Monetary Policy Actions and Communications in Uncertain Times, “Did

the Reserve Requirement Increments of 1936-1937 Reduce Bank Lending? Evidence from a Natural

Experiment” with Haelim Park. Waterloo, Canada. August 8.

• Economic History Association Meetings,” Did the Reserve Requirement Increments of 1936-1937

Reduce Bank Lending? Evidence from a Natural Experiment” with Haelim Park. Washington, D.C.

September 17.

2012

• The euro: (Greek) Tragedy or Europe’s Destiny? “When the Music Stopped: Transatlantic Contagion

During the Financial Crisis of 1931” with Gary Richardson. Nuremberg, Germany.

• Workshop on Financial Stability, When the Music Stopped: Transatlantic Contagion During the

Financial Crisis of 1931,” with Gary Richardson Munster, Germany, April 12.

• Macroeconomics Research at Liberal Arts Colleges, “When the Music Stopped: Transatlantic Contagion

During the Financial Crisis of 1931.” with Gary Richardson. Lafayette College, Easton, PA. August

2012.

2011

• Allied Social Science Association (ASSA) Meetings, Denver, Colorado. “When the Music Stopped: New

York Banks During the International Financial Crisis of 1931” (with Gary Richardson, UC Irvine).

• Economic and Business History Society Conference (April 2011) Columbus, Ohio. “We’ve Been Here

Before: Leverage, Speculation, and the Ohio Banking Panic of 1854”

• Economic History Association Meetings (September 2011). “When the Music Stopped: Transatlantic

Contagion During the Financial Crisis of 1931” (with Gary Richardson).

2010

• Allied Social Science Association (ASSA) Meetings (Discussant), Atlanta, Georgia.

• University of California, Irvine “Credit Expansion and Contraction during the Great Depression: An

Empirical Examination of Search Models of Credit Markets” with Haelim Park(March 2010)

• University of California, Merced, Credit Expansion and Contraction during the Great Depression: An

Empirical Examination of Search Models of Credit Markets” with Haelim Park (March 2010)

2009

• Midwestern Economic Association Meetings, Cleveland, Ohio (March 2009), Economic and Business

History Conference, Grand Rapids, Michigan (April 2009)

• Causes and Consequences of the German Financial Crisis in National and International Perspective,

Bonn, Germany (September 2009)

• Social Science History Association Meetings, Long Beach, California ( scheduled, November 2009).

2008

• Sixth World Congress of Cliometrics, Edinburgh, Scotland. (July 2008).

• Economic History Association, New Haven, Connecticut (September 2008)

• Social Science History Association Conference, Miami, Florida. (October 2008)

• Southern Economic Association, Washington, D.C. (November 2008).

2007

• Social Science History Association Conference, Chicago, Illinois. (November 2007).

• Economic History Seminar, University of Michigan at Ann Arbor (October 2007).

2006

• Southern Economic Association Conference in Charleston, South Carolina. (November 2006).

• Social Science History Association Conference in Minneapolis, Minnesota (November 2006).

• Economic History Association Conference in Pittsburgh, Pennsylvania (September 2006).

• All-UC Group in Economic History Conference in Riverside, California (May 2006).


Research

Refereed Publications:

“Did the Reserve Requirement Increments of 1936-1937 Reduce Bank Lending? Evidence from a Natural

Experiment” with Haelim Park, Journal of Money, Credit, and Banking.

 

“Fetters of Debt, Deposit, or Gold? The International Propagation of the Banking Crisis of 1931” with Gary

Richardson, NBER Working Paper #w12983, Economic History Yearbook, December, 2011. (In German and

English).

 

“The Small, Private Banker in New York and Regulatory Change, 1893-1933”, Essays in Economic and Business History, May 2010.

 

“Intensified Regulatory Scrutiny and Bank Distress in New York City during the Depression” with Gary

Richardson, NBER Working Paper #w14120. Journal of Economic History , June 2009.


Research

Refereed Publications:

“Did the Reserve Requirement Increments of 1936-1937 Reduce Bank Lending? Evidence from a Natural

Experiment” with Haelim Park, Journal of Money, Credit, and Banking.

 

“Fetters of Debt, Deposit, or Gold? The International Propagation of the Banking Crisis of 1931” with Gary

Richardson, NBER Working Paper #w12983, Economic History Yearbook, December, 2011. (In German and

English).

 

“The Small, Private Banker in New York and Regulatory Change, 1893-1933”, Essays in Economic and Business History, May 2010.

 

“Intensified Regulatory Scrutiny and Bank Distress in New York City during the Depression” with Gary

Richardson, NBER Working Paper #w14120. Journal of Economic History , June 2009.

 

Other Publications:

“The Currency Act of 1863” The Political Lincoln: An Encyclopedia. Eds. Paul Finkelman and Martin

Hershock. Congressional Quarterly, Inc. 2008.

 

“The National Banking Act of 1864.” The Political Lincoln: An Encyclopedia. Eds. Paul Finkelman and

Martin Hershock. Congressional Quarterly, Inc. 2008.

 

Working Papers:

“When the Music Stopped: Transatlantic Contagion During the Financial Crisis of 1931” with Gary

Richardson. NBER Working Paper #w17437. Revise and resubmit.

 

“Excess Reserves during the Great Contraction: Evidence from the Central Money Market of New York

City, 1929 to 1932.” Under review.

 

“Leverage, Liability, and Commercial Banks: Evidence from the Booms Before the Great Depression and Great Recession” with Christoffer Koch and Gary Richardson.

 

Research Ideas in Progress

“Did the Establishment of the Federal Reserve Reduce Competition in the Banking Sector?”

 

“Time to Panic! Risk Management and Lending Behavior in the Panic of 1857.” with Nick Sivon

(undergraduate student at Southwestern University).