Peter L. Rousseau

Vanderbilt University - Department of Economics

Professor

Box 1819 Station B

Nashville, TN 37235

United States

http://www.vanderbilt.edu/econ/faculty/rousseau.html

  • Vanderbilt University - Department of Economics

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    • Tel: 615-343-2466
    • Fax: 615-343-8495
SCHOLARLY PAPERS

51

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8,498

SSRN CITATIONS
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237

CROSSREF CITATIONS

654

Scholarly Papers (51)

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1.

The Price of Wine

Journal of Financial Economics (JFE), Vol. 118, No. 2, 2015, pages 431–449
Number of pages: 50 Posted: 07 Sep 2013 Last Revised: 19 Mar 2016
Elroy Dimson, Peter L. Rousseau and Christophe Spaenjers
University of Cambridge - Judge Business School, Vanderbilt University - Department of Economics and HEC Paris - Finance Department
Downloads 2,491 (6,572)
Citation 8

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wine prices; alternative investments; price indexes; psychic return; bubbles

2.

Economic Growth and Financial Depth: Is the Relationship Extinct Already?

Downloads 828 ( 35,570)
Citation 8

Economic Growth and Financial Depth: Is the Relationship Extinct Already?

Number of pages: 26 Posted: 27 Oct 2005
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 629 (50,871)
Citation 21

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finance-growth nexus, rolling regression, robustness, cross-country growth

Economic Growth and Financial Depth: Is the Relationship Extinct Already?

NYU Working Paper No. 2451/26108
Number of pages: 26 Posted: 13 Oct 2008
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 199 (185,215)

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finance-growth nexus, rolling regression, robustness, cross-country growth

3.

Inflation, Financial Development and Growth

Downloads 732 ( 42,176)
Citation 6

Inflation, Financial Development and Growth

Number of pages: 14 Posted: 07 Dec 2000
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 732 (41,576)
Citation 6

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Inflation, Financial Development and Growth

ECONOMIC THEORY, DYNAMICS AND MARKETS: ESSAYS IN HONOR OF RYUZO SATO, T. Negishi, R. Ramachandran, K. Mino, eds., Kluwer, 2001
Posted: 26 Jan 2001
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business

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4.

Director Histories and the Pattern of Acquisitions

Journal of Financial and Quantitative Analysis (JFQA), Vol. 50, No. 4, 2015
Number of pages: 57 Posted: 29 Aug 2011 Last Revised: 19 Apr 2016
Peter L. Rousseau and Caleb Stroup
Vanderbilt University - Department of Economics and Davidson College
Downloads 556 (60,287)
Citation 11

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interlocking directorates, board networks, social networks, corporate governance

5.

What is Happening to the Impact of Financial Deepening on Economic Growth?

Downloads 418 ( 85,317)
Citation 77

What is Happening to the Impact of Financial Deepening on Economic Growth?

Number of pages: 24 Posted: 10 Oct 2006
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 231 (160,568)
Citation 25

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finance-growth nexus, rolling regression, robustness, cross-country growth

What is Happening to the Impact of Financial Deepening on Economic Growth?

NYU Working Paper No. 2451/26077
Number of pages: 24 Posted: 13 Oct 2008
Paul Wachtel and Peter L. Rousseau
New York University - Stern School of Business and Vanderbilt University - Department of Economics
Downloads 184 (198,776)
Citation 49

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finance-growth nexus, rolling regression, robustness, cross-country growth

What is Happening to the Impact of Financial Deepening on Economic Growth?

Economic Inquiry, Vol. 49, No. 1, pp. 276-288, 2011
Number of pages: 13 Posted: 12 Jan 2011
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 3 (781,604)
Citation 4
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6.

The Q-Theory of Mergers

NBER Working Paper No. w8740
Number of pages: 15 Posted: 24 Jan 2002
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 353 (103,560)
Citation 14

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7.

Inflation, Financial Development, and Growth: A Trilateral Analysis

Downloads 319 (115,864)
Citation 3

Inflation, Financial Development, and Growth: A Trilateral Analysis

Number of pages: 28 Posted: 13 Jul 2007 Last Revised: 24 Mar 2009
Peter L. Rousseau and HAKAN YILMAZKUDAY
Vanderbilt University - Department of Economics and Florida International University (FIU) - Department of Economics
Downloads 319 (115,132)
Citation 3

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Financial development, Economic growth, Inflation, Cross-country analysis

Inflation, Financial Development and Growth: A Trilateral Analysis

Economic Systems, Vol. 33, No. 4, 2009
Posted: 04 Dec 2009 Last Revised: 27 May 2010
Peter L. Rousseau and HAKAN YILMAZKUDAY
Vanderbilt University - Department of Economics and Florida International University (FIU) - Department of Economics

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Financial depth, Economic growth, Inflation, Cross-country analysis

8.

Change of Control and the Success of China's Share Issue Privatization

Number of pages: 35 Posted: 19 Dec 2006
Peter L. Rousseau and Sheng Xiao
Vanderbilt University - Department of Economics and Westminster College (Utah)
Downloads 271 (137,565)
Citation 1

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state owned enterprises, profitability, event study

9.

Inflation Thresholds and the Finance-Growth Nexus

Downloads 256 (145,754)

Inflation Thresholds and the Finance-Growth Nexus

Number of pages: 23 Posted: 25 Sep 2002
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 256 (145,193)
Citation 20

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Financial development, Economic growth, Inflation, Financial repression, Cross-country regression

Inflation Thresholds and the Finance-Growth Nexus

Journal of International Money and Finance, 2002
Posted: 25 Sep 2002 Last Revised: 17 Jun 2013
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business

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Financial development, Economic growth, Inflation, Financial repression, Cross-country regression

10.

Banks, Stock Markets, and China's 'Great Leap Forward'

Number of pages: 19 Posted: 27 Jul 2006
Peter L. Rousseau and Sheng Xiao
Vanderbilt University - Department of Economics and Westminster College (Utah)
Downloads 219 (169,410)
Citation 3

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finance-growth nexus, investment, stock markets and growth, VAR

11.

Financial Systems, Economic Growth, and Globalization

NBER Working Paper No. w8323
Number of pages: 53 Posted: 15 Jun 2001 Last Revised: 19 Mar 2002
Peter L. Rousseau and Richard Sylla
Vanderbilt University - Department of Economics and New York University - Stern School of Business, Department of Economics
Downloads 158 (226,563)
Citation 6

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12.

A Flight to Q?: Firm Investment and Financing in Korea Before and after the 1997 Financial Crisis

Number of pages: 28 Posted: 24 Oct 2006
Peter L. Rousseau and Jong-Hun Kim
Vanderbilt University - Department of Economics and Vanderbilt University - College of Arts and Science - Department of Economics
Downloads 150 (236,397)
Citation 1

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financial crisis, investment demand, panel data GMM, financing constraints

13.

General Purpose Technologies

NBER Working Paper No. w11093
Number of pages: 53 Posted: 23 Feb 2005 Last Revised: 25 Apr 2021
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 121 (279,307)
Citation 21

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14.

Monetization, Financial Development and Growth: Time Series Evidence from 22 Countries in Sub-Saharan Africa

Number of pages: 48 Posted: 19 Mar 2012 Last Revised: 07 Jun 2013
Peter L. Rousseau and Alexandra D'Onofrio
Vanderbilt University - Department of Economics and Luiss Guido Carli University - Arcelli Center for Monetary and Financial Studies (CASMEF)
Downloads 111 (296,752)
Citation 2

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real money balances, investment, real activity, vector autoregression, vector error correction model

15.

Credit Market Conditions and the Propagation of Korea's 1997 Financial Crisis

Number of pages: 35 Posted: 13 Aug 2006
Peter L. Rousseau and Jong-Hun Kim
Vanderbilt University - Department of Economics and Vanderbilt University - College of Arts and Science - Department of Economics
Downloads 100 (318,653)

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credit crunch, cost of credit intermediation, credit channel, flight to quality

16.

Financial Development, Trade Openness and Growth in the First Wave of Globalization

Number of pages: 14 Posted: 06 Jul 2016
Alexandra D'Onofrio and Peter L. Rousseau
Luiss Guido Carli University - Arcelli Center for Monetary and Financial Studies (CASMEF) and Vanderbilt University - Department of Economics
Downloads 95 (329,288)
Citation 2

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finance-growth nexus, 19th century commerce, panel VAR

17.

Mergers as Reallocation

NBER Working Paper No. w9279
Number of pages: 27 Posted: 19 Oct 2002 Last Revised: 10 May 2021
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 84 (355,403)
Citation 9

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18.

Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837

NBER Working Paper No. w7528
Number of pages: 45 Posted: 20 Feb 2000 Last Revised: 15 Oct 2010
Peter L. Rousseau
Vanderbilt University - Department of Economics
Downloads 75 (379,750)
Citation 4

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19.

Monetization and Growth in Colonial New England, 1703-1749

Downloads 74 (382,591)
Citation 5

Monetization and Growth in Colonial New England, 1703-1749

Number of pages: 20 Posted: 09 Jul 2010
Peter L. Rousseau and Caleb Stroup
Vanderbilt University - Department of Economics and Davidson College
Downloads 61 (429,349)
Citation 4

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Paper money, bills of credit, seigniorage, land bank, colonial America, Finance and growth, vector error correction model

Monetization and Growth in Colonial New England, 1703-1749

NBER Working Paper No. w16190
Number of pages: 21 Posted: 19 Jul 2010 Last Revised: 28 Sep 2010
Peter L. Rousseau and Caleb Stroup
Vanderbilt University - Department of Economics and Davidson College
Downloads 13 (697,095)

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20.

Interest Rates and Initial Public Offerings

NBER Working Paper No. w10298
Number of pages: 24 Posted: 17 Feb 2004 Last Revised: 21 Feb 2021
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 74 (382,591)

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21.

Historical Perspectives on Financial Development and Economic Growth

NBER Working Paper No. w9333
Number of pages: 49 Posted: 25 Nov 2002 Last Revised: 30 Oct 2010
Peter L. Rousseau
Vanderbilt University - Department of Economics
Downloads 72 (388,350)
Citation 3

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22.

Episodes of Financial Deepening: Credit Booms or Growth Generators

Financial Systems and Economic Growth: Credit, Crises, and Regulation from the 19th Century to the Present. (P. L. Rousseau and P. Wachtel, eds.). Cambridge University Press, Forthcoming.
Number of pages: 31 Posted: 06 Jul 2016
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business
Downloads 67 (403,681)

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finance-growth nexus, Atlantic economies, financial deepening, financial crisis

23.

Why Wait? a Century of Life Before IPO

NBER Working Paper No. w8081
Number of pages: 16 Posted: 13 Jan 2001 Last Revised: 31 Jan 2021
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 66 (406,916)
Citation 3

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24.

Vintage Organization Capital

NBER Working Paper No. w8166
Number of pages: 33 Posted: 16 Mar 2001 Last Revised: 05 Oct 2001
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 59 (430,396)

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25.

Emerging Financial Markets and Early U.S. Growth

NBER Working Paper No. w7448
Number of pages: 56 Posted: 05 Nov 1999 Last Revised: 24 Oct 2014
Peter L. Rousseau and Richard Sylla
Vanderbilt University - Department of Economics and New York University - Stern School of Business, Department of Economics
Downloads 58 (434,007)
Citation 1

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26.

The Q-Theory of Ipos

NYU Working Paper No. S-MF-03-17
Number of pages: 29 Posted: 12 Nov 2008
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 54 (448,621)

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27.

Moore's Law and Learning-by-Doing

NBER Working Paper No. w8762
Number of pages: 31 Posted: 02 Feb 2002 Last Revised: 03 Feb 2015
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 53 (452,362)

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28.

Liquidity Effects in the Bond Market

NBER Working Paper No. w8597
Number of pages: 41 Posted: 17 Nov 2001 Last Revised: 24 Oct 2010
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 51 (459,974)

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29.

Politics on the Road to the U.S. Monetary Union

Number of pages: 31 Posted: 26 Feb 2013
Peter L. Rousseau
Vanderbilt University - Department of Economics
Downloads 48 (472,001)
Citation 1

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colonial currency, Bank of the United States, Jacksonian monetary policy, free banking, National Banking System, Federal Reserve System

30.

Historical Evidence on the Finance-Trade-Growth Nexus

NBER Working Paper No. w17024
Number of pages: 25 Posted: 09 May 2011 Last Revised: 16 May 2011
Michael D. Bordo and Peter L. Rousseau
Rutgers University, New Brunswick - Department of Economics and Vanderbilt University - Department of Economics
Downloads 43 (493,351)
Citation 1

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31.

Panic and Propagation in 1873: A Computational Network Approach

Number of pages: 43 Posted: 31 Mar 2018 Last Revised: 17 Apr 2018
Daniel Ladley and Peter L. Rousseau
University of Leicester - School of Business and Vanderbilt University - Department of Economics
Downloads 42 (497,769)

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Panic of 1873, Reserve System, Crisis, Systemic Risk, Network

32.

A Common Currency: Early U.S. Monetary Policy and the Transition to the Dollar

NBER Working Paper No. w10702
Number of pages: 38 Posted: 13 Sep 2004
Peter L. Rousseau
Vanderbilt University - Department of Economics
Downloads 42 (497,769)
Citation 2

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33.

Credit Buildups and the Stock Market in Four East Asian Economies

Number of pages: 31 Posted: 21 Jun 2011
Peter L. Rousseau and Jong-Hun Kim
Vanderbilt University - Department of Economics and Vanderbilt University - College of Arts and Science - Department of Economics
Downloads 40 (506,927)
Citation 1

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credit saturation, finance and growth, East Asian financial crisis

34.

Extensive and Intensive Investment Over the Business Cycle

NBER Working Paper No. w14960
Number of pages: 29 Posted: 19 May 2009 Last Revised: 19 May 2021
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 39 (511,523)
Citation 3

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35.

Share Liquidity and Industrial Growth in an Emerging Market: the Case of New England, 1854-1897

NBER Working Paper No. h0117
Number of pages: 44 Posted: 08 May 2000 Last Revised: 29 Apr 2021
Peter L. Rousseau
Vanderbilt University - Department of Economics
Downloads 35 (531,135)

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36.

Legal-Political Factors and the Historical Evolution of the Finance-Growth Link

NBER Working Paper No. w12035
Number of pages: 33 Posted: 04 May 2006 Last Revised: 22 May 2021
Michael D. Bordo and Peter L. Rousseau
Rutgers University, New Brunswick - Department of Economics and Vanderbilt University - Department of Economics
Downloads 33 (541,531)
Citation 4

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37.

Backing, the Quantity Theory, and the Transition to the U.S. Dollar, 1723-1850

NBER Working Paper No. w12835
Number of pages: 12 Posted: 20 Jan 2007 Last Revised: 29 Jul 2010
Peter L. Rousseau
Vanderbilt University - Department of Economics
Downloads 30 (557,743)
Citation 2

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38.

Banks, Free Banks, and U.S. Economic Growth

Downloads 28 (569,409)
Citation 12

Banks, Free Banks, and U.S. Economic Growth

NBER Working Paper No. w18021
Number of pages: 39 Posted: 28 Apr 2012 Last Revised: 29 Mar 2021
Matthew Jaremski and Peter L. Rousseau
Utah State University - Huntsman School of Business and Vanderbilt University - Department of Economics
Downloads 27 (591,844)
Citation 1

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Banks, Free Banks, and U.S. Economic Growth

Economic Inquiry, Vol. 51, Issue 2, pp. 1603-1621, 2013
Number of pages: 19 Posted: 27 Feb 2013
Matthew Jaremski and Peter L. Rousseau
Utah State University - Huntsman School of Business and Vanderbilt University - Department of Economics
Downloads 1 (805,905)
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39.

Business Activity and the Boston Stock Market, 1835-1869

NBER Working Paper No. h0103
Number of pages: 55 Posted: 20 Jul 2000
Jeremy Atack and Peter L. Rousseau
Vanderbilt University - College of Arts and Science - Department of Economics and Vanderbilt University - Department of Economics
Downloads 28 (569,409)
Citation 4

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40.

Monetary Policy and the Dollar

NBER Working Paper No. w14993
Number of pages: 42 Posted: 26 May 2009 Last Revised: 05 Aug 2010
Peter L. Rousseau
Vanderbilt University - Department of Economics
Downloads 27 (575,503)

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41.

The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897

NBER Working Paper No. w15770
Number of pages: 33 Posted: 22 Feb 2010 Last Revised: 06 Aug 2010
Peter L. Rousseau
Vanderbilt University - Department of Economics
Downloads 18 (635,357)

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42.

The Dawn of an ‘Age of Deposits’ in the United States

NBER Working Paper No. w21503
Number of pages: 39 Posted: 31 Aug 2015 Last Revised: 04 Apr 2021
Matthew Jaremski and Peter L. Rousseau
Utah State University - Huntsman School of Business and Vanderbilt University - Department of Economics
Downloads 17 (642,271)
Citation 1

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43.

Government, Openness and Finance: Past and Present

NBER Working Paper No. w16462
Number of pages: 28 Posted: 18 Oct 2010
Panicos Demetriadis and Peter L. Rousseau
affiliation not provided to SSRN and Vanderbilt University - Department of Economics
Downloads 16 (649,381)

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44.

Specific Capital and Technological Variety

NBER Working Paper No. w13998
Number of pages: 29 Posted: 16 May 2008 Last Revised: 02 Apr 2021
Boyan Jovanovic and Peter L. Rousseau
New York University - Department of Economics and Vanderbilt University - Department of Economics
Downloads 14 (663,994)

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45.

Jackson, the Bank War, and the Legacy of the Second Bank of the United States

Number of pages: 15 Posted: 18 Feb 2021
Peter L. Rousseau
Vanderbilt University - Department of Economics
Downloads 9 (701,947)

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Bank of the United States, Jacksonian monetary policy, central banking, Federal Reserve.

46.

American Banking and the Transportation Revolution Before the Civil War

NBER Working Paper No. w20198
Number of pages: 60 Posted: 11 Jun 2014
Jeremy Atack, Matthew Jaremski and Peter L. Rousseau
Vanderbilt University - College of Arts and Science - Department of Economics, Utah State University - Huntsman School of Business and Vanderbilt University - Department of Economics
Downloads 9 (701,947)
Citation 2

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47.

Did Railroads Make Antebellum U.S. Banks More Sound?

NBER Working Paper No. w20032
Number of pages: 40 Posted: 14 Apr 2014 Last Revised: 28 Mar 2021
Jeremy Atack, Matthew Jaremski and Peter L. Rousseau
Vanderbilt University - College of Arts and Science - Department of Economics, Utah State University - Huntsman School of Business and Vanderbilt University - Department of Economics
Downloads 9 (701,947)

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48.

Private Equity and Growth

NBER Working Paper No. w28030
Number of pages: 54 Posted: 02 Nov 2020 Last Revised: 01 Feb 2021
Boyan Jovanovic, Sai Ma and Peter L. Rousseau
New York University - Department of Economics, Board of Governors of the Federal Reserve System and Vanderbilt University - Department of Economics
Downloads 3 (748,917)
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49.

Government, Openness and Finance: Past and Present

The Manchester School, Vol. 79, pp. 98-115, 2011
Number of pages: 18 Posted: 02 Sep 2011
Panicos Demetriades and Peter L. Rousseau
University of Leicester - Department of Economics and Vanderbilt University - Department of Economics
Downloads 3 (748,917)
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50.

The Permanent Effects of Innovation on Financial Depth: Theory and U.S. Historical Evidence from Unobservable Components Models

Journal of Monetary Economics, Vol. 42, No. 2, October 1998
Posted: 19 Sep 1998
Peter L. Rousseau
Vanderbilt University - Department of Economics

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51.

Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries

Journal of Money, Credit and Banking, Vol. 30, No. 3, Part 2 (November 1998)
Posted: 13 Apr 1998
Peter L. Rousseau and Paul Wachtel
Vanderbilt University - Department of Economics and New York University - Stern School of Business

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