WorldCat Identities

Tallman, Ellis W. (Ellis William) 1958-

Overview
Works: 54 works in 122 publications in 1 language and 726 library holdings
Genres: History 
Roles: Author
Classifications: HB3722, 338.5420973
Publication Timeline
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Most widely held works by Ellis W Tallman
Fighting financial crises : learning from the past by Gary Gorton( Book )

9 editions published between 2018 and 2019 in English and held by 264 WorldCat member libraries worldwide

If you've got some money in the bank, chances are you've never seriously worried about not being able to withdraw it. But there was a time in the United States, an era that ended just over a hundred years ago, in which bank customers had to pay close attention to whether the banking system would remain solvent, knowing they might have to rush to retrieve their savings before the bank collapsed. During the National Banking Era (1863-1913), before the establishment of the Federal Reserve, widespread banking panics were indeed rather common. --
Too-Big-To-Fail Before the Fed by Gary Gorton( )

5 editions published in 2016 in English and held by 49 WorldCat member libraries worldwide

"Too-big-to-fail" is consistent with policies followed by private bank clearing houses during financial crises in the U.S. National Banking Era prior to the existence of the Federal Reserve System. Private bank clearing houses provided emergency lending to member banks during financial crises. This behavior strongly suggests that "too-big-to-fail" is not the problem causing modern crises. Rather it is a reasonable response to the threat posed to large banks by the vulnerability of short-term debt to runs
How did pre-fed banking panics end? by Gary Gorton( )

5 editions published in 2016 in English and held by 47 WorldCat member libraries worldwide

How did pre-Fed banking crises end? How did depositors' beliefs change? During the National Banking Era, 1863-1914, banks responded to the severe panics by suspending convertibility, that is, they refused to exchange cash for their liabilities (checking accounts). At the start of the suspension period, the private clearing houses cut off bank-specific information. Member banks were legally united into a single entity by the issuance of emergency loan certificates, a joint liability. A new market for certified checks opened, pricing the risk of clearing house failure. Certified checks traded at a discount to cash (a currency premium) in a market that opened during the suspension period. Confidence was restored when the currency premium reached zero
The information content of financial aggregates in Australia by Ellis W Tallman( Book )

5 editions published in 1996 in English and held by 41 WorldCat member libraries worldwide

This paper examines the information provided by financial aggregates as predictors of real output and inflation. We employ vector autoregression (VAR) techniques to summarise the information in the data, providing evidence on the incremental forecasting value of financial aggregates in a range of forecasting systems for these variables. The in-sample results suggest significant predictive power in only a small number of cases. We then test the forecast performance of the VAR systems for two years out-of-sample in order to mimic more closely the real-time forecasting problem faced by policymakers. Overall, both in-sample and out-of-sample results suggest no robust finding of exploitable information for forecasting purposes in any of the financial aggregates under examination. There is some evidence that the aggregates yield improved forecasts late in the sample period, but there is insufficient subsequent data to draw robust conclusions from this
Financial aggregates as conditioning information for Australian output and inflation by Ellis W Tallman( Book )

6 editions published in 1997 in English and held by 40 WorldCat member libraries worldwide

This paper examines whether financial aggregates provide information useful for predicting real output growth and inflation, extending the inquiry conducted in Tallman and Chandra (1996). First, we investigate whether perfect knowledge of the future values of financial aggregates helps improve significantly the forecasting accuracy of output and inflation in a simple vector autoregression framework. The results display only one notable improvement to the forecasts with the addition of perfect information on the financial aggregates future information on credit growth helps improve the prediction accuracy of real output growth. The improvement is most noticeable during the early 1990s recession. Second, we test whether the financial aggregates are important explanators within single-equation models that are more rigorously fitted to the data. We find only one instance in which an aggregate helps explain the variation in either real output growth or inflation that is, the growth in credit helps explain the growth in real output in a particular specification of the output model. This finding, though, is sensitive to the choice of foreign output proxy. In sum, we conclude that while credit may have some useful information in times of financial restructuring it is unlikely that there is information in financial aggregates that is exploitable systematically for predicting either real output growth or inflation
Clearinghouse access and bank runs : comparing New York and Chicago during the panic of 1907 by Jon R Moen( Book )

1 edition published in 1995 in English and held by 26 WorldCat member libraries worldwide

The impact of a dealer's failure on OTC derivatives market liquidity during volatile periods by Larry D Wall( Book )

2 editions published in 1996 in English and held by 23 WorldCat member libraries worldwide

Clearinghouse access and bank runs : trust companies in New York and Chicago during the panic of 1907 by Jon Roger Moen( Book )

2 editions published in 1994 in English and held by 21 WorldCat member libraries worldwide

Educational achievement and economic growth : evidence from Taiwan by Ellis W Tallman( Book )

4 editions published in 1993 in English and held by 17 WorldCat member libraries worldwide

Liquidity shocks and financial crises during the national banking era by Ellis W Tallman( Book )

1 edition published in 1993 in English and held by 17 WorldCat member libraries worldwide

Money demand and relative prices in hyperinflations : evidence from Germany and China by Ellis W Tallman( Book )

3 editions published in 1992 in English and held by 16 WorldCat member libraries worldwide

Fiscal policy and trade adjustment : are the deficits really twins? by Jeffrey A Rosensweig( Book )

1 edition published in 1991 in English and held by 14 WorldCat member libraries worldwide

Money demand and relative prices in the German hyperinflation by Ellis W Tallman( Book )

1 edition published in 1991 in English and held by 12 WorldCat member libraries worldwide

Human capital and endogenous growth : evidence from Taiwan by Ellis W Tallman( Book )

4 editions published between 1990 and 1993 in English and held by 11 WorldCat member libraries worldwide

Money demand and relative prices during episodes of hyperinflation by Ellis W Tallman( Book )

2 editions published in 1993 in English and held by 11 WorldCat member libraries worldwide

The bank panic of 1907 : the role of trust companies by Jon Roger Moen( Book )

3 editions published in 1990 in English and held by 11 WorldCat member libraries worldwide

Macroeconomic factors and asset excess returns by Ellis W Tallman( Book )

2 editions published in 1989 in English and held by 10 WorldCat member libraries worldwide

Why didn't the United States establish a central bank until after the Panic of 1907? by Jon Roger Moen( Book )

2 editions published in 1999 in English and held by 8 WorldCat member libraries worldwide

Nominal and real disturbances and money demand in the Chinese hyperinflations by Ellis W Tallman( )

3 editions published in 2002 in English and held by 7 WorldCat member libraries worldwide

"This paper reexamines the dynamics of hyperinflation by allowing variability in the relative price of capital goods in units of consumption goods that reflects interactions between the real and monetary sectors. The theory generates empirically testable implications that suggest expanding the standard Caganian money demand function to include both anticipated inflation and relative price effects in a nonlinear fashion. Employing data from the post-World War II Chinese hyperinflationary episode, the empirical findings suggest that conventional econometric investigations of money demand during hyperinflation overlook important nonlinear interactions between real and monetary activities and, hence, underestimate the welfare costs of hyperinflation. JEL classification: E31, E41"--Federal Reserve Bank of Atlanta web site
Permanent income and transitory variation in investment and output of responsibility by Lance A Fisher( Book )

2 editions published in 2001 in English and held by 7 WorldCat member libraries worldwide

 
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Alternative Names
Ellis W. Tallman economist (Federal Reserve Bank of Cleveland)

Ellis W. Tallman Wirtschaftswissenschaftler/in (Federal Reserve Bank of Cleveland)

Tallman, E. W. 1958-

Tallman, Ellis 1958-

Tallman, Ellis William 1958-

Languages
English (63)