The University of Vermont

Economics Department

Jane E. Knodell, Department of Economics, University of Vermont  





Jane E. Knodell





Associate Professor
Associate Provost for Budget and Capital Planning





Waterman 353
Tel · 802.656.0189
Fax · 802.656.1363
Email · jane.knodell@uvm.edu





I conduct research and teach in the fields of money and banking, macroeconomics, and economic history.  In my research, I apply the tools of economic history, institutional analysis, and monetary economics to understanding the evolution and performance of monetary institutions over time.

My current research explores the effect of regulatory decentralization on the rise, monetary role, and incidence of unincorporated banking in the U.S. from the demise of the Second Bank of the United States in 1832 to the creation of the national banking system in 1863.  I also have new research on the role of early central, or public, banks in the 18th and 19th century transition from metallic to paper money systems in Anglo-American economies.

In my current administrative role, I am assisting the Provost with the management of academic budgets and academic facilities.






RESEARCH

Recent publications:

"Money endogeneity before central banking," in B. Moore and L.-P. Rochon (eds.), Post-Keynesian Monetary Theory: Reflections and Development (Cheltenham: Edward Elgar), forthcoming.

"Rethinking the Jacksonian Economy: The Impact of the 1832 Bank Veto on Commercial Banking."  The Journal of Economic History, September 2006, pp. 541-574

"Central Banking in Early Industrialization,"  in Marc Lavoie and Mario Seccareccia (eds.)  Central Banking in the Modern World: Alternative Perspectives (Cheltenham: Edward Elgar), 2004, pp. 262-281

"Profit and Duty in the Second Bank of the United States' Exchange Operations." Financial History Review, vol. 10, no. 1 (April 2003), pp. 5-30

"The Demise of Central Banking and the Domestic Exchanges: Evidence from Antebellum Ohio." The Journal of Economic History, vol. 58, no. 3, September 1998, pp. 714-730






Work in progress:

"The role of private banks in the U.S. payments system, 1835-1865."  April 2009.  44pp.  In revision for submission to Financial History Review.  An evaluation of the division of labor between chartered banks and private banks in the local and long-distance issuance, clearing, and settlement of circulating and non-circulating payments instruments.

"State regulation of paper money issuance in the U.S., 1840-1860."  Documents differences in state regulation of bank notes and bank deposits and explores its consequences in terms of stimulating entry in the unregulated segment of the commercial banking system.


ADMINISTRATIVE SERVICE

Special Assistant to the Provost, April - December 2006 and August 2007-present
Interim Dean, College of Arts and Sciences, September 2004 - August 2005
Associate Dean, College of Arts and Sciences, August 2003 - September 2004
Chair, Department of Economics, July 2001 - June 2003
















Last modified April 23 2009 08:53 AM

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