Marc Flandreau

Marc Flandreau is the Howard S. Marks Professor of Economic History of the Department of History at the University of Pennsylvania where he teaches courses in the undergraduate and PhD programs.

Before coming to Penn in 2017, Flandreau was professor at the Graduate Institute for International Studies and Development in Geneva, under joint appointment of the economics and history department. Prior to that, he was Chair of International Finance at the Institut d’Etudes Politiques in Paris from 2001-2008. He received his Master in Econometrics at the Sorbonne in 1988 and his Master in History at the Sorbonne in 1989. He received is PhD in economics, summa cum laude, from the Ecole des Hautes Etudes en Sciences Sociales, in 1993.

Flandreau’s research has covered such topics as: the history of the international monetary system (to which he devoted his dissertation and first book, translated as The Glitter of Gold, by Oxford University Press in 2003); international political economy and international relations; the history of reputation and the study of reputational agencies and the media in the US, UK and France; sovereign debt, sovereign reputation and the industrial organization of sovereign default; and finally, the history of the social sciences to which he devoted two books (Money Doctors, published by Routledge in 2004 and Anthropologists in the Stock Exchange, published by the University of Chicago Press in 2016).

Flandreau has been president of the European Historical Economics Society 2006-2008, and has participated to the boards of the principal international journals in economic history, including the Journal of Economic History, the Economic History Review, the Scandinavian Review of Economic History, and the European Review of Economic History.

In addition to his scholarly activities, Flandreau has also consulted regularly for various bodies including the International Monetary Fund, the Organization for Economic Co-operation and Development, the Bank of Norway and the Bank of France, and currently advises the Bank for International Settlements’ macro-historical data project, Historical Monetary and Financial Statistics. He currently sits on the advisory panel of the BIS.

In 2019, Professor Flandreau founded Capitalism: A Journal of History and Economics, a new journal, published by UPenn press.

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Paper Working Paper Series | | Oct 2021

In the 19th Century, “hypothecations” provided investors with valuable information on sovereign fiscal resources