BIPR | Faculty Profile

Bio

Stefano Ungaro is Adjunct Professor at SAIS Europe

Stefano Ungaro is a Senior Research Economist at Banque de France. Before joining the Bank, he taught financial and monetary economics at University Paris 1 Panthéon-Sorbonne, European Business School Paris and Sciences Po Paris. His research focuses on banking, the digitalization of the financial system, and economic history. He writes economic-history-focused op-eds in Domani. He holds a PhD in Economics from Paris School of Economics and a MSc in Economics and Social Science from Bocconi University.

Selected Publications

Les acteurs numériques de la finance : un pas vers la rentabilité?
with L. Clerc, P. Harguindeguy and T. Dufour. Banque de France, in ACPR 142 (2022)

Economics, Finance, & Trade

The Real Effects of Bank Runs. Evidence from the French Great Depression (1930-1931)
with E. Monnet and A. Riva, in CEPR Discussion Paper<.i> (April 15, 2021)

Economics, Finance, & Trade

Flight-to-safety and the credit crunch: a new history of the banking crises in France during the Great Depression
with P. Baubeau, E. Monnet, and A. Riva, in Economic History Review 74:1 (2021)

Economics, Finance, & Trade

History

Les crises bancaires en France pendant la Grande Dépression: une histoire renouvelée
with P. Baubeau, E. Monnet, and A. Riva, in Revue d'Economie Financière 137 (2020)

Economics, Finance, & Trade

History

Les Jours Noirs à la Bourse de Paris (Black Days on the Paris Stock Exchange): The Settlement of July 1914 and the Intervention of the Banque de France
in Les Banques Centrales pendant la Grande Guerre, O. Feiertag and M. Margairaz, (editors), Presses de Sciences Po (2020)

Economics, Finance, & Trade

History

Collecting and storing historical financial data: the DFIH project
with J. Ducros, E. Grandi, P.C. Hautcoeur, R. Hekimian, E. Prunaux, and A. Riva, in Computational Social Science in the Age of Big Data, C.M. Stuetze, M. Welker, and M. Egger (editors), Herbert Von Halem Verlag (2018)

Economics, Finance, & Trade

History

Le projet DFIH, humanités numériques et histoire financière
with J. Ducros, E. Grandi, R. Hekimian, A. Riva, in Expérimenter les humanités numériques: Des outils individuels aux projets collectifs, E. Cavalié, F. Clavert, O. Legendre, and D. Martin (editors), Les Presses de l'Université de Montréal (2017)

Economics, Finance, & Trade

History

See All Scholars' Publications

Courses

Money and Finance in the Modern World

This course presents and discusses the literature - both in economics and history - on financial and monetary history, especially of Europe and the United States, but also of developing countries, with a focus on the 19th and 20th centuries. In particular, we will discuss the interdependence of public debt and financial markets; the role of the banking system in financing the real economy; how financial crises are inherent to capitalism and have very important real-world consequences; and how institutions and politics influence the process of financial globalization. The goal of the course is to provide a long-term view of the major phenomena in financial economics, as well as a historical perspective on modern policy debates related to recent financial crises.