Dr Natacha Postel-Vinay

Dr Natacha Postel-Vinay

Assistant Professor

Department of Economic History

Room No
SAR 6.13
Office Hours
Tuesdays 3-5pm

About me

I am an economic historian mainly interested in financial history. My research explores monetary and banking phenomena, whether domestic or international. I look at how finance affects the business cycle, in particular in contributing to economic crises and worsening downturns. I have special expertise in the financial history of the Great Depression, in particular the causes of  US bank failures in the 1930s. I often deal with issues of mortgage and household debt. I also have an interest in public finance, fiscal capacity, and the question of the impact of fiscal austerity on the economy. 

Beyond the 19th and 20th centuries, I teach financial history from 1600. And beyond financial history, I also have an interest in processes of long-run development such as the Industrial Revolution. 

Research interests

  • Financial history of the 19th and 20th centuries. 
  • Financial, banking and monetary crises, especially the Great Depression and the Great Recession.
  • Mortgage and household debt.
  • Public finance: the impact of fiscal policy on the business cycle.  

Teaching 2017-18 (tbc)


Journal publications

Debt Dilution in 1920s America: Lighting the Fuse of a Mortgage Crisis"Economic History Review, published online in Early View form (September 2016).

What Caused Chicago Bank Failures in the Great Depression? A Look at the 1920sJournal of Economic History 76 (2), pp. 478-519 (June 2016).

"Sitting Ducks: Banks, Mortgage Lending, and the Great Depression in the Chicago Area, 1923-1933." Dissertation summary (forthcoming, Journal of Economic History).

Working papers

with James Cloyne (UC Davis) and Nicholas Dimsdale (Oxford) "The Impact of Fiscal Policy on Interwar British Growth: A Narrative Approach."

Other writing

Book review of Phillips, Ronnie J. ed., US Credits and Payments, 1800-1934, Economic History Review 68 (3), pp. 1096-8 (August 2015). 

Real estate bubbles leading to bank troubles — 2008? Not exactly LSE Business Review (July 6, 2016).

The experience of the U.S. Great Depression suggests parallels between 1920s mortgage lending and the recent financial crisisLSE USApp (July 18, 2014).