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Dr. Maylis Avaro

Assistant Professor (Economics)
ARTS BUILDING
      
Profile Photo

Dr. Maylis Avaro

Assistant Professor (Economics)
ARTS BUILDING

 avarom@tcd.ie

 3531896 1043


Maylis Avaro is Assistant Professor at Trinity College's Economics department, where she notably works with the Center of Economic, Policy and History. She was previously the Howard S. Marks Postdoctoral Fellow at the Department of History of the University of Pennsylvania, and a fellow of the Business, Economics and Financial History initiative of the Wharton School. She was also a Scientific Collaborator at the department of economic and financial history at Université Libre de Bruxelles. She formerly held visiting positions at the department of Economics of Rutgers University, at the Faculty of History at Oxford University and worked at an research intern at the Bank of France. Maylis Avaro has a PhD in International Economics and History from the Graduate Institute of International and Development Studies, Geneva.
  CENTRAL BANKS   ECONOMIC HISTORY   Macroeconomics, open economy, international
Details Date
Steering Committee member The Haiti Seminar, Philadelphia, United States 01-SEP-2023
Language Skill Reading Skill Writing Skill Speaking
French Fluent Fluent Fluent
Details Date From Date To
Irish Historical Macroeconomic Policy Network 01/09/2024
Maylis Avaro, Johanna Gautier Morin, Uncovering the hidden value of unpaid work: a global history of marginalized metrics, Journal of Economic Methodology, 2026, p1 - 22, Journal Article, PUBLISHED  DOI  URL
Rueff Versus de Lattre: A French Money Doctors' Duel for Influence Over de Gaulle in, editor(s)Álvarez, A., Bignon, V., Ögren, A., Shizume, M. , Money Doctors Around the Globe: A historical Perspective, Singapore, Springer, 2024, pp355 - 369, [Maylis Avaro], Book Chapter, PUBLISHED  URL
Maylis Avaro, Zombie International Currency: The Pound Sterling 1945-1971, Journal of Economic History, 84, (3), 2024, p917 - 952, Journal Article, PUBLISHED  TARA - Full Text  DOI  URL  URL
Maylis Avaro, Mathilde Roussigné, Oikos nomos : visibilité, mesures et valeurs de la production domestique en littérature contemporaine (Ernaux, Revaz, Divry), Fabula-Lht : Inventer l'économie, (28), 2022, Journal Article, PUBLISHED  DOI
Maylis Avaro, Le système monétaire international face au bitcoin, Études internationales, 2017, Review Article, PUBLISHED  DOI
Avaro, M., Sterdyniak, H., Banking union: A solution to the Euro zone crisis?, Revue de l'OFCE, 132, (1), 2014, p195-241 , Journal Article, PUBLISHED  DOI
  

Maylis Avaro, Olivier Feiertag et Margairaz Michel (dir.) Les banques centrales et l'État-nation Paris, Sciences Po les Presses, 2016, 698 p., Annales. Histoire, Sciences Sociales, 76, (1), 2021, p211--213 , Review Article, PUBLISHED
Maylis Avaro, Vincent Bignon, How the Bank of France increased liquidity at no fiscal risk in the 1800s, LSE Business Review, 2017, Journal Article, PUBLISHED

  


My expertise lies at the intersection of monetary history, banking history and international political economy and. The overarching aim of my work is to understand the forces that shape the economic and geopolitical landscape. One part of my research examines the history of the banking sector, its regulation, and its stabilization. In a project with Vincent Bignon (Bank of France), we focus on the trade-off faced by central banks between the distribution of liquidity to a large group of banks and the risk of moral hazard. This research directly addresses the challenges faced by the Fed after the 2023 Silicon Valley Bank collapse. In this article, currently available as a CEPR working paper, we show that the 19th-century Bank of France could expand its liquidity facility to stabilize the economy by operating a broad discount window. To shield its balance sheet from losses, the Bank employed various risk management techniques that subdued the risk-taking behaviors of its counterparties. In another project with Marc Flandreau, we study Central Bank Losses in 1931, as a mirror the losses experienced from 2022 as a result of the QE. We are currently working on the second draft of this project. I am also interested in dynamics of the private banking sector. with Kim Oosterlinck (Université Libre de Bruxelles) and Jean Lacroix (Université Paris Saclay), we study the first national regulation of the French banking sector enforced under the Vichy regime in 1941. Despite being written under Nazi occupation of France, the regulation remained in place after the war. We combine the legal and the economic history of this episode to assess how the legal changes altered the banking landscape at both regional and national levels, and to determine whether some banks exploited this opportunity to gain a competitive advantage. We are currently working on the first draft of the paper. My last ongoing project studies financial crisis in money markets. In a joint project with Marc Flandreau, we investigate the crash of the Terra/Luna dual currency system. To identify the main drivers of the crash of the ecosystem, we study the microeconomics of the Terra system and gather data from multiple blockchains to empirically test our hypothesis. We provide a new perspective on this event, revealing that the collapse was primarily driven by the collateral crisis in the system"s largest bank and network congestions across blockchains. In addition to my existing research agenda in monetary and financial history, I plan to continue investigating cryptoeconomics and use the lessons from history to analyze the functioning of digital currencies. We are revising our paper and working on a second draft.