19.Tim’s Paper in the Journal of Finance (Part 1): Dutch Banks & the First MBS Crisis in the 1700s

• Did you know that mortgage-backed securities (MBS) were invented by Dutch bankers over 200 years ago?


• And that their collapse triggered a financial crisis strikingly similar to the one we witnessed in 2008?

In this episode, Dr. Jen kicks off a special two-part series with her colleague Dr. Tim, whose groundbreaking research on 18th-century Dutch banking was recently published in the Journal of Finance—the world’s top academic finance journal.

🎼 Special music: De Bankier's Farewell — a piece inspired by the 18th-century Netherlands, taking you back in time as we uncover this historical finance story.

In Part 1, we dive into the research itself:

✅ What were these early MBS markets?

✅ How did reputation shape financial stability?

✅ And what lessons can we learn for today’s banking systems?

To make this fascinating research easy and fun to understand, two AI co-hosts—Amy and Jonny—walk us through the paper in a clear, engaging 15-minute conversation. No finance degree needed!

📌 Paper title: “Going for Broke: Bank Reputation and Mortgage-Backed Securities in 18th-Century Netherlands”

📚 Don’t miss this story of innovation, collapse, and lessons that echo through centuries.

👉 Stay tuned for Episode 20, where we go behind the paper with Dr. Tim and explore the personal journey behind this major academic milestone.