Showing 1 - 10 of 8,946
Persistent link: https://www.econbiz.de/10013187313
How do financial development and financial integration interact? We focus on Japan’s Great Recession after 1990 to … reference to prefectures' different historical pathways to financial development. After Japan's opening to trade in the 19th …, the main export hub for silk, provided silk reelers with trade loans. Many regional banks in Japan were founded as local …
Persistent link: https://www.econbiz.de/10009745980
. Rapid post-war industrialisation was not sustained beyond the mid-1960s and South Korea’s economy far outpaced North Korea …
Persistent link: https://www.econbiz.de/10012203362
A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...
Persistent link: https://www.econbiz.de/10010886217
This paper argues that China's size was one reason behind its relative decline in the nineteenth century. A ruler governing a large country faces severe agency problems. Given his monitoring difficulties, his agents have strong incentives to extort the taxpayers. This forces him to keep taxes...
Persistent link: https://www.econbiz.de/10010939561
China's long-term economic dynamics pose a formidable challenge to economic historians. The Qing Empire (1644-1911), the world's largest national economy before 1800, experienced a tripling of population during the seventeenth and eighteenth centuries with no signs of diminishing per capita...
Persistent link: https://www.econbiz.de/10010751920
How does the Iraq War affect the future world order? What kinds of problems has this war brought about, and what is … essays exploring these issues, written by leading scholars in their respective fields. Importantly, the Iraq War has caused … numerous long-term security and economic problems in Iraq (Chapter 1) and in the Middle East (Chapter 2). In addition, this war …
Persistent link: https://www.econbiz.de/10011183867
This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the extent of policy divergence among the three trilemma policy choices—monetary independence, exchange rate...
Persistent link: https://www.econbiz.de/10010959081
The first global financial bubble in stock prices occurred 1720 in Paris, London and the Netherlands. Explanations for these linked bubbles primarily focus on the irrationality of investor speculation and the corresponding stock price behavior of two large firms: the South Sea Company in Great...
Persistent link: https://www.econbiz.de/10005027100
Mysore War, and find that the Company's allies were not myopic. The British parliament had, in 1784, passed Pitt's India Act …
Persistent link: https://www.econbiz.de/10010572352