This paper gives a historical dimension to the impact of trade unions on earnings by estimating the union wage effect in Britain between 1889-90 using data from the US Commissioner of Labour survey conducted at that time. The determinants of union status are also investigated in terms of profit...

This Paper reconsiders the 1992/3 crisis in the European Monetary System in light of its emerging market successors. That episode was a predecessor of the Mexican and Asian crises in the sense that both capital movements and domestic financial fragility played important roles. The output effects...