Showing 1 - 10 of 19
"We examine econometrically the real effects of paper money's introduction into colonial New England over the 1703-1749 period. Departing from earlier analyses that focus primarily on the depreciation of paper money in the region, we show that expansion of the money stock promoted growth in...
Persistent link: https://www.econbiz.de/10003991024
"We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10008702266
"In this essay I propose that the adoption of the U.S. dollar as a common currency shortly after the ratification of the Federal Constitution and the accompanying transition from a fiat to specie standard was a pivotal moment in the nation's early history and marked an improvement over the...
Persistent link: https://www.econbiz.de/10003844299
Persistent link: https://www.econbiz.de/10003288941
Persistent link: https://www.econbiz.de/10001592208
Persistent link: https://www.econbiz.de/10001647406
Persistent link: https://www.econbiz.de/10001714307
Persistent link: https://www.econbiz.de/10001438376
Studies of early U.S. growth traditionally have emphasized real-sector explanations for an acceleration that by many accounts became detectable between 1815 and 1840. Interestingly, the establishment of the nation's basic financial structure predated by three decades the canals, railroads, and...
Persistent link: https://www.econbiz.de/10012471335
Persistent link: https://www.econbiz.de/10009538089