Accominotti, Olivier; Flandreau, Marc; Rezzik, Riad; … - C.E.P.R. Discussion Papers - 2008
Ferguson and Schularick (2006) recently provided a measure of the effect of Empire subjection on borrowing countries’ interest rates. They find this effect to be large and significant, ranging between 80 to 180 basis points. We argue that their methodology is inadequate and that their...
