This paper examines the role of currency and banking in the German financial crisis of 1931 for both Germany and the U …

alleged inflationary effects of the new currency. In Italy, as in the rest of the euro area, survey-based measures signaled a …

, domestic-currency bond market. Bond holders suffer from inflation and could be a potent anti-inflationary force; I ask whether …

This Paper characterizes the integration patterns of international currency unions (such as the CFA Franc zone and the … countries with sovereign monies, and to regions within nations. We ask: are countries within international currency unions as … East Caribbean Currency Area). We empirically explore different features of currency unions, and compare them both to …

equity markets; international imbalances and foreign reserve adequacy; macroeconomic policies; and institutional and …

Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages … are both national (such as equity market run-ups that preceded the crisis) and, critically, international financial and … number of possible causes in a flexible statistical framework, we are unable to find strong evidence that international …

This Paper estimates the effect on international trade of multilateral trade agreements: the World Trade Organization …

international trade are important in understanding how currency crises spread, above and beyond any macroeconomic phenomena. We … 1997) we show that currency crises affect clusters of countries tied together by international trade. By way of contrast …Currency crises tend to be regional; they affect countries in geographic proximity. This suggests that patterns of …

of a country's institutions, heterogeneity, and a number of different international indices and rankings. I have little … success; small countries are more open to international trade than large countries, but are not systematically different …