Showing 1 - 9 of 9
In this paper we focus on the different historical regime experiences of the core and the periphery. Before 1914 advanced countries adhered to gold while periphery countries either emulated the advanced countries or floated. Some peripheral countries were especially vulnerable to financial...
Persistent link: https://www.econbiz.de/10013223312
international monetary framework was responsible for the relatively short-lived and mild nature of pre-World War I financial crises …
Persistent link: https://www.econbiz.de/10013231411
. However, they are likely to have a more prominent role in trade policy discussions in the years ahead for the new World Trade …
Persistent link: https://www.econbiz.de/10013249224
for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …
Persistent link: https://www.econbiz.de/10013214589
cross country comparison in the post World War II period of 84 countries arrayed from very low to very high per capita …
Persistent link: https://www.econbiz.de/10013244126
of both advanced and emerging countries during two periods of globalization -- the pre-World War I classical gold …
Persistent link: https://www.econbiz.de/10013246049
globalization that goes back to the 1870s may end in turmoil just like the first wave which ended after World War I. It is too soon … across the world after the crisis. This suggests either a pause in the pace of integration or more likely a slowing down …
Persistent link: https://www.econbiz.de/10012948077
In this paper we first trace the changing nature of banking, currency and debt crises from the last century to the present. Each type of crisis has transmogrified in the presence of official intervention and the creation of a safety net. A similar pattern is observed for international rescue...
Persistent link: https://www.econbiz.de/10014155989
Using a sample of 20 emerging countries from 1880 to 1913, we study the determinants and output effects of sudden stops in capital inflows during an era of intensified globalization. We find that higher levels of original sin (hard currency debt to total debt) and large current account deficits...
Persistent link: https://www.econbiz.de/10012759772