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in capital inflows during an era of intensified globalization. We find that higher levels of original sin (hard currency …
Persistent link: https://www.econbiz.de/10012465157
labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …
Persistent link: https://www.econbiz.de/10012463276
What drives globalization today and in the past? We employ a new micro-founded measure of bilateral trade costs based …
Persistent link: https://www.econbiz.de/10012466059
. Late nineteenth century trade globalization may have helped generate the "first wave" of democratization. Between 1920 and … 1938 countries more exposed to international trade were less likely to become authoritarian. Finally, our post-World War II …
Persistent link: https://www.econbiz.de/10012467568
-run income loss or gain for countries that experienced crises. This is in contrast to the recent wave of globalization when …
Persistent link: https://www.econbiz.de/10012465070
surpluses in the rest of the world. How can the issue be understood in a more historical perspective? We seek a meaningful … comparison between the two eras of globalization: "then" (the period 1870 to 1913) and "now" (the period since the 1970s). We …
Persistent link: https://www.econbiz.de/10012466082
Why did some countries learn to grow up to financial stability and others not? We explore this question by surveying the key determinants and major policy responses to banking, currency, and debt crises between 1880 and present. We divide countries into three groups: leaders, learners, and...
Persistent link: https://www.econbiz.de/10012457380