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International Aspects of the Great Depression and the Crisis of 2007 : Similarities, Differences, and Lessons

Grossman, Richard S. - 2010

-slump macroeconomic cycles. During both crises, world trade collapsed faster than world incomes and the trade decline was highly … trade costs hitting international supply chains. So far, the global economy has avoided the global trade wars and banking … collapses of the Depression perhaps due to improved policy. Even so, the global economy remains susceptible to large shocks due …

Persistent link: https://www.econbiz.de/10012462356

This Time is Different Chartbook : Country Histories on Debt, Default, and Financial Crises

Reinhart, Carmen M. - 2010

cycles, banking and sovereign debt crises, hyperinflation, and, for the post World War II period, the reliance on IMF …

Persistent link: https://www.econbiz.de/10012462835

From Financial Crash to Debt Crisis

Reinhart, Carmen M. - 2010

analysis is on three related hypotheses tested with both "world" aggregate levels and on an individual country basis. First …

Persistent link: https://www.econbiz.de/10012462855

Growth in a Time of Debt

Reinhart, Carmen M. - 2010

We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years. The dataset incorporates over 3,700 annual observations covering a wide range of political systems,...

Persistent link: https://www.econbiz.de/10012463011

Foreign Currency Debt, Financial Crises and Economic Growth : A Long Run View

Bordo, Michael D. - 2009

Foreign currency debt is widely believed to increase risks of financial crisis, especially after being implicated as a cause of the East Asian crisis in the late 1990s. In this paper, we study the effects of foreign currency debt on currency and debt crises and its indirect short and long run...

Persistent link: https://www.econbiz.de/10012463115

Riding the Wave of Trade : Explaining the Rise of Labor Regulation in the Golden Age of Globalization

Huberman, Michael - 2009

labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …

Persistent link: https://www.econbiz.de/10012463276

The Aftermath of Financial Crises

Reinhart, Carmen M. - 2009

major post-World War II episodes. The main cause of debt explosions is usually not the widely cited costs of bailing out and …

Persistent link: https://www.econbiz.de/10012463993

The Forgotten History of Domestic Debt

Reinhart, Carmen M. - 2008

There is a rich scholarly literature on sovereign default on external debt. Comparatively little is known about sovereign defaults on domestic debt. Even today, cross-country data on domestic public debt remains curiously exotic, particularly prior to the 1980s. We have filled this gap in the...

Persistent link: https://www.econbiz.de/10012464703

This Time is Different : A Panoramic View of Eight Centuries of Financial Crises

Reinhart, Carmen M. - 2008

This paper offers a "panoramic" analysis of the history of financial crises dating from England's fourteenth-century default to the current United States sub-prime financial crisis. Our study is based on a new dataset that spans all regions. It incorporates a number of important credit episodes...

Persistent link: https://www.econbiz.de/10012464765

Fiscal and Financial Crises

Bordo, Michael D. - 2016

Interconnections between banking crises and fiscal crises have a long history. We document the long-run evolution from classic banking panics towards modern banking crises where financial guarantees are associated with crisis resolution. Recent crises feature a feedback loop between bank...

Persistent link: https://www.econbiz.de/10012456615