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When, Where, and Why? Early Industrialization in the Poor Periphery 1870-1940

Williamson, Jeffrey G. - 2010

This paper documents industrial output and labor productivity growth around the poor periphery 1870-1940 (Latin America, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial growth accelerated there over these seven critical...

Persistent link: https://www.econbiz.de/10012462312

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

Commodity Price Volatility and World Market Integration since 1700

Jacks, David S. - 2009

of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …

Persistent link: https://www.econbiz.de/10012463899

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

Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913

Williamson, Jeffrey G. - 2008

W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...

Persistent link: https://www.econbiz.de/10012464805

Globalization, Convergence and History

Williamson, Jeffrey G. - 1995

world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence …. But is the correlation spurious? When the pre-World War I years are examined in detail, the correlation turns out to be …

Persistent link: https://www.econbiz.de/10012473616