Protracted expansionary monetary policies in advanced countries have renewed the debate over policy options to cope with large capital inflows that drive credit expansions in emerging economies. In a forthcoming paper, we show that during capital inflow bonanzas credit grows more rapidly and its...

This study answers some elimentary questions about Dutch shareholding structures, such as the structure in the Netherlands in comparison with other countries and the change in investors groups' interests in shares investments. We concentrate on banks. Banks have a particular position in that...

Examines the height of German youth in the late eighteenth century, and documents the very large differences in height between the lower and upper classes. Shows that the height of the upper class did not decline at the end of the 18th century as did that of the common men.

In this study, we begin by assessing the ability of sovereign credit ratings to anticipate crises. In addition, given the wave of sovereign credit ratings downgrades that have followed the crises in Asia, we investigate formally the extent to which credit ratings are reactive. Along the way, we...

The preceding sections have predominantly focused on the antecedents of financial crises. Namely, the emphasis has been on the ability of a variety of indicators, including the credit ratings, to anticipate crises and characterize the extent to which a country is vulnerable. An application of...

This note reviews the theories as to why financial crises spill over across national boundaries. We discuss alternative frameworks ranging from bilateral trade links to more complex financial interconnections via banks and other investors. We review the evidence on which channels of contagion...

Develops a robust statistical procedure to analyze the trend in height if the available samples are truncated at the minimum height requirement.

Examines the height and weight of West Point Cadets in the 19th Century and finds that their height was declining in the Antebellum Period. Confirms earlier findings based on Union Army soldiers. Finds also that the cadets were quite underweight by modern standards.

Examines the height of German youth in the late eighteenth century, and documents the very large differences in height between the lower and upper classes. Shows that the height of the upper class did not decline at the end of the 18th century as did that of the common men.

Abstract: Examines the Physical Stature of The elite students attending the École Polytechnique military academy in the Early Nineteenth century. Concludes that their height was some 7 cm greater than that of average French youth their age.