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...

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...

Examines the height of Habsburg Soldiers in the late 18th and early 19th centuries, and argues that the society was facing a Malthusian crisis, which induced the Monarch to enact many institutional changes in order to save the society from disaster. While living standards declined, the...

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.

Examines the height of students who attended The Citadel, the military academy in Charleston in the late-19th and the first half of the 20th century. Shows a long stagnation in the biological standard of living in this part of the South until the 1910s, when it began to increase substantially.

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.

Finds a negative relationship between the onset of menarche and the age of first birth. Argues that better nourished girls experienced menarche earlier, and that can be a link between nutrition and fertility.