German reunication was a positive market access shock for both East and West Germany. Regions that for 45 years had experienced a decline in population due to their loss in market access following the division of Germany of WWII were most strongly affected by this positive shock. We use an...

Introduction -- Regional economic development in Europe, 1900-2010 : a description of the patterns -- Country chapte -- Austria -- Belgium -- Denmark -- Finland -- France -- Germany -- Italy -- Netherlands -- Norway -- Portugal -- Spain -- Swden -- Switzerland -- United Kingdom and Ireland --...

This paper studies external sovereign bonds as an asset class. We compile a new database of 220,000 monthly prices of foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering 91 countries. Our main insight is that, as in equity...