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This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10010412763
Persistent link: https://www.econbiz.de/10014310692
As awareness of the process of globalization grows and the study of its effects becomes increasingly important to … the issue by examining its place in the long history of international integration.This volume collects eleven papers doing … exactly that and more. The first group of essays explores how the process of globalization can be measu …
Persistent link: https://www.econbiz.de/10012675734
Persistent link: https://www.econbiz.de/10013480751
As awareness of the process of globalization grows and the study of its effects becomes increasingly important to … the issue by examining its place in the long history of international integration. This volume collects eleven papers … doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of …
Persistent link: https://www.econbiz.de/10014488296
Two separate narratives have emerged in the wake of the Global Financial Crisis. One speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and worries about the...
Persistent link: https://www.econbiz.de/10010328746
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10010420692
modern economic history in the advanced economies. We exploit the implications of the macroeconomic policy trilemma to …
Persistent link: https://www.econbiz.de/10010480826
Argentina’s money and banking system was hit hard by the Great Depression. The banking sector was awash with bad assets that built up in the 1920s. Gold convertibility was suspended in December 1929, even before the crisis seriously damaged the core economies. Commonly, these events are...
Persistent link: https://www.econbiz.de/10011131777
modern economic history in the advanced economies. We exploit the implications of the macroeconomic policy trilemma to …
Persistent link: https://www.econbiz.de/10011105367