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Before the cult of equity : new monthly indices of the British share market, 1829-1929

Campbell, Gareth; Grossman, Richard S.; Turner, John D. - 2019

This paper presents new monthly capital gains, dividend yield, and total return indices for common equities quoted on British stock exchanges from 1829 to 1929. As well as creating an all-share index, we create a blue-chip index of the 30 largest companies, which we splice to the Financial Times...

Persistent link: https://www.econbiz.de/10011999611

The macroeconomic effects of banking crises : evidence from the United Kingdom, 1750-1938

Kenny, Sean; Lennard, Jason; Turner, John D. - 2017

This paper investigates the macroeconomic effects of UK banking crises over the period 1750 to 1938. We construct a new annual banking crisis series using bank failure rate data, which suggests that the incidence of banking crises was every 32 years. Using our new series and a narrative approach...

Persistent link: https://www.econbiz.de/10011740354

Exchange Rates and Casualties During the First World War

Hall, George J. - 2003

: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war these nations suspended convertibility of …

Persistent link: https://www.econbiz.de/10014125043

Sovereign Debt Guarantees and Default : Lessons from the UK and Ireland, 1920-1938

Foley-Fisher, Nathan - 2020

We study the daily yields on Irish land bonds listed on the Dublin Stock Exchange during the years 1920–1938. We exploit Irish events during the period and structural differences in land bonds to tease out a measure of investors׳ credibility in a UK sovereign guarantee. Using Ireland׳s...

Persistent link: https://www.econbiz.de/10012841005

Financial Vergangenheitsbewaeltigung : The 1953 London Debt Agreement

Guinnane, Timothy W. - 2015

The 1953 London Debt Agreement settled Germany's debts from the period between the two world wars and allowed the … percent, gave the debtors a much longer period to repay, and tied payments to export surpluses and Germany's ability to repay …. The Agreement also allowed Germany to postpone some payments until reunification. The Agreement reflected a subtle and …

Persistent link: https://www.econbiz.de/10012750732

How Germany's anti-Keynesianism has brought Europe to its knees

Bibow, Jörg - 2017

policymaking in Germany. The analysis highlights the interplay between economic history and the history of ideas in shaping … policymaking in postwar (West) Germany. The paper argues that Germany learned the wrong lessons from its own history and misread … consequence of Germany’s peculiar anti-Keynesianism. …

Persistent link: https://www.econbiz.de/10011635491