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, Wicksell found the reparations impossible to meet unless German population growth was arrested. Germany should settle for a … reparations in the 1920s. When Keynes's book appeared, Davidson and Cassel strongly endorsed it. Heckscher also agreed with Keynes … stationary population in exchange for reduced reparations. The contacts between the Swedes and Keynes became close after Keynes …
Persistent link: https://www.econbiz.de/10013208857
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/10011743002
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
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
: 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
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
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
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
Persistent link: https://www.econbiz.de/10000769506
Persistent link: https://www.econbiz.de/10001234345