Does a legal tradition adopted in the distant past constrain a country's ability to provide the protection that investors need for financial markets to develop? This paper contributes to the literature that studies the connection between law and finance by looking at the relationship between...

Este trabajo estudia la arquitectura de la organización bancaria y monetaria construida en los años 1870s hasta 1880s en Colombia y en particular en el Estado de Cundinamarca y en su capital, Bogotá. Utilizando indicadores financieros de liquidez y solvencia, construidos a partir de los...

New indices for developed and emerging markets are analyzed for stocks, bonds and bills over the past 300 years. Indices for commodity markets covering 1000 years and indices for real estate covering over 100 years are also provided. Bull and bear markets for fixed income are studied going back...

Payments systems have grown considerably and have become increasingly complex, prompting regulators to reassess their roles and renewing interest in historical experiences with payments systems. In this paper, I study the Banco Central System of Mexico, which was a bank note par redemption and...

New indices are provided for ten emerging markets. Using data from companies listed in London and New York in the 1800s and 1900s, new stock market indices are produced and discussed providing information on companies in Turkey, Egypt, Cuba, China, Singapore, South Africa, Argentina, Brazil,...

This article focuses on three recent proposed reforms to the international financial system: Basel III capital requirements, the enhanced use of supervisory colleges, and proposed bank resolution regimes. In addition to analyzing recent reform proposals, the article describes historical...

How does a shifting economic power balance between the United States and China affect the strategic choices of Latin American governments? During the last several decades, Latin America has often relied on a Western development model that aimed to attract global market capital. After excessive...

How does a shifting economic power balance between the United States and China affect the strategic choices of Latin American governments? During the last several decades, Latin America has often relied on a Western development model that aimed to attract global market capital. After excessive...

How does a shifting economic power balance between the United States and China affect the strategic choices of Latin American governments? During the last several decades, Latin America has often relied on a Western development model that aimed to attract global market capital. After excessive...

This article examines the impact of legal and economic factors on the growth of commercial banking in Latin America in the 19th and early 20th centuries. Using annual data for five countries for the period 1840–1920, this article shows that growth in exports had a significant effect on the...