To date, most research on interwar period economic fluctuations in Japan has been based on Estimates of Long-Term Economic Statistics of Japan since 1868 (LTES), edited by Kazushi Ohkawa et al. Regardless, the LTES data are just one set of estimations. They require scrutiny, especially for the...

Under Japanfs prewar capital stock system of joint-stock companies, rather than paying the full face value of a share in one lump sum, shareholders paid for stocks in multiple installments. This system was transplanted from industrialized Western nations during the Meiji Era to make it easier...

This paper reexamines whether the term structure of interest rates, rather than merely a single interest rate, should be included in the demand for money of the interwar era. In contrast to earlier work, we use cointegration techniques to model the equilibrium/error correction process, and find...

For a long time during the twentieth century the mainstream economists and economic historians dealt with prevailing theory of basic difference between Herbert Hoover and Franklin Delano Roosevelt policies concerning to the Great depression. Nowadays, this contrast does not seem to be so...

We survey aggregate growth in a sample of 27 European countries during the interwar period. We discuss the available data, possible explanations for a slowdown in growth rates and test the explanatory power of several hypotheses put forward in the literature.

Recent studies of the experience of the British life insurance industry indicate that a period of transition, and the development of more diversified investment strategies, began in the interwar period. Australian life insurers lagged behind their British counterparts in the introduction of such...

The interwar period was called the Golden Age of Romania. From a certain point of view it was. Cultural effervescence of the time, the economic boom due by the development of the industry has brought Romania to the attention of Western Europe. Many industries in the late ‘30 had advanced...

This paper is about the size of fiscal multipliers and the sources of recovery from the Great Depression. Its contributions begin with a new quarterly data set for the interwar period that allows development of a VAR model of the U. S. economy over the period 1920-41. The quarterly data...

Drawing a framework from agency theory, we use a panel data design to examine the factors motivating the level of demand for reinsurance in the rapidly developing Swedish property fire insurance market during the interwar period 1919-39. We find that as hypothesised, reinsurance enabled Swedish...

This paper examines Latvia's foreign trade and investment relations with Germany and Russia during the interwar period and the period after the restoration of independence up to now. During the period between the two world wars Latvia's foreign trade was completely integrated into the European...