Narrow search
Showing 1 - 10 of 264,313
Cover Image
The German Transfer Problem, 1920-1933: A Sovereign Debt Perspective
Ritschl, Albrecht - C.E.P.R. Discussion Papers - 2012
The severity of the Great Depression in Germany has sometimes been blamed on reparations in simplistic fashion … protection under the Dawes Plan created an incentive for Germany (and her commercial creditors) to drive out reparations. I … domestic economy, such as excessive wage increases during the 1920s. This paper argues for a more subtle link between Germany …
Persistent link: https://www.econbiz.de/10011083352
Cover Image
Credit constraints and the propagation of the Great Depression in Germany
Adam, Marc C.; Jansson, Walter - 2019
Great Depression in Germany from 1927 to 1932. We identify loan supply shocks in the context of a time varying parameter …
Persistent link: https://www.econbiz.de/10012040313
Cover Image
Credit constraints and the propagation of the Great Depression in Germany
Adam, Marc C.; Jansson, Walter - 2019
Great Depression in Germany from 1927 to 1932. We identify loan supply shocks in the context of a time varying parameter …
Persistent link: https://www.econbiz.de/10012040280
Cover Image
Connected Lending of Last Resort
Mitchener, Kris James; Monnet, Eric - 2023
Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand-collected historical daily dataset on loans to commercial banks, we analyze how personal connections matter for lending of last resort, highlighting the importance of governance for...
Persistent link: https://www.econbiz.de/10014290136
Cover Image
Connected lending of last resort
Mitchener, Kris; Monnet, Eric - 2023
Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand-collected historical daily dataset on loans to commercial banks, we analyze how personal connections matter for lending of last resort, highlighting the importance of governance for...
Persistent link: https://www.econbiz.de/10013494187
Cover Image
Inflationary expectations during Germany's great slump
Voth, Hans Joachim - Department of Economics and Business, Universitat … - 1998
Was the German slump inevitable? This paper argues that -despite the speed and depth of Germany's deflation in the … are discussed in the context of reparations and related to the need for a regime shift to overcome the crisis. …
Persistent link: https://www.econbiz.de/10005772437
Cover Image
The French Great Depression: A business cycle accounting analysis
Bridji, Slim - In: Explorations in Economic History 50 (2013) 3, pp. 427-445
Using the business cycle accounting framework [Chari V., P. Kehoe and E. McGrattan 2007. Business cycle accounting. Econometrica 75, 781–836.], this paper sheds new light on the French Great Depression. Frictions that reduce the efficiency with which factor inputs are used (efficiency wedge)...
Persistent link: https://www.econbiz.de/10010681819
Cover Image
Why was Stock Market Volatility so High During the Great Depression? Evidence from 10 Countries During the Interwar Period
Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2002
The extreme levels of stock price volatility found during the Great Depression have often been attributed to political uncertainty. This Paper performs an explicit test of the Merton/Schwert hypothesis that doubts about the survival of the capitalist system were partly responsible. It does so by...
Persistent link: https://www.econbiz.de/10005791692
Cover Image
Is the Italian public debt really unsustainable? : an historical comparison (1861-2010)
Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - 2013
The aim of this paper is to analyze the sustainability of public debt in Italy during the last 150 years (1861-2010) by employing a database containing several statistical novelties: new time series estimates of public debt and GDP (respectively Bank of Italy and Baffigi, 2011) and an original...
Persistent link: https://www.econbiz.de/10009727085
Cover Image
Is the Italian Public Debt Really Unsustainable? An Historical Comparison (1861-2010)
Bartoletto, Silvana - 2013
The aim of this paper is to analyze the sustainability of public debt in Italy during the last 150 years (1861-2010) by employing a database containing several statistical novelties: new time series estimates of public debt and GDP (respectively Bank of Italy and Baffigi, 2011) and an original...
Persistent link: https://www.econbiz.de/10013083262