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The German Transfer Problem, 1920-1933: A Sovereign Debt Perspective
Ritschl, Albrecht - Centre for Economic Performance, LSE - 2012
The severity of the Great Depression in Germany has sometimes been blamed on reparations in simplistic fashion … Plan, which gave commercial credits seniority over reparations. I argue that the Young Plan of 1929 implied a reversal of … protection under the Dawes Plan created an incentive for Germany (and her commercial creditors) to drive out reparations. I …
Persistent link: https://www.econbiz.de/10010556285
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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
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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
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The Diversity of Debt Crises in Europe
Stein, Jerome L. - 2013
This article seeks to explain intercountry differences in the debt crises in Europe. Is there a single explanation, cause? Specifically, were the crises due to government budget deficits or to the private sector? The answer will determine the appropriate policies to prevent a recurrence. The...
Persistent link: https://www.econbiz.de/10013083280
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Courts and Sovereigns in the Pari Passu Goldmines
Gelpern, Anna - 2016
The pari passu clause in sovereign bond contracts has spawned an improbably huge academic literature and a fast-growing jurisprudence, culminating in recent U.S. federal court decisions, which used the clause to block payments on nearly $30 billion in Argentinian debt. The academic literature,...
Persistent link: https://www.econbiz.de/10012985848
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Greek Debt Restructuring Case
Waibel, Michael - 2021
Two complainants brought a constitutional complaint before the German Constitutional Court. The complaint was directed against a judgement of the Federal Court of Justice (Bundesgerichtshof) that dismissed their action because the Hellenic Republic enjoyed state immunity before the German...
Persistent link: https://www.econbiz.de/10013216207
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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
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Financial mobilisation in Germany 1914 - 1918
Hardach, Gerd - 2014
to organise production and distribution. In this context, financial mobilisation played an important role. In Germany …
Persistent link: https://www.econbiz.de/10010410754
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Credit Constraints and the Propagation of the Great Depression in Germany
Adam, Marc Christopher - 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/10012864922
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Stable Money and Central Bank Independence : Implementing Monetary Institutions in Postwar Germany
Hefeker, Carsten - 2019
Germany prides itself in having one of the most successful central banks and currencies with respect to independence …
Persistent link: https://www.econbiz.de/10012860575