作者:Santa Clara University; Claremont Colleges; Claremont Graduate University; Claremont McKenna College
摘要:The Baring Crisis is the nineteenth century's most famous sovereign debt crisis. Using a database of more than 15,000 observations, we assess its effect on emerging market borrowers and find empirical evidence of a regional crisis but not a global crisis. During the crisis, Latin American yield spreads increased by more than 200 basis points relative to the rest of the world, even after controlling for macroeconomic, trade, political-institutional factors, and other country-specific effects. O...
作者:Macalester College
摘要:The rapid development of the nationwide telephone network following the expiration of the Bell patents in 1894, along with expansion of private wire telegraph networks, created the nerve center necessary for rapid growth in the decentralized, dealer-intermediated, over-the-counter security markets. Using membership roles from the National Quotation Bureau-the predecessor of the NASDAQ-I link growth in the number of dealers to the expansion of these communication networks prior to World War I. ...
作者:Rensselaer Polytechnic Institute; University of California System; University of California San Diego; University of California System; University of California Berkeley
作者:University of California System; University of California Berkeley
作者:Loyola University Chicago; Northwestern University; University of Chicago