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作者：University of California System; University of California Davis
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作者：Claremont Colleges; Scripps College; Claremont Colleges; Claremont Graduate University; Claremont McKenna College
摘要：In April 1906 the San Francisco earthquake and fire caused damage equal to more than I percent of GNP. Although the real effect of this shock was localized, it had an international financial impact: large amounts of gold flowed into the country in autumn 1906 as foreign insurers paid claims on their San Francisco policies out of home funds. This outflow prompted the Bank of England to discriminate against American finance bills and, along with other European central banks, to raise interest ra...
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作者：Higgs, R
摘要：During World War II, the U.S. government displaced private investors. According to NIPA data for the period 1942-1945, net private investment was negative $6.2 billion, and net government investment was positive $99.4 billion. Although economists have credited this government investment with various contributions to wartime and postwar economic growth, the bulk of it had little or no value beyond its immediate contribution to winning the war. This episode dramatically exposes a fundamental but...
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作者：Johansson, SR
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作者：Columbia University; University of Vermont
摘要：This article argues that one contributing factor to the Cuban Revolution of 1959 was the 1956 revision of U.S. sugar quotas. Its significance has been overlooked because its real economic impact was programmed to occur after 1959. Combining a statistical simulation and an event study of sugar companies' rates of return on equity, we show that the revision had adverse long-run consequences for sugar exports, and that forward-looking investors anticipated them and incorporated them into their va...
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作者：University of Illinois System; University of Illinois Urbana-Champaign
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作者：Stanford University
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作者：University of California System; University of California Irvine
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作者：Stanford University
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作者：Reed College - Portland
