作者:University of Rome Tor Vergata
摘要:This article reconsiders industrial growth in post-Unification Italy in light of a new set of sector-specific production estimates. Though still in part provisional, the new series confirm that the production of durables (and related materials) was dominated by the Kuznets cycle. A similar cycle is documented in the growth rate of the residual, excluding foodstuffs, and extended by reasonable assumption to foodstuffs as well. The new series thus support the traditional view of the 1880s as a p...
作者:University of Washington; University of Washington Seattle
作者:Macalester College
摘要:With passage of the Federal Reserve Act in 1913, the institutional structure necessary to support an American market for bankers' acceptances was created. This article examines the development of the secondary market for bankers' acceptances during its first 20 years. It provides evidence that discount market liquidity increased dramatically during the 1920s and helped the. dollar acceptance challenge the sterling bill as an important source of trade finance around the world. The Federal Reser...
作者:Claremont Colleges; Harvey Mudd College; Claremont Colleges; Claremont Graduate University
作者:University of California System; University of California Berkeley