作者:Texas Christian University
摘要:The lending portfolio of a London banker is analyzed to better understand the relationship between public and private finance during England's Financial Revolution. The Glorious Revolution's political settlement appears to have reduced the risk premium on sovereign debt; but it seems to have raised, not lowered, rates on private debt. Two, explanations for these higher private rates are suggested. During the war years 1690-1697, the government's improved capacity to borrow seems to have crowde...
作者:University of Massachusetts System; University of Massachusetts Amherst
作者:University of Houston System; University of Houston
作者:University of Kansas; National Bureau of Economic Research
摘要:Based on data from probate inventories we construct and analyze an annual time series of slave prices for South Carolina from 1722 to 1809. Comparison of South Carolina slave prices with those in other parts of the Western Hemisphere and the relationship between slave prices and slave imports indicate that while the long-run supply of slaves was highly elastic, over periods of one to two decades the supply curve was upward sloping. Comparison of our slave price series with an index of agricult...
作者:University of California System; University of California San Diego
作者:University of Wisconsin System; University of Wisconsin Madison