作者：Bordo, MD; Rockoff, H
摘要：In this article we argue that during the period from 1870 to 1914 adherence to the gold standard was a signal of financial rectitude, a ''good housekeeping seal of approval,'' that facilitated access by peripheral countries to capital from the core countries of western Europe. Examination of data from nine widely different capital-importing countries, using a model inspired by the Capital Asset Pricing Model, reveals that countries with poor records of adherence were charged considerably more ...
作者：Wahl, JB
摘要：An analysis of all appellate cases involving slave-sales reveals that southern courts helped minimize the costs of trading in slaves. Slave-sales law also surpassed other contemporaneous commercial law in sophistication. Why? Greater information gaps between slave buyers and sellers called for more complex institutional support. The enormous property value embodied by slaves also led to more litigation, greater need for settled law, and a more even match of power between plaintiff and defendan...
