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Regional redistribution and stabilization by the center in Canada, France, the UK and the US:: A reassessment and new tests
Abstract This paper re-examines earlier estimates of regional redistribution and stabilization through the central government budget in the US, and produces new estimates of this redistribution andExpand
The making of global finance 1880-1913
This book traces the roots of global financial integration in the first "modern" era of globalization, from 1880 to 1913. It analyzes the direction, destinations, and origins of internationalExpand
Interregional and International Risk Sharing and Lessons for EMU
How much risk sharing takes place between regions within countries, between countries internationally, and what are the lessons for EMU? We study these questions based on regional data from the US,Expand
Stability Without a Pact? Lessons from the European Gold Standard, 1880-1914
The high level of trade and financial integration reached by Europe both today and under the late 19th century gold standard suggests that important lessons can be learned by looking at past recordExpand
Regional Redistribution and Stabilization by the Centre in Canada, France, the United Kingdom and the United States: New Estimates Based on Panel Data Econometrics
This paper produces estimates of regional redistribution and stabilization through the central government budget in Canada, France, the United Kingdom and the United States. The estimates rest onExpand
Black Man's Burden, White Man's Welfare: Control, Devolution and Development in the British Empire 1880-1914
This article organizes an economic analysis of the effects of colonial rule on capital market access and development. Our insights provide an interpretation of institutional variance and growthExpand
Black Man's Burden: Measured Philanthropy in the British Empire, 1880-1913
Ferguson and Schularick (2006) recently provided a measure of the effect of Empire subjection on borrowing countries’ interest rates. They find this effect to be large and significant, rangingExpand
Media Manipulation in Interwar France: Evidence from the Archive of Banque de Paris et des Pays-Bas, 1914–1937
Abstract This article shows how one can read political history from evidence on corporate corruption. The study exploits newly discovered archival material from Banque de Paris et des Pays-Bas, aExpand