Sovereign Risk, Credibility and the Gold Standard: 1870-1913 Versus 1925-31

By M. Obstfeld, Alan M. Taylor. 2003

216 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/fbe611ec5ebf5722d85ce3a36232edba28aae491

Citations in the corpus

• Has the Fed Been a Failure (2012, unknown): “41 not depend on central bank cooperation—indeed many leading participants did not even have central banks—so it was less vulnerable to defection by any particular central bank, and therefore more credible, than the interwar arrangement (Obstfeld and Taylor 2003).”
• Empirical Research on Sovereign Debt and Default (2013, unknown): “Obstfeld and Taylor (2003) found similar patterns in a sample of 20 countries from 1870 to 1914.”
• Financial Integration, Investment, and Economic Growth: Evidence from Two Eras of Financial Globalization (2010, unknown): “To a substantial extent, our data set builds on three recently compiled data sets for the first era of financial globalization: those of Obstfeld and Taylor (2003), Clemens and Williamson (2004), and Ferguson and Schularick (2006).”
• The making of global finance 1880-1913 (2004, unknown): “Recall that the other macroeconomic variables considered by Bordo and Rockoff (1996) and Obstfeld and Taylor (2003) turned out to be non significant. tiny fraction at best of the convergence of interest rates, and thus only a fraction of financial globalization.”
• The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997 (2006, unknown): “Data on gold standard adherence comes from data underlying Meissner (2005) augmented with data from Obstfeld and Taylor (2003) Default Indicator: 1880-1913: Our default indicator equals one if there were one or more defaults prior to 1880.”