Institutional Reforms, Financial Development and Sovereign Debt
Britain 1690–1790
Dados Bibliográficos
| ID | 10104539 |
|---|---|
| Autores | Naomi Sussman (0000-0002-4172-1029, Hebrew University of Jerusalem, autor correspondente), Nathan Sussman, Yishay Yafeh (0000-0003-0642-6515, Hebrew University of Jerusalem) |
| Ano | 2006 |
| Volume | 66 |
| Fascículo | 4 |
| Páginas | 906-935 |
| Data de publicação | 2006-11-28 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | The Journal of Economic History (JOURNAL) |
| Identificadores do periódico | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Editora | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050706000374 |
| OpenAlex | W1553544259 |
| Idioma | EN |
| Citações recebidas | 44 |
| Referências citadas | 32 |
We revisit the evidence on the relations between institutions, the cost of government debt, and financial development in Britain (1690–1790) and find that interest rates remained high and volatile for four decades after the Glorious Revolution, partly due to wars and instability; British interest rates co-moved with those in Holland; Debt per capita remained lower in Britain than in Holland until around 1780; and Britain did not borrow at lower rates than European countries with more limited protection of property rights. We conclude that, in the short run, institutional reforms are not rewarded by financial markets
Debt · Economics · Financial market · Financial system · Interest rate · Monetary economics · Per capita · Political science · Population · Sovereign debt · Sovereignty · Culture, Economy, and Development Studies · Economic Policies and Impacts · Finance · Historical Economic and Social Studies
Rulers, Religion, and Riches
Political Transformations and Public Finances
The Rise of Europe
Coordinating monetary and fiscal policies in Britain during the French Wars (1793–1821)
Re-examining democratization's impact on foreign borrowing costs during the first era of globalization
Of families and inheritance
Time or spot? A revaluation of Amsterdam market data prior to 1747
Regina Grafe, Distant Tyranny
The political economy of expulsion
The Rise of Effective States in Europe
State Capacity and the Economic History of Colonial India
Interest Rates
Risky Institutions
Hiding in a Twilight Zone
Fiscal Centralization, Limited Government, and Public Revenues in Europe, 1650–1913
Performing Public Credit at the Eighteenth-Century Bank of England
Political coalitions in the House of Commons, 1660–1690
Was the Glorious Revolution a Constitutional Watershed
Japan’s return to gold
The business history of the preindustrial world
Cities, Constitutions, and Sovereign Borrowing in Europe, 1274–1785
Beyond War and Contracts
Elite Coalitions, Limited Government, and Fiscal Capacity Development
Central Banks at War
Katia Béguin Financer la guerre au XVIIesiècle. La dette publique et les rentiers de l'absolutisme Paris, Champ Vallon, 2012, 392 p
Economic Institutions and the State
Financial Developments in London in the Seventeenth Century
Baring, Wellington and the Resurrection of French Public Finances Following Waterloo
War, Moral Hazard, and Ministerial Responsibility
How Fiscal Policy Affects Prices
From credit to debt
American Military Interests and Economic Confidence in Spain under the Franco Dictatorship
Public Finance and Economic Growth
Institutional Change and Property Rights before the Industrial Revolution
Marketing Sovereign Promises
The Stop of the Exchequer and the Secondary Market for English Sovereign Debt, 1677-1705
Did the Glorious Revolution contribute to the transport revolution? Evidence from investment in roads and rivers 1
Financing the rebuilding of the City of London after the Great Fire of 1666
Credibility building in the sovereign debt market
External debt and commitment mechanisms
Private borrowing during the financial revolution
Seeing credit and property rights from below
Demanding 'credible commitment
The alchemy of gold
The Rise of Financial Capitalism
The First Modern Economy
The Rise of Europe
Credible Commitment in Early Modern Europe
Finance and Government under Maria Theresa, 1740-1780
Public Debt and the Birth of the Democratic State
Freedom and Growth
The First Modern Economy
Law and Finance
The Condition of the Working Class in England, 1209–2004
Constitutions and Commitment
The Emergence of a National Capital Market in England, 1710–1880
Institutions, Reforms, and Country Risk
Financial Systems and Economic Modernization
The Cash Nexus
The Great Divergence in European Wages and Prices from the Middle Ages to the First World War
Paying for privilege
The Industrial Revolution
Progress and poverty in early modern Europe
The Financial Market and Government Debt Policy in France, 1746-1793
Revolution, Restoration, and Debt Repudiation
The Interest Rate Effect of Dutch Money in Eighteenth-Century Britain
Private borrowing during the financial revolution
The Political Foundations of Modern Economic Growth
The Rise of Financial Capitalism
British government borrowing in wartime, 1750-1815
| Obras citantes distintas | 44 |
|---|---|
| Citações por ano | 2,1 |
| Intervalo de citações | 2005 - 2024 (20) |
| Velocidade de citação | recent |
| Altamente citado | Não |
| Tipos de citação | Neutras: 44 |