Throughout history, rich and poor countries alike have been lending, borrowing, crashing,
and recovering their way through an extraordinary range of financial crises. Each time, the …

This paper develops the empirical and theoretical case that differences in economic
institutions are the fundamental cause of differences in economic development. We first …

This paper offers a" panoramic" analysis of the history of financial crises dating from
England's fourteenth-century default to the current United States sub-prime financial crisis …

The historical frequency of banking crises is similar in advanced and developing countries,
with quantitative parallels in both the run-ups and the aftermath. We establish these …

Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in
theoretical and empirical work while offering new perspectives on a range of growth …

We here bring forward strong evidence that political instability impedes financial
development, with its variation a primary determinant of differences in financial development …

This book is the first comprehensive and systematic English-language treatment of Mexico's
economic history to appear in nearly forty years. Drawing on several years of in-depth …

During the 1990s Mexico conducted two experiments with its banking system. In the first
experiment (1991–96) it privatized the banks. This experiment took place with weak …

Related lending, a widespread practice in LDCs, is widely held to encourage bankers to loot
their banks at the expense of minority shareholders and depositors. We argue that neither …

This book is a detailed historical description of the evolution of corporate governance and
stock markets in Brazil in the late nineteenth and twentieth centuries. The analysis details …