How does sovereign debt emerge? In the early nineteenth century, intermediaries' market
power and prestige served to overcome information asymmetries. Relying on insights from …

In the past 20 years, dedicated research efforts have helped us expand our knowledge of
how the international financial system operates. Because the emergence of global finance is …

This paper offers a theory of conditionality lending in nineteenth-century international capital
markets. We argue that ownership of reputation signals by prestigious banks rendered them …

This article examines the potential conflict of interest of underwriters in London's foreign
sovereign debt markets prior to the Baring crisis of 1890. We describe the main sources of …

How does sovereign debt emerge and become sustainable? This paper provides a new
answer to this unsolved puzzle. Focusing on the early 19th century, we argue that …

El presente trabajo analiza los mecanismos mediante los cuales la estructura del mercado
de emisión de deuda soberana en Londres entre 1880 y 1913 afectaba los costos de los …

This paper offers a theory of conditionality lending in 19th-century international capital
markets. We argue that ownership of reputation signals by prestigious banks rendered them …

This paper offers a theory of conditionality lending in 19th century international capital
markets. We argue that ownership of reputation signals by prestigious banks rendered them …

Economic Fundamentals, Market Failures and Capital Exports: Latin America and London's
Capital Market, 1880-1913 SciELO - Scientific Electronic Library Online vol.19 número3 La …

This paper offers a theory of conditionality lending in 19th-century international capital
markets. We argue that ownership of reputation signals by prestigious banks rendered them …