The mother of all sudden stops: capital flows and reversals in Europe, 1919-32

Accominotti, Olivier and Eichengreen, Barry (2016) The mother of all sudden stops: capital flows and reversals in Europe, 1919-32. Economic History Review, 69 (2). pp. 469-492. ISSN 0013-0117

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Abstract

New data documenting European bond issues in major financial centres from 1919 to 1932 show that conditions in international capital markets and not just in borrowing countries are important for explaining the surge and reversal in capital flows. In particular, the sharp increase in stock market volatility in the major financial centres at the end of the 1920s figured importantly in the decline in foreign lending. This article draws parallels with Europe after 2008

Item Type:	Article
Official URL:	http://onlinelibrary.wiley.com/journal/10.1111/(IS...
Additional Information:	© 2015 Economic History Society
Divisions:	Economic History
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance
Date Deposited:	26 Sep 2017 14:55
Last Modified:	05 Apr 2024 23:12
URI:	http://eprints.lse.ac.uk/id/eprint/84308

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