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NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Namsuk Kim

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Working Papers

November 2003The Market for American State Government Bonds in Britain and the United States, 1830-1843
with John Joseph Wallis: w10108
In the 1830s the British and American economies were hit by a series of shared macroeconomic shocks. This paper investigates the role of markets for Americas State bonds in Britain and the U.S. during and between the crises in 1837, 1839, and 1842. There is strong evidence that the crises in 1839 and 1842 originated in the U.S. and spread to Britain. There is also strong evidence that credit markets for American state bonds were tighter in the U.S. than in London between 1839 and 1842.

Published: Kim, Namsuk and John Joseph Wallis. "The Market For American State Government Bonds In Britain And The United States, 1830-43," Economic History Review, 2005, v58(3,Aug), 736-764.

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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