Capital Flows, Credit Booms, and Financial Crises in the Classical Gold Standard Era
NBER Working Paper No. 18814
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This paper is forthcoming in a special issue on the “History of Financial Crises” in the Revista de Historia de la Economía y de la Empresa being published and supported by the Archivo Histórico-BBVA (Banco Bilbao Vizcaya Argentaria)-Spain. Comments from the editor, two referees, Michael Bordo, Charlie Calomiris, and Alan M. Taylor were very helpful. The author remains responsible for all errors and omissions herein. An honorarium of less than $5,000 was paid to the author for this research by the Archivo Histórico-BBVA. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.