The Pitfalls of External Dependence: Greece, 1829-2015
---- Acknowledgments ----
We wish to thank Josefin Meyer, Michael Papaioannou, Michalis Psalidopoulos, Vincent Reinhart, David Romer, Julian Schumacher, Constantine Yannelis and Robert Zoellick for helpful comments and Jochen Andritzky and Stellios Makrydakis for sharing the data from their studies, which we cite here. Sebastian Horn, Maximilian Mandl and Maximilian Rupps provided invaluable research assistance. This paper was prepared for the Brookings Papers on Economic Activity Fall 2015 panel. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.