NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015

Carmen M. Reinhart, Vincent Reinhart, Christoph Trebesch

NBER Working Paper No. 21958
Issued in February 2016

---- Acknowledgments ----

Forthcoming in: American Economic Review Papers and Proceedings, May 2016. This paper was prepared for the American Economic Association 2016 Annual Meeting session Do Capital Flows Need to be Tamed? Presiding: Jonathan Ostry. The authors wish to thank Sergio Schmukler, Josefin Meyer, and conference participants at the ASSA Meetings for helpful comments and suggestions and Maximillian Mandl and Thorsten Roettger for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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