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CEP discussion paper
Large capital inflows, sectoral allocation and economic performance

This paper describes the stylized facts characterizing periods of exceptionally large capital inflows in a sample of 70 middle- and high-income countries over the last 35 years. We identify 155 episodes of large capital ...Read more...

Gianluca Benigno, Nathan Converse and Luca Fornaro

1 May 2015

CEP discussion paper
Reparations, Deficits, and Debt Default: the Great Depression in Germany

Germany?s Great Depression of the early 1930s started in 1929 with a sudden stop in the current account. It ended after a foreign debt default that unfolded in several stages from 1931 to 1933. This chapter reviews Germa...Read more...

Albrecht Ritschl

14 June 2012