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Legal-political factors and the historical evolution of the finance-growth link

Bordo, Michael D.; Rousseau, Peter L. - 2006

Persistent link: https://www.econbiz.de/10003288941

Legal-political factors and the historical evolution of the finance-growth link

Bordo, Michael D.; Rousseau, Peter L. - 2006

Persistent link: https://www.econbiz.de/10003261429

Legal-political factors and the historical evolution of the finance-growth link

Bordo, Michael D.; Rousseau, Peter L. - In: European review of economic history 10 (2006) 3, pp. 421-444

Persistent link: https://www.econbiz.de/10003403703

Legal-Political Factors and the Historical Evolution of the Finance-Growth Link

Bordo, Michael D. - 2006

affect real outcomes. In this paper we pursue this new direction by considering relationships between finance, growth, legal … seem linked to larger financial sectors and higher conditional rates of economic growth. Despite the explanatory power of … some of our measures of the deeper "fundamentals," however, a significant part of the growth-enhancing role of financial …

Persistent link: https://www.econbiz.de/10012466634

The real exchange rate in the long run : Balassa-Samuelson effects reconsidered

Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample period. Although the traditional Balassa-Samuelson...

Persistent link: https://www.econbiz.de/10010374513