We examine the relationship of banking crises with economic growth and recessions. Our data cover 21 economies from around the world, most from 1870 to 2009 with the rest starting in 1901 or earlier. The data include capital investment and human capital formation. We have two major findings....

Two parameters are central to several modern quantitative models of bilateral international trade flows: the elasticity of substitution in consumption (σ) and the inverse index of heterogeneity of firms’ productivities (θ). However, structural parameter estimation applications using the...