We gather the most comprehensive database of government bonds for the first globalisation era to date to conduct the first historically informed study of the importance of liquidity for colonial and sovereign yield spreads. Considering both liquidity and credit shows that the two markets were...

"Emma Dowling examines the care crisis in the UK, looking at the changes to the care system over the last decade. Dowling gives an account not only of the impact of austerity measures on care provision in the UK but also of the underlying logic of neoliberalism driving the crisis."

Using firm-level data for the UK, we investigate the link between firms' financial health, borrowing ratio and export exit, paying special attention to the recent financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit...