The mother of all sudden stops: capital flows and reversals in Europe, 1919-32

Olivier Accominotti and Barry Eichengreen

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: New data documenting European bond issues in major financial centres from 1919 to 1932 show that conditions in international capital markets and not just in borrowing countries are important for explaining the surge and reversal in capital flows. In particular, the sharp increase in stock market volatility in the major financial centres at the end of the 1920s figured importantly in the decline in foreign lending. This article draws parallels with Europe after 2008

JEL-codes: F3 G3 N0 (search for similar items in EconPapers)
Date: 2016-04-21
New Economics Papers: this item is included in nep-his, nep-ifn and nep-opm
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Citations: View citations in EconPapers (10)

Published in Economic History Review, 21, April, 2016, 69(2), pp. 469-492. ISSN: 0013-0117

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Related works:
Journal Article: The mother of all sudden stops: capital flows and reversals in Europe, 1919–32 (2016)
Working Paper: The Mother of All Sudden Stops: Capital Flows and Reversals in Europe, 1919-32 (2013)
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