Failures in the international money markets and their systemic implications have attracted a great deal of attention in the wake of the recent global financial crisis. Liquidity problems in the interbank funding markets are not a new phenomenon...

By Sebastian Alvarez

Offshore financial centres have attracted considerable critical attention over the past few decades as havens for lightly taxed funds that circulate outside the regulatory oversight of major financial centres. This paper addresses the emergence of an offshore market in US dollars in Singapore from the late 1960s...

By Catherine Schenk

The recent European debt crises has renewed interest as to why debtor countries honor their foreign debts and subscribe to respectively burdensome rescheduling conditions. While the cost of defaulting...

By Sebastian Alvarez

During the Great Recession speechmakers from the ECB executive board drew lessons from the interwar years to inform their policy. Here, Text Mining methods and structural model analysis are used to examine 1009 speeches given between 2007 and 2015. 

By Anselm Kuesters

Whether or not Swedish commercial banks take undue risks in their intermediation of credit is an ongoing topic of discussion. Here, the authors study the deposit and lending ratio of Swedish banks in the past in order to reveal how different banks make assessments of risk and develop their lending policies over time. 

By Mats Larsson and Henric Häggqvist

The Federal Reserve Act of 1913  was supposed to transform the  money market and its relationship to the banking system in the United States. This paper explores the historical narratives which reformers used to frame and implement these major policy reforms.

By Mary O'Sullivan

 Among the many uncertainties about the nature of the UK's international economic relations after Brexit, the role of the City of London as a financial centre is one of the most difficult to predict. This paper examines the City's history, and the evolution of London as an international financial centre, to appraise the City's resilience and potential for innovation.

By Catherine R. Schenk

During the Eurozone and post-2008 crises the acronym PIGS served as a shorthand for designating European “problem” countries. Using collocation - or word pairing - analysis this paper investigates how this country grouping heuristic developed by looking at shifts in the words paired with “Spain” in Die Zeit between 1946 and 2017.

By Elisa Garrido Moreno

The trade-finance nexus has enjoyed increasing interest in recent economic studies, but empricial evidence is scarce and studies from a historical perspective seem missing. This study analyses the effect of German bank entry on Brazilian coffee exports between 1880 and 1913 using firm-level data. 

by Wilfried Kisling

In Latin America most central banks were founded during the interwar period. This paper analyzes how these newly created institutions responded to the onset of the Great Depression.

By Adriana Calcagno and Juan Flores Zendejas

This paper examines uses of the past in crisis resolution programmes in Asia in the 1990s finding that issues raised in Mexico in 1995 had yet to translate into policy and practice. 

By Åsa Malmström Rognes

This paper is a documentation of a seminar on financial crises held at Uppsala, Sweden it provides a record of papers presented by Catherine Schenk, Youssef Cassis and Richard Roberts and the ensuing debate.

Mats Larsson and Jan Ottosson (eds)

This paper analyses the role of UK foreign policy in the development of the soverign debt crisis in Eastern Europe in the 1980s. It suggests that UK foreign policy helped to create the conditions that  led to the development of this crisis.

By Catherine Lefèvre

In this p[aper the Swedish pro-active approach to banking regulation is contrasted with the approach adopted in Britain. It is suggested that their respective civil and common law traditions may explain their divergent approaches to defining and regulating capital adequacy.

By Åsa Malmström Rognes

This paper analyses the introduction and use of capital adequacy requirements in Swedish commercial banking during the period 1915-1935.  How were capital adequacy rules designed, and how did banks of different sizes react to their introduction? Were there any alterations to the capital adequacy requirements, and if so, how did the banks react to these? 

by Mats Larsson

The onset of the Eurozone crisis popularised the PIGS acronym.  In order to investigate the historic formation of this country group heuristic we apply a Structural Topic Model (STM) to all 2,443 articles published in the German newspaper Die Zeit that mention Spain between 1946 and 2009. 

By Anselm Küsters and Elisa Garrido Moreno