Macroeconomics of the Franco-Prussian War Indemnity

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Hong Kong Institute for Monetary Research Hoffmann, Walther, Franz Grumbach and Helmut Hesse, (1965), Das Wachstum der deutschen Wirtschaft seit der Mitte des, 19, Jahrhunderts, Berlin: Springer-Verlag. Jones, Ronald W. (1975), “Presumption and the Transfer Problem,” Journal of International Economics, 5(3): 263-74. Keynes, John Maynard (1929), “The German Transfer Problem,” Economic Journal, 39: 1-7. Kindleberger, Charles P. (1993), A Financial History of Western Europe, 2nd edition, New York: OUP 1993. Kollmann, Robert (2002), “Monetary Policy Rules in the Open Economy: Effects on Welfare and Business Cycles,” Journal of Monetary Economics, 49: 989-1015. Landes, David S. (1982), “The Spoilers Foiled: The Exclusion of Prussian Finance from the French Liberation Loan of 1871,” in Charles P. Kindleberger and Guido di Tella, eds., Economics in the Long View, volume 2, New York University Press: 67-110. Lane, Philip R. and Gian Maria Milesi-Ferretti (2000), “The Transfer Problem Revisited: Net foreign Assets and Real Exchange Rates,” CEPR Discussion Paper No. 2511. Lane, Philip R. and Gian Maria Milesi-Ferretti (2001), “Long-term Capital Movements,” in NBER Macroeconomics Annual 2001. Lévy-Leboyer, Maurice (1977), “La balance des paiements et l’exportation des capitaux français,” in M. Lévy-Leboyer, ed., La Position International de la France Paris: Éditions de l’École des Hautes Études en Sciences Sociales: 75-142. Lévy-Leboyer, Maurice and François Bourguignon (1990), The French Economy in the Nineteenth Century: An Econometric Analysis, Cambridge University Press. Maddison, Angus (1991), Dynamic Forces in Capitalist Development, New York: Oxford University Press. McDougall, I. (1965), “Non-traded Goods and the Transfer Problem,” Review of Economic Studies 32: 67-84. Mitchell, Brian R. (1998), International Historical Statistics: Europe 1750-1993, 4th edition, London: MacMillan. Monroe, Arthur E. (1919), “The French Indemnity of 1871 and its Effects,” Review of Economics and Statistics, 1: 269-81. Obstfeld, Maurice, and Kenneth Rogoff (1995), “The Intertemporal Approach to the Current Account,” Chapter 34 in G.M. Grossman and K. Rogoff, eds., Handbook of International Economics, Volume 3. Amsterdam: North-Holland. 23
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