Skip to main content Accessibility help
  • Get access
    Check if you have access via personal or institutional login
  • Cited by 1
  • Print publication year: 2017
  • Online publication date: October 2017

2 - Fiscal States and Sovereign Debt Markets

from Part I - Comparative Historical and Institutional Perspectives
Acemoglu, D. and Robinson, J.A. (2006) Economic Origins of Dictatorship and Democracy, Cambridge: Cambridge University Press.
Acemoglu, D. and Robinson, J.A. (2012) Why Nations Fail: The Origins of Power, Prosperity and Poverty, London: Profile.
Acemoglu, D., Johnson, S. and Robinson, J.A. (2005) ‘Institutions as a Fundamental Cause of Long-Run Growth’, in Aghion, P. and Durlauf, S. (eds), Handbook of Economic Growth, 1: 385472.
Akerlof, G.A. (1970) ‘The Market for “Lemons”: Quality Uncertainty and the Market Mechanism’, The Quarterly Journal of Economics, 84, no. 3 (August): 488500.
Arnold, A.J. and McCartney, S.M. (2011) ‘Veritable Gold Mines before the Arrival of Railway Competition: But Did Dividends Signal Rates of Return in the English Canal Industry?Economic History Review, 64: 214–36.
Backhaus, J.G. (2004) ‘Joseph A. Schumpeter’s contributions in the area of fiscal sociology: a first approximation’, Journal of Evolutionary Economics, 14: 143–51.
Backhaus, J.G. (ed.) (2005) Essays on Fiscal Sociology, Frankfurt: Peter Lang.
Bae, K.-H. and Bailey, W. (2011) ‘The Latin Monetary Union: Some Evidence on Europe’s Failed Common Currency’, Review of Development Finance, 1 (April–June): 131–49.
Barro, R.J. and Gordon, D. B. (1983) ‘Rules, Discretion, and Reputation in a Model of Monetary Policy’, Journal of Monetary Economics, 12: 101–21.
Berlin, I. (2015) The Long Emancipation: The Demise of Slavery in the United States, Boston: Harvard University Press.
Bonney, R. (ed.) (1995.) Economic Systems and State Finance. Oxford: Clarendon Press.
Bordo, M. and Landon-Lane, J. (2013). ‘Does Expansionary Monetary Policy CauseAsset Price Booms: Some Historical and Empirical Evidence’, NBER Working Paper. No. 19585, October.
Bordo, M. and Rockoff, H. (1996) ‘The Gold standard as a Good Housekeeping Seal of Approval’, Journal of Economic History, 54: 389428.
Bryer, R.A. (1991) ‘Accounting for the ‘Railway Mania’ of 1845: A Great Railway Swindle?Accounting, Organizations and Society, 16, no. 5/6: 439–86.
Cardinale, I. and Coffman, D. (2014) ‘Economic Interdependencies and Political Conflict: The Political Economy of Taxation in Eighteenth-Century Britain’, Economia Politica: Journal of Analytical and Institutional Economics, 31, no. 3: 277300.
Cardoso, J.L. and Lains, P. (eds.) (2010) Paying for the Liberal State: The Rise of Public Finance in Nineteenth-Century Europe, Cambridge: Cambridge University Press.
Carruthers, B. (1996) City of Capital: Politics and Markets in the English Financial Revolution, Princeton: Princeton University Press.
Clark, G. (2007) ‘What Made Britannia Great? How Much of the Rise of Britain to World Dominance by 1850 Does the Industrial Revolution Explain?’ The New Comparative Economic History: Essays in Honor of Jeffrey G. Williamson: 33–57.
Clemens, M.A., and Williamson, J.G. (2004) ‘Wealth Bias in the First Global Capital Market Boom, 1870–1913’, The Economic Journal, 114, no. 495: 304337.
Coffman, D.D. (2013) Excise Taxation and the Origins of Public Debt. Basingstoke: Palgrave Macmillan.
Coffman, D.D. (2015) ‘The Political Economy of Grain Markets.’ In Baranzini, M., Rotondi, C., and Scazzieri, R., (eds), Resources, Production and Structural Dynamics. Cambridge: Cambridge University Press, pp. 5371.
Coffman, D., Leonard, A. and Neal, L.D. (2013) Questioning Credible Commitment: New Perspectives on the Rise of Financial Capitalism, Cambridge: Cambridge University Press.
Coffman, D.D. and Neal, L.D. (2014) The History of Financial Crises, 4 vols., Abingdon: Routledge.
Davis, L. and Neal, L. (1998) ‘Micro Rules and Macro outcomes: The Impact of Micro Structure on the Efficiency of Security Exchanges, London, New York, and Paris, 1800–1914’, The American Economic Review, 88, no. 2: 4045.
Demirguc-Kunt, A. and Levine, R. (2001) Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development, Cambridge: MA, MIT Press.
Diamond, P.A. and Mirrlees, J.A. (1971) ‘Optimal Taxation and Public Production I: Production Efficiency, II: Tax Rules’, American Economic Review, 61: 827, 261–78.
Ferguson, N. and Schularick, M. (2006) ‘The Empire Effect: The Determinants of Country Risk in the First age of Globalization, 1880–1913’, The Journal of Economic History, 66 (June): 283312.
Flandreau, M. and Sussman, N. (2004) ‘Old Sins: Exchange Rate Clauses and European Foreign Lending in the 19th Century’, CEPR Discussion Papers 4248.
Flandreau, M. and Zumer, F. (2004) The Making of Global Finance, 1880–1913, Paris: OECD Development Centre Studies.
Gerschenkron, A. (1962) Economic Backwardness in Historical Perspective. Cambridge, MA: Harvard University Press.
Graff, M. (2003) ‘Financial Development and Economic Growth in Corporatist and Liberal Market Economies,’ Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 39 (2, March): 4769.
Harris, R. (1997) ‘Political Economy, Interest Groups, Legal Institutions, and the Repeal of the Bubble Act in 1825’, The Economic History Review, 50, no. 4: 675696.
Harris, R. (2004) ‘Government and the Economy, 1688–1850’, in Floud, R. and Johnson, P. (eds.), The Cambridge Economic History of Modern Britain, Cambridge: Cambridge University Press, vol. I, pp. 204–37.
Janeway, W.H. (2012) Doing Capitalism in the Innovation Economy: Markets, Speculation and the State, Cambridge: Cambridge University Press.
Kennedy, W. (1913) English Taxation 1640–1799: An Essay on Policy and Opinion, London: Frank and Cass, Ltd.
Keynes, J.M. (1919) The Economic Consequences of the Peace. London: Macmillan.
Lescure, J. (1906) General and Periodic Industrial Crises (the first English Translation of Jean Lescure’s Des crises generales et périodiques de surproduction). (co-eds. D.Coffman and A.Kabiri) (Forthcoming Anthem Books, Ideas That Built Europe, 2017).
Levine, R. and Zervos, S. (1998) ‘Stock Markets, Banks, and Growth’, The American Economic Review, 88, no. 3: 537–58.
Levine, R. (with Demirguc- Kunt, A.) (2001) Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development, Cambridge, MA: MIT Press.
Levy, H. (1911) Monopoly and Competition: A Study in English Industrial Organization, London: Macmillan and Co.
Matthews, G.T. (1958) The Royal General Farms in Eighteenth-Century France, New York: Columbia University Press.
Mauro, P., Sussman, N. and Yafeh, Y. (2002) ‘Emerging Market Spreads: Then versus Now’, The Quarterly Journal of Economics, 117, no. 2: 695733.
Mauro, P., Sussman, N. and Yafeh, Y. (2006) Emerging Markets and Financial Globalization: Sovereign Bond Spreads in 1870–1913 and Today, Oxford: Oxford University Press.
McCartney, S. and Arnold, A.J. (2003) ‘The Railway Mania of 1845–1847: Market Irrationality or Collusive Swindle Based on Accounting Distortions?’, Accounting, Auditing & Accountability Journal, 16, no. 5: 821–52.
Min, B.S. (2003) ‘FDI and Trade: Links in the Case of Malaysia’, Journal of the Asia Pacific Economy, 8, no. 2: 229250.
Murphy, A.L. (2013) ‘Demanding “Credible Commitment”: Public Reactions to the Failures of the Early Financial Revolution’, The Economic History Review, 66: 178–97.
Neal, L.D. (1990) The Rise of Financial Capitalism: International Capital Markets in the Age of Reason., Cambridge: Cambridge University Press.
Neal, L.D. (1998) ‘The Bank of England’s First Return to Gold and the Stock Market Crash of 1825,’ Federal Reserve Bank of St. Louis Review, 79 (May–June): 5376.
North, D. and Weingast, B. (1989) ‘Constitutions and Commitment: The Evolution of Institutional Governing Public Choice in Seventeenth-Century England’, Journal of Economic History (December): 803–32.
O’Brien, P.K. and Hunt, P.A. (1999) ‘England 1485–1815’, in Bonney, R. (ed.), The Rise of the Fiscal State in Europe, C. 1200–1815, Oxford, Oxford University Press, pp. 53100.
O’Rourke, K. and Williamson, J.G. (1995) ‘Open Economy Forces and Late 19th Century Swedish Catch-Up: A Quantitative Accounting’, Scandinavian Economic History Review, 2: 171203.
Pabst, A. and Scazzieri, R. (2016) ‘The Political Economy of Constitution’, Oeconomia (History, Methodology, Philosophy), 6, no. 3: 337362.
Petty, W. (1769 [1662]). A Treatise of Taxes [and] Contributions. In Petty, W. (1769) Tracts, Chiefly Relating to Ireland: Containing: I. A Treatise of Taxes and Contributions: II. Essays in Political Arithmetic: III. The Political Anatomy of Ireland. Dublin: Printed by Boulter Grierson.
Reinhart, C.M. and Rogoff, K.S. (2009) This Time Is Different: Eight Centuries of Financial Folly, Princeton: Princeton University Press.
Rostow, W.W. (1960) The Stages of Economic Growth: A Non-Communist Manifesto, Cambridge: Cambridge University Press.
Sachs, J.D., Warner, A. Åslund, A. and Fisher, S. (1995) ‘Economic Reform and the Process of Global Integration’, Brookings Papers on Economic Activity, no. 1: 1-118.
Santayana, G. (1905) The Life of Reason: The Phases of Human Progress, New York: Prometheus Books.
Schumpeter, J.A. (1954 [1918]) ‘The Crisis of the Tax State’, International Economic Papers, iv: 538.
Seligman, E.R.A. (1892) On the Shifting and Incidence of Taxation. [Baltimore]: American Economic Association.
Seligman, E.R.A. (1910) The Shifting and Incidence of Taxation, 3rd edn. New York: The University of Columbia Press.
Turner, E.R. (1916) ‘Early Opinion about English Excise.’ The American Historical Review 21, no. 2: 314318.
Williams, D.M. and Armstrong, J. (2008) ‘Promotion, Speculation and Their Outcome: The “Steamship Mania” of 1824–1825.’ In S. A. Roberts (ed,), Aslib Proceedings, vol. 60, no. 6, pp. 642660. Emerald Group Publishing Limited.
Willis, H. P. (1901) The Genesis of the Latin Monetary Union. Chicago: University of Chicago Press.
Worstall, T. (2015) ‘Greece Has Been in Default for 50% of Its Time as an Independent Country’, Forbes Magazine (online), 1 July,