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Replication data for: Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015

Version
V0
Resource Type
Dataset
Creator
  • Reinhart, Carmen M.
  • Reinhart, Vincent
  • Trebesch, Christoph
Publication Date
2016-05-01
Description
  • Abstract

    Capital flow and commodity cycles have long been connected with economic crises. Sparse historical data, however, has made it difficult to connect their timing. We date turning points in global capital flows and commodity prices across two centuries and provide estimates from alternative data sources. We then document a strong overlap between the ebb and flow of financial capital, the commodity price super-cycle, and sovereign defaults since 1815. The results have implications for today, as many emerging markets are facing a double bust in capital inflows and commodity prices, making them vulnerable to crises.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.p20161014 (Text)
Publications
  • Reinhart, Carmen M., Vincent Reinhart, and Christoph Trebesch. American Economic Review, American Economic Review, 106, no. 5 (n.d.): 574–80. https://doi.org/10.1257/aer.p20161014.
    • ID: 10.1257/aer.p20161014 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Reinhart, Carmen M.; Reinhart, Vincent; Trebesch, Christoph (2016): Replication data for: Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113437