It constructs a fresh set of house price indices based on the hedonic method and on mortgage data from a major London-based building society, showing that both house prices & rents inflated significantly during the 1920s but moderated thereafter & even deflated during the 1930s housing boom.
Now on Early View: 'Measuring the interwar housing boom: House prices and rents in England, 1913–39'.
By Antoninus M. Samy.
onlinelibrary.wiley.com/doi/epdf/10....
It suggests that currency depreciation may have stimulated exports by lowering credit costs and widening profit margins, rather than by reducing selling prices in Antwerp.
Drawing on price data from Gresham's Daybook, this article challenges the conventional claim that English cloth became cheaper in Antwerp during the late 1540s export boom.
Now on Early View: 'The Great Debasement and English overseas trade: Gresham and Johnson in context'
By Ling-Fan Li.
#EHS100
onlinelibrary.wiley.com/doi/10.1111/...
It finds that Black people made greater socio-economic advances where Reconstruction was more rigorously enforced, and that these effects persisted at least until the early 20th century, and suggests a mechanism – via property taxes – to explain these results.
This paper investigates how Reconstruction affected Black socio-economic advancement after the American Civil War, using the location of federal troops and Freedmen's Bureau offices to indicate more intensive federal enforcement of civil rights.
Now on Early View: 'Was freedom road a dead end? Socio-economic effects of Reconstruction in the American South'.
By Jeffry Frieden, Richard S. Grossman & Daniel Lowery.
@jafrieden.bsky.social @columbiauniversity.bsky.social @harvard.edu
#EHS100
onlinelibrary.wiley.com/doi/epdf/10....
It measures speculation in the UK since 1785 using business/financial reporting in The Times, with a monthly index revealing four epochs. It finds that low interest rates foment the development of higher speculation, & that eras of higher speculation are often followed by greater banking instability
Now on Early View: 'Speculation in the United Kingdom, 1785‒2019'.
By William Quinn, John D. Turner & Clive B. Walker.
@willquinn.bsky.social @profjohnturner.bsky.social
@qubelfastofficial.bsky.social @cepr.org @unibonn.bsky.social
onlinelibrary.wiley.com/doi/10.1111/...
#EHS100
#EHS100
It demonstrates that the Black Death brought wage gains for some, but did not benefit all labourers equally. Whilst there was commercialization in labour markets, custom and uneven market forces remained significant for wage inequality in medieval England.
Now on Early View: 'The commercialization of labour markets: Evidence from wage inequality in the Middle Ages'.
By Jordan Claridge, Vincent Delabastita & Spike Gibbs.
@jordanclaridge.bsky.social @vincentdelabastita.bsky.social @kingshistory.bsky.social
onlinelibrary.wiley.com/doi/10.1111/...
Overall, Ottoman gains were slower than those in western Europe in both periods. A regression analysis points to the role of geography and technological and institutional changes including changes in state capacity as the main determinants shaping integration patterns.
Using a large body of mostly archival price data, this study argues that rates of Ottoman wheat market integration fluctuated without a clear trend during the early modern era followed by greater international integration and geographically uneven domestic integration in the 19th century.
Now on Early View: 'Market integration in the Ottoman Balkans and the Middle East from the sixteenth century until the First World War'.
By Pınar Ceylan, K. Kıvanç Karaman & Şevket Pamuk.
@camhistory.bsky.social @cepr.org
#EHS100
onlinelibrary.wiley.com/doi/epdf/10....
Banks averted a crisis as falling loan demand and a shift towards large, profitable clients, combined with tighter lending practices, preserved their profitability, though at the cost of restricting credit to small firms and new clients.
Through a series of policy measures resembling financial repression, the Dutch government actively encouraged this shift to sustain demand for government debt.
It shows that Dutch commercial bank deposits declined as funds shifted to government-guaranteed savings institutions, driven by lower long-term interest rates rather than by a flight to safety.
Now on the Long Run: 'A series of (un)fortunate events: Commercial bank interest rates and deposit reallocation during the Great Depression in the Netherlands'.
By Ruben Peeters & Amaury de Vicq de Cumptich.
onlinelibrary.wiley.com/doi/10.1111/...
It presents data involving 999 hoards & 160,007 coins from 550-300BC. It displays the widespread use of several Classical Greek coinages, including the proliferation of Corinthian-style coinage in Sicily/Italy & the penetration of Athenian coinage into non-Greek areas: the Levant, Far East, & Egypt
Now on Early View: 'The circulation and distribution of classical Greek coinage'.
By Zane Mullins.
onlinelibrary.wiley.com/doi/epdf/10....
Presenting new estimates of 1930s Anglo-Italian manufacturing, it reveals a wide labour productivity gap: Italy holds its ground in textiles and partly in steel/chemicals, but overall the Fascist-era divide with Britain remained stark.
Now on Early View: 'Chasing the perfida Albione: Anglo-Italian productivity gap in the late 1930s'.
By Tancredi Salamone.
#EHS100
onlinelibrary.wiley.com/doi/10.1111/...
It shows that the system mimicked a flexible exchange rate system to work around the incentive problem posed by the overvaluation of the official rate fixed to the Japanese yen.
This article reconstructs the exchange rate system of Japanese-occupied North China during the Sino-Japanese War, in which exporters were given the right to import that could be sold to a third party.
Now on Early View in the Economic History Review: 'Building a Potemkin village in occupied China: Japan's wartime system of linked trade, 1939–43'.
By Shinji Takagi.
onlinelibrary.wiley.com/doi/10.1111/...
This article shows that rational behaviour of speculators in terms of both intra- and inter-annual arbitrage in grain markets developed in western Germany from the eighteenth to the first half of the nineteenth century. This was well before the onset of rapid industrialization.
Now on Early View: 'The slow emergence of the rational investor: Grain markets and grain storage of rural estates in western Germany, eighteenth and early nineteenth centuries'.
By Matthias Hartermann, Ulrich Pfister & Friederike Scholten-Buschhoff.
@uni-muenster.de
