This paper aims to provide new light on a famous episode in financial history, the so called Baring crisis. Taking a microeconomic approach, this paper addresses issues that were not emphasized in traditional explanations of the crisis. We analyze borrowing costs in the 1880s using new data from debt contracts. We argue that, despite a worsening macroeconomic situation in Argentina, its Government continued to have capital market access besides decreasing borrowing costs. This paper suggests that competition between financial intermediaries was a main cause behind the crisis.

Lending booms, underwriting and competition: the baring crisis revisited

In this 1995 study of the causes of nationalisation, experts in British industrial history analyse the public ownership debates, and explain how many well-informed and moderate groups came to believe that the public ownership of certain major industries would be economically beneficial. During Attlee's Labour governments of 1945â€“51 a number of important industries, including coal, electricity, the railways and gas were taken into public ownership, and legislation was passed for the nationalisation of the steel industry. It was then argued that nationalisation would lead to an improvement in the efficiency of these key sectors, on which the rest of British industry depended for inputs. This study examines the historical issues and uses detailed case studies of industries to explore the public ownership debate.

The Political Economy of Nationalisation in Britain, 1920â€“1950

The wave of sovereign defaults in the 1890s was one of the worst ever remembered in the history of finance. From Argentina in 1890 to Brazil in 1898, countries in Latin America and Southern Europe defaulted on their external debt, inflicting investors with huge losses. However, this was the last cluster of defaults of the gold standard era. At the beginning of the 20th century and until the outbreak of World War I, defaults were less frequent despite the continuous increase in foreign government borrowing. The literature has provided several explanations on this apparent success all relative to improvements introduced in the market. This paper argues that the fall in the number of defaults is more related to a more favorable world macroeconomic environment and to an increased liquidity available in international financial markets than to an abrupt shift in the manner in which defaults were handled. I show that settlements were more correlated with the relative facility to re-access foreign capital markets...

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Crying on Lombard Street: fixing sovereign defaults in the 1890s

https://dialnet.unirioja.es/descarga/articulo/5009930.pdf

Historia del petróleo en la Argentina. 1907-1955: Desde los inicios hasta la caída de Perón

The paper analyzes the images and discourses constructed by the political humor press about the corruption scandals aroused on the Banco Provincial de Santa Fe in the second half of the 19 th century. We examine the meanings adopted by the term corruption and the way the scandals principal actors are portayed based on certain problems framed on the New Cultural History of the Political Corruption. The main contribution of the paper is thinking -from the journalist discourse- the importance of the banks as scene of corruption practices.

/pdf/imagenes-discursos-y-escandalos-de-corrupcion-el-banco-1lm68nd6g4.pdf

Imágenes, discursos y escándalos de corrupción. El Banco Provincial de Santa Fe, 1889-1894

Uno de los fenomenos mas caracteristicos de la economia mundial en la segunda mitad del siglo xix fue, sin duda, la masiva exportacion de capitales desde los paises mas avanzados de Europa hacia los denominados «paises nuevos». Este flujo de capitales estuvo estrechamente relacionado con la fuerte expansion del comercio internacional, y especialmente con la creciente demanda de bienes primarios de las mismas naciones receptoras.

/pdf/exportaciones-de-capital-hacia-los-paises-nuevos-los-bancos-53dbf687wh.pdf

Exportaciones de capital hacia los paises nuevos: los bancos franceses y las finanzas publicas argentinas, 1881–1887

Between 1900 and 1935, the Argentine economy experienced important changes. Strongly specialized at first in the exportation of primary goods to European markets, the economy gradually turned to import substitution for the internal market. This transition was accompanied by increases in the number and scope of the functions performed by the State. In this paper we approach this evolution with an analysis of public investment in two critical areas: railways and water and drainage works, both of which resulted in the formation of the first public enterprises. Other aspects of public finances are also examined here: the evolution and structure of tax collection and public debt, both of which experienced an ever increasing complexity and scope.

/pdf/financiamiento-e-inversion-publica-en-la-argentina-en-un-2a2kh9837w.pdf

Financiamiento e Inversión Pública en la Argentina en un Periodo de Transición, 1900–1935. Un Enfoque General y Dos Estudios de Caso

/pdf/en-los-comienzos-de-la-empresa-publica-argentina-la-3g4ehcp8iz.pdf

En los comienzos de la empresa pública argentina: la Administración de los Ferrocarriles del Estado y las Obras Sanitarias de la Nación antes de 1930

https://dialnet.unirioja.es/descarga/articulo/3740378.pdf

En los comienzos del Estado empresario: la inversión pública en ferrocarriles y obras sanitarias entre 1900 y 1928

Desorden y Progreso. Las crisis económicas argentinas 1870-1905, Pablo Gerchunoff, Rocchi Fernando y Gastón Rossi. Edhasa, Buenos Aires (2008). 391 pp.

Andrés Martín Regalsky

Papers

Exportaciones de capital hacia los paises nuevos: los bancos franceses y las finanzas publicas argentinas, 1881–1887

Financiamiento e Inversión Pública en la Argentina en un Periodo de Transición, 1900–1935. Un Enfoque General y Dos Estudios de Caso

En los comienzos de la empresa pública argentina: la Administración de los Ferrocarriles del Estado y las Obras Sanitarias de la Nación antes de 1930

En los comienzos del Estado empresario: la inversión pública en ferrocarriles y obras sanitarias entre 1900 y 1928

Desorden y Progreso. Las crisis económicas argentinas 1870-1905, Pablo Gerchunoff, Rocchi Fernando y Gastón Rossi. Edhasa, Buenos Aires (2008). 391 pp.