Two centuries of monthly prices for 1,552 foreign-currency government bonds traded in London and New York, matched bond-by-bond to a new archive of defaults and haircuts, show that external sovereign …
PublishedQuarterly Journal of EconomicsOnline 23 Sep 2025Published Jan 2026
This paper provides the first causal evidence on how military service shaped Black civil rights activism in the aftermath of World War I. The research question is whether random induction into the …