Emerging Markets and Financial Globalization Sovereign Bond Spreads in 1870-1913 and Today

The great economic histories, for example by Bairoch, Braudel, Cipolla, de Vries, and Pirenne, are full of detailed facts and broad ideas. Emerging Markets and Financial Globalization belongs to the same category (and on the same bookshelf) for a simple reason - like the classics, you cannot pick up this volume without learning or thinking something new. Sovereign bond spreads shed great light on both how the world used to operate and where it may now be headed. Simon Johnson, Kurtz Professor, Sloan School of Management, MIT