Книга Восхождение денег - Найл Фергюсон

40 Irving Katz, August Belmont: A Political Biography (New York, 1968), особенно стр. 96–99.

41 S. Diamond (ed.), A Casual View of America: The Home Letters of Salomon de Rothschild, 1859–1861 (London, 1962).

42 Cm.: Rudolf Glanz, The Rothschild Legend in America’, Jewish Social Studies, 19 (1957). Pp. 3-28.

43 Marc D. Weidenmier, The Market for Confederate Cotton Bonds’, Explorations in Economic History, 37 (2000). Pp. 76–97. См. его же работу: Turning Points in the U.S. Civil War: Views from the Grayback Market’, Southern Economic Journal, 68, 4 (2002). Pp. 875–890.

44 Cm.: W O. Henderson, The Lancashire Cotton Famine: 1861–1865 (Manchester, 1934); Thomas Ellison, The Cotton Trade of Great Britain (NewYork, 1968 [1886]).

45 Marc D. Weidenmier, ‘Comrades in Bonds: The Subsidized Sale of Confederate War Debt to British Leaders’, Claremont McKenna College Working Paper (2/2003).

46 Richard Roberts, Schroders: Merchants and Bankers (Basingstoke, 1992). P. 66.

47 Richard С. K. Burdekin and Marc D. Weidenmier, ‘Inflation is Always and Everywhere a Monetary Phenomenon: Richmond vs. Houston in 1864’, American Economic Review, 91, 5 (12/2001). Pp. 1621–1630.

48 Richard Burdekin and Marc Weidenmier, ‘Suppressing Asset Price Inflation: The Confederate Experience, 1861–1865’, Economic Inquiry, 41, 3 (7/2003), 420–432. Cm.: Eugene M. Lerner, ‘Money, Prices and Wages in the Confederacy, 1861–1865’, Journal of Political Economy, 63, 1 (2/1955). Pp– 20–40.

49 Frank Griffith Dawson, The First Latin American Debt Crisis (London, 1990).

50 Kris James Mitchener and Marc Weidenmier, ‘Supersanctions and Sovereign Debt Repayment’, NBER Working Paper 11472 (2005).

51 Niall Ferguson and Moritz Schularick, The Empire Effect: The Determinants of Country Risk in the First Age of Globalization, 1880–1913 Journal of Economic History, 66, 2 (6/2006). Pp. 283–312.

52 Kris James Mitchener and Marc Weidenmier, ‘Empire, Public Goods, and the Roosevelt Corollary’, Journal of Economic History, 65 (2005). Pp. 658–692.

53 William Cobbett, Rural Rides (London, 1985 [1830]). Pp. 117.

54 Ibid., pp. 34, 53.

55 M. de Cecco, Money and Empire: The International Gold Standard, 1890–1914 (Oxford, 1973).

56 Theo Balderston, ‘War Finance and Inflation in Britain and Germany, 1914–1918’, Economic History Review, 42, 2 (5/1989). Pp. 222–244.

57 Подсчитано с использованием В. R. Mitchell, International Historical Statistics: Europe, 1750-199} (London, 1998. Pp. 358ff.

58 Jay Winter and Jean-Louis Robert (eds.), Capital Cities at War: Paris, London, Berlin 1914–1919, Studies in the Social and Cultural History of Modern Warfare, No. 2 (Cambridge, 1997). P. 259.

59 Gerald D. Feldman, The Great Disorder: Politics, Economy and Society in the German Inflation, 1914–1924 (Oxford / New York, 1997). Pp. 211–254.

60 Elias Canetti, Crowds and Power (New York, 1988). P 186.

61 John Maynard Keynes, A Tract on Monetary Reform, reprinted in Collected Writings, vol. iv (Cambridge, 1971). Pp. 3, 29, 36.

62 John Maynard Keynes, The Economic Consequences of the Peace (London, 1919). Pp. 220–233.

63 Frank Whitson Fetter, ‘Lenin, Keynes and Inflation’, Economica, 44, 173 (2/1977). P 78.

64 William C. Smith, ‘Democracy, Distributional Conflicts and Macroeconomic Policymaking in Argentina, 1983–1989’, Journal of Interamerican Studies and World Affairs, 32, 2 (Summer 1990)/ Pp. 1-42. См. также: Rafael Di Telia and Ingrid Vogel, ‘The Argentine Paradox: Economic Growth and Populist Tradition’, Harvard Business School Case 9-702-001 (2001).

65 Ferguson, World's Banker, ch. 27.

66 Подробнее об этом см.: Gerardo della Paolera and Alan M. Taylor, Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880–1935 (Chicago, 2001).

67 ‘A Victory by Default’, Economist, 3/3/2005.

68 Недавно эта тема обсуждалась в работе: Michael Tomz, Reputation and International Cooperation: Sovereign Debt across Three Centuries (Princeton, 2007).

69 “Великая инфляция” обсуждается сразу в нескольких работах: Fabrice Collard and Harris Delias, ‘The Great Inflation of the 1970s’, Working Paper (1/10/2003); Edward Nelson, ‘The Great Inflation of the Seventies: What Really Happened?’, Federal Reserve Bank of St Louis Working Paper, 2004-001 (1/2004); Allan H. Meltzer, ‘Origins of the Great Inflation’, Federal Reserve Bank of St Louis Review, Part 2 (3–4/2005). Pp. 145-175-

70 Эти одиннадцать рынков – Австралия, Канада, Франция, Германия, Гонконг, Ирландия, Япония, Нидерланды, Швейцария, Великобритания и США. См. Watson Wyatt, ‘Global Pension Fund Assets Rise and Fall’: http://www.watsonwyatt.com/news/press. aspUD = 18579.

71 CNN, 9/7/2000.

72 Testimony of Chairman Alan Greenspan, Federal Reserve Board’s semiannual Monetary Policy Report to the Congress, before the Committee on Banking, Housing, and Urban Affairs, US Senate, 16/2/2005.

III. Пуская пузыри

1 Эта тема хорошо изучена, из недавних работ надо отметить Timothy Guinnane, Ron Harris, Naomi R. Lamoreaux, and Jean-Laurent Rosenthal, Putting the Corporation in its Place’, NBER Working Paper 13109 (5/2007).

2 См. особенно: Robert J. Shiller, Irrational Exuberance (2nd edn., Princeton, 2005).

3 Cm.: Charles P. Kindleberger, Manias, Panics and Crashes: A History of Financial Crises (3rd edn., New York / Chichester / Brisbane / Toronto / Singapore, 1996). Pp. 12–16. В своей работе Киндлебергер отдает должное революционным наработкам Хаймана Мински. Две ключевые работы последнего: Hyman Р. Minsky, ‘Longer Waves in Financial Relations: Financial Factors in the More Severe Depressions’, American Economic Review, 54, 3 (5/1964). Pp. 324–335; ‘Financial Instability Revisited: The Economics of Disaster’, in Hyman P. Minsky (ed.), Inflation, Recession and Economic Policy (Brighton, 1982). Pp. 117–161.

4 Kindleberger, Manias. P 14.

5 ‘The Death of Equities’, Business Week, 13/8/1979.

6 ‘Dow 36,000’, Business Week, 27/9/1999.

7 William N. Goetzmann and Philippe Jorion, ‘Global Stock Markets in the Twentieth Century’, Journal of Finance, 54, 3 (6/1999). Pp. 953–980.

8 Jeremy J. Siegel, Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies (New York, 2000).