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      The History and Economics of Safe Assets

      1 , 2

      Annual Review of Economics

      Annual Reviews

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          Bank Runs, Deposit Insurance, and Liquidity

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            Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England

            The article studies the evolution of the constitutional arrangements in seventeenth-century England following the Glorious Revolution of 1688. It focuses on the relationship between institutions and the behavior of the government and interprets the institutional changes on the basis of the goals of the winners—secure property rights, protection of their wealth, and the elimination of confiscatory government. We argue that the new institutions allowed the government to commit credibly to upholding property rights. Their success was remarkable, as the evidence from capital markets shows.
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              Are Government Bonds Net Wealth?

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                Author and article information

                Journal
                Annual Review of Economics
                Annu. Rev. Econ.
                Annual Reviews
                1941-1383
                1941-1391
                August 02 2017
                August 02 2017
                : 9
                : 1
                : 547-586
                Affiliations
                [1 ]School of Management, Yale University, New Haven, Connecticut 06511;
                [2 ]National Bureau of Economic Research, Cambridge, Massachusetts 02138
                Article
                10.1146/annurev-economics-033017-125810
                © 2017

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