caa a22 4500 388069546 CHVBK 20180307125143.0 cr unu---uuuuu 161130e199909 xx s 000 0 eng 10.1017/S002205070002355X doi S002205070002355X pii (NATIONALLICENCE)cambridge-10.1017/S002205070002355X Carey Kevin Kevin Carey is Assistant Professor, American University, Department of Economics, 4400 Massachusetts Ave., NW, Washington, DC 20016-8029. E-mail kcarey@american.edu. Investigating a Debt Channel for the Smoot-Hawley Tariffs: Evidence from the Sovereign Bond Market [Elektronische Daten] [Kevin Carey] I examine the change in prices of foreign sovereign dollar bonds over several weeks in 1930 that marked major legislative progress for the Smoot-Hawley tariffs. If the market was preoccupied by anticipated debt-repayment problems arising from the tariffs, this should be visible in the cross-countty pattern of bond prices. The bond price data are compared to indicators of country sensitivity to the tariffs and debt service. A significant relationship is found for bond price changes in June 1930, but the size of the effect is very small. Analysis at the regional and individual country level reveals some puzzling cases. Copyright © The Economic History Association 1999 The Journal of Economic History Cambridge University Press 59/3(1999-09), 748-761 0022-0507 59:3<748 1999 59 JEH https://doi.org/10.1017/S002205070002355X text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S002205070002355X text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Carey Kevin Kevin Carey is Assistant Professor, American University, Department of Economics, 4400 Massachusetts Ave., NW, Washington, DC 20016-8029. E-mail kcarey@american.edu NATIONALLICENCE 773 0- The Journal of Economic History Cambridge University Press 59/3(1999-09), 748-761 0022-0507 59:3<748 1999 59 JEH CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge