STAYING DRY ON SPANISH WINE: 2019 THE REJECTION OF THE 1905 SPANISH-ITALIAN TRADE AGREEMENT Jacopo Timini Documentos de Trabajo N.º 1932 STAYING DRY ON SPANISH WINE: THE REJECTION OF THE 1905 SPANISH-ITALIAN TRADE AGREEMENT STAYING DRY ON SPANISH WINE: THE REJECTION OF THE 1905 SPANISH-ITALIAN TRADE AGREEMENT (*) Jacopo Timini (*) BANCO DE ESPAÑA (*) E-mail:
[email protected]. The views expressed in this paper are those of the author and do not necessarily represent the views of Banco de España or the Eurosystem. I would like to thank the editor, Thomas Stratmann, and the anonymous referees for their invaluable inputs. I would like to express my gratitude to Stefano Battilossi, Pilar Nogues-Marco, Giovanni Federico, Brian A’Hearn, Micheal Huberman, and Vicente Pinilla for their comments on early versions of this paper. I would also like to thank Raquel Carrasco, David Chilosi, David De La Croix, Daniel Tirado-Fabregat, Julia Estefania Flores, Rodolfo Campos, Silvia Albrizio, Celia Barroso Gutiérrez, Ángel Estrada, Pedro del Rio and the other participants of the June 2018 Research Seminar at Banco de España, May 2019 IX Iberometrics meeting at University of Alcalá, and the May 2019 Joint Seventh CEPR Economic History Symposium and Fifth Banco de España Economic History Seminar. I wish to acknowledge funding from the People Programme (Marie-Curie Actions) of the European Union’s Seventh Framework Programme FP7/2007-2013 under REA grant agreement no. 608129. All remaining errors are mine. Documentos de Trabajo. N.º 1932 2019 Updated May 2020 The Working Paper Series seeks to disseminate original research in economics and fi nance.