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Currency Crisis and Unemployment: Sterling in 1931

Eichengreen, Barry; Jeanne, Olivier - C.E.P.R. Discussion Papers - 1998

This paper studies the role of unemployment in sterling’s inter-war experience. According to most narrative accounts, the proximate cause of the 1931 sterling crisis was a high and rising unemployment rate that placed pressure on British governments to pursue reflationary policies. We present...

Persistent link: https://www.econbiz.de/10005792142

Is Poland at Risk of a Boom-and-Bust Cycle in the Run-Up to Euro Adoption?

Eichengreen, Barry; Steiner, Katharina - C.E.P.R. Discussion Papers - 2008

We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption … from expectations of euro adoption will further feed that boom. On the other hand the fact that interest rates have already … converged part way to euro-area levels (and more extensively than in earlier adopters that experienced a sharp fall in rates and …

Persistent link: https://www.econbiz.de/10005124037

The Anatomy of Financial Crises

Eichengreen, Barry; Portes, Richard - C.E.P.R. Discussion Papers - 1986

A financial crisis is a disturbance to financial markets, associated typically with falling asset prices and insolvency among debtors and intermediaries, which spreads through the financial system, disrupting the market's capacity to allocate capital. In this paper we analyze the generation and...

Persistent link: https://www.econbiz.de/10005281361