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Is Globalization Today Really Different than Globalization a Hunderd Years Ago?

Bordo, Michael D. - 1999

for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

Persistent link: https://www.econbiz.de/10012471593

Lending Booms, Reserves, and the Sustainability of Short-Term Debt : Inferences from the Pricing of Syndicated Bank Loans

Eichengreen, Barry - 1999

This paper analyzes the determinants of spreads on syndicated bank lending to emerging markets, treating the loan-extension and pricing decisions as jointly determined. Compared to the bond market, our findings highlight the role of international banks in providing credit to smaller borrowers...

Persistent link: https://www.econbiz.de/10012471681

Was There Really an Earlier Period of International Financial Integration Comparable to Today?

Bordo, Michael D. - 1998

In this paper we reconsider the international market integration, starting at high levels in the late nineteenth century, collapsing between the wars, and recovering gradually after 1945 to reach levels comparable to pre-1914 in the 1990's. The empirical evidence we survey suggests that in some...

Persistent link: https://www.econbiz.de/10012472076

The Rise and Fall of a Barbarous Relic : The Role of Gold in the International Monetary SYstem

Bordo, Michael D. - 1998

inelastically supplied precious metal and elastcially suppled foreign exchange to meet the the world economy's demand for reserves …

Persistent link: https://www.econbiz.de/10012472369

The Gold Standard and the Great Depression

Eichengreen, Barry - 1997

politics, but only after the interaction of national policies had drawn the world into the Great Depression …

Persistent link: https://www.econbiz.de/10012472754

Implications of the Great Depression for the Development of the International Monetary System

Bordo, Michael D. - 1997

monetary system from 1928-1971 and simulate its implications for the determination of the world price level and the durability … implications for economic growth and resource allocation of allowing 1920s-style international capital mobility after World War II …

Persistent link: https://www.econbiz.de/10012472945

Contagious Currency Crises

Eichengreen, Barry - 1996

This paper is concerned with the fact that the incidence of speculative attacks tends to be temporally correlated; that is, currency crises appear to pass contagiously from one country to another. The paper provides a survey of the theoretical literature, and analyzes the contagious nature of...

Persistent link: https://www.econbiz.de/10012473161

The Role of History in Bilateral Trade Flows

Eichengreen, Barry - 1996

This paper investigates the theory and evidence that history plays a role in shaping the direction of international trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in the past and membership in preferential arrangements in...

Persistent link: https://www.econbiz.de/10012473283

Trade Blocs, Currency Blocs and the Disintegration of World Trade in the 1930s

Eichengreen, Barry - 1993

favorable nor unfavorable implication for world trade; instead the balance of trade-creating and trade-diverting effects …

Persistent link: https://www.econbiz.de/10012474505

Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton Woods Float : An Impulse-Response Analysis

Bayoumi, Tamim - 1992

We use time-series methods to estimate a simple aggregate-supply aggregate-demand model in order to analyze the comparative performance of fixed- and flexible-exchange-rate systems and test competing hypotheses designed to explain shifts between exchange-rate regimes. The paper provides a...

Persistent link: https://www.econbiz.de/10012474799