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The Economic Consequences of the Franc Poincare

Eichengreen, Barry - 1986

In this paper we reassess the cyclical performance of the French economy in the 1920s, focusing in particular on the … exports as a share of GDP turned down as early as 1928, the economy continued to expand for several subsequent years …. Investment, not exports, emerges as the proximate source of the French economy's resistance to the Great Depression. And fiscal …

Persistent link: https://www.econbiz.de/10012477005

From Great Depression to Great Credit Crisis : Similarities, Differences and Lessons

Almunia, Miguel - 2009

The Great Depression of the 1930s and the Great Credit Crisis of the 2000s had similar causes but elicited strikingly different policy responses. It may still be too early to assess the effectiveness of current policy responses, but it is possible to analyze monetary and fiscal policies in the...

Persistent link: https://www.econbiz.de/10012463125

Before the Accord : U.S. Monetary-Financial Policy 1945-51

Eichengreen, Barry - 1990

Thia paper analyzes U.S. monetary-financial policy in the period leading up to the Treasury-Fed Accord. We model policy as an implicit target zone for the price level and an explicit zone for interest rates, and the difficulties on the eve of the Accord as an incipient run on a collapsing...

Persistent link: https://www.econbiz.de/10012475653

From Benign Neglect to Malignant Preoccupation : U.S. Balance-of-Payments Policy in the 1960s

Eichengreen, Barry - 2000

expanding world economy was dollar balances. The role of the United States was to act as banker to the world, borrowing short …

Persistent link: https://www.econbiz.de/10012471141

International Economic Policy : Was There a Bush Doctrine?

Eichengreen, Barry - 2008

While many political scientists and diplomatic historians see the Bush presidency as a distinctive epoch in American foreign policy, we argue that there was no Bush Doctrine in foreign economic policy. The Bush administration sought to advance a free trade agenda but could not avoid the use of...

Persistent link: https://www.econbiz.de/10012464815

Fiscal Policy and Monetary Union : Is There a Tradeoff between Federalism and Budgetary Restrictions?

Eichengreen, Barry - 1996

The Maastricht Treaty on Europe Union features an Excessive Deficit Procedure limiting the freedom to borrow of governments participating in the European monetary union. One justification is to prevent states from over- borrowing and demanding a bailout which could divert the European Central...

Persistent link: https://www.econbiz.de/10012473342

The Breakup of the Euro Area

Eichengreen, Barry - 2007

The possibility that the euro area might break up was being raised even before the single currency existed. These scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various member states led politicians to blame the European...

Persistent link: https://www.econbiz.de/10012465257

Central Bank Transparency : Causes, Consequences and Updates

Dincer, Nergiz - 2009

We present updated estimates of central bank for 100 countries up through 2006 and use them to analyze both the determinants and consequences of monetary policy transparency in an integrated econometric framework. We establish that there has been significant movement in the direction of greater...

Persistent link: https://www.econbiz.de/10012463856

Central Bank Transparency : Where, Why, and with What Effects?

Dincer, N. Nergiz - 2007

Greater transparency in central bank operations is the most dramatic change in the conduct of monetary policy in recent years. In this paper we present new information on its extent and effects. We show that the trend is general: a large number of central banks have moved in the direction of...

Persistent link: https://www.econbiz.de/10012465652

The Monetary Consequences of a Free Trade Area of the Americas

Eichengreen, Barry - 2003

How will free trade affect monetary policy and exchange rate regime choices in the Americas? While the European Union illustrates how the creation of an integrated market in goods and services can enhance monetary cooperation and integration, it is not clear that Europe's experience translates...

Persistent link: https://www.econbiz.de/10012469032