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Measuring real economic effects of bailouts : historical perspectives on how countries in financial distress have fared with and without bailouts
Bordo, Michael D.; Schwartz, Anna Jacobson - 2000
Persistent link: https://www.econbiz.de/10001476989
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Measuring real economic effects of bailouts : historical perspectives on how countries in financial distress have fared with and without bailouts
Bordo, Michael D.; Schwartz, Anna Jacobson - In: Carnegie Rochester conference series on public policy : … 53 (2000), pp. 81-167
Persistent link: https://www.econbiz.de/10001586728
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Measuring Real Economic Effects of Bailouts : Historical Perspectives on How Countries in Financial Distress Have Fared With and Without Bailouts
Bordo, Michael D. - 2000
In this paper we first trace the changing nature of banking, currency and debt crises from the last century to the present. Each type of crisis has transmogrified in the presence of official intervention and the creation of a safety net. A similar pattern is observed for international rescue...
Persistent link: https://www.econbiz.de/10012471060
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Exchange rate regimes, globalization, financial crises, and monetary policy
Bordo, Michael D. - In: NBER reporter online (2006/2007) 4, pp. 10-13
Persistent link: https://www.econbiz.de/10011366980
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Measuring Real Economic Effects of Bailouts : Historical Perspectives on How Countries in Financial Distress Have Fared with and Without Bailouts
Bordo, Michael D.; Schwartz, Anna J. - 2022
In this paper we first trace the changing nature of banking, currency and debt crises from the last century to the present. Each type of crisis has transmogrified in the presence of official intervention and the creation of a safety net. A similar pattern is observed for international rescue...
Persistent link: https://www.econbiz.de/10014155989
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Central Bank Credibility Before and after the Crisis
Bordo, Michael D. - 2015
A new measure of credibility is constructed as a function of the differential between observed inflation and some estimate of the inflation rate that the central bank targets. The target is assumed to be met flexibly. Credibility is calculated for a large group of both advanced and emerging...
Persistent link: https://www.econbiz.de/10013011938
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The Transformation and Performance of Emerging Market Economies Across the Great Divide of the Global Financial Crisis
Bordo, Michael D. - 2019
The process of central bank (CB) evolution by emerging market economies (EMEs), including central bank independence (CBI) and transparency (CBT), converged towards that of the advanced economies (AEs) before the Global Financial Crisis (GFC) of 2007-2008. It was greatly aided by the adoption of...
Persistent link: https://www.econbiz.de/10012861733
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The Transformation and Performance of Emerging Market Economies Across the Great Divide of the Global Financial Crisis
Bordo, Michael D. - 2019
The process of central bank (CB) evolution by emerging market economies (EMEs), including central bank independence (CBI) and transparency (CBT), converged towards that of the advanced economies (AEs) before the Global Financial Crisis (GFC) of 2007-2008. It was greatly aided by the adoption of...
Persistent link: https://www.econbiz.de/10012480286
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The transformation and performance of emerging market economies across the great divide of the global financial crisis
Bordo, Michael D.; Siklos, Pierre L. - 2019
Persistent link: https://www.econbiz.de/10012128879
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Central bank Credibility Before and After the Crisis
Bordo, Michael D. - 2015
A new measure of credibility is constructed as a function of the differential between observed inflation and some estimate of the inflation rate that the central bank targets. The target is assumed to be met flexibly. Credibility is calculated for a large group of both advanced and emerging...
Persistent link: https://www.econbiz.de/10012456960