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International business cycle synchronization in historical perspective

Bordo, Michael D.; Helbling, Thomas F. - 2010

"In this paper, we review and attempt to explain the changes in business cycle synchronization among 16 industrial countries and the over the past century and a quarter, demarcated into four exchange rate regimes. We find that there is a secular trend towards increased synchronization for much...

Persistent link: https://www.econbiz.de/10003981973

Global banks and crisis transmission

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Perri, Fabrizio - 2012

Persistent link: https://www.econbiz.de/10009581833

The Importance of Sound Monetary Policy : Some Lessons for Today from Canada's Experience with Floating Exchange Rates Since 1950

Bordo, Michael D.; Siklos, Pierre L. - National Bureau of Economic Research - 2023

In this paper we revisit the Canadian experience with floating exchange rates since 1950. Canada was a pioneer in successfully adopting a floating exchange rate during the Bretton Woods pegged exchange rate regime. Since then, most advanced countries have followed the Canadian example

Persistent link: https://www.econbiz.de/10014372411

Not Just the Great Contraction: Friedman and Schwartz's A Monetary History of the United States 1867 to 1960

Bordo, Michael D.; Rockoff, Hugh - In: American Economic Review 103 (2013) 3, pp. 61-65

Milton Friedman and Anna J. Schwartz published A Monetary History of the United States: 1867 to 1960 with Princeton University Press in 1963, to critical acclaim. Since then the book's reputation has grown and it clearly has become one of the most influential volumes in economics in the...

Persistent link: https://www.econbiz.de/10010659359

Money Matters : Broad Divisia Money and the Recovery of Nominal GDP from the COVID-19 Recession

Bordo, Michael D.; Duca, John V. - National Bureau of Economic Research - 2023

The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth because past instability in the demand for simple-sum monetary aggregates had made these aggregates unreliable indicators. We find that the demand for more theoretically-based...

Persistent link: https://www.econbiz.de/10014322692

Chapter 3 Monetary policy regimes and economic performance: The historical record

Bordo, Michael D.; Schwartz, Anna J. - In: Handbook of macroeconomics : volume 1, part A, (pp. 149-234). 1999

both domestic and international aspects of the monetary regime before World War I has since declined in its relevance. At … and doctrine that developed under the pre-World War I convertible regime proved to be inadequate to deal with domestic … stabilization goals in the interwar period, setting the stage for the Great Depression. In the post-World War II era, the complete …

Persistent link: https://www.econbiz.de/10014024247

Financial integration and business cycle synchronization

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2009

Persistent link: https://www.econbiz.de/10003848424

International spillovers and local credit cycles

Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Ulu, Mehmet … - In: The review of economic studies : RES 89 (2022) 2, pp. 733-773

Persistent link: https://www.econbiz.de/10013188872

Corporate Debt, Boom-Bust Cycles, and Financial Crises

Ivashina, Victoria; Kalemli-Ozcan, Sebnem; Laeven, Luc; … - National Bureau of Economic Research - 2024

Using a new dataset on sectoral credit exposures covering financial and non-financial sectors in 115 economies over the period 1940-2014, we document the following evidence that corporate debt plays a key role in explaining boom-bust cycles, financial crises, and slow macroeconomic recoveries:...

Persistent link: https://www.econbiz.de/10014512079

Monetary policy regimes, the gold standard, and the great depression

Bordo, Michael D. - In: NBER reporter online (1999/2000) 3, pp. 10-13

Persistent link: https://www.econbiz.de/10011367499

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