Narrow search
Showing 1 - 10 of 130
Cover Image
Domestic Institutions and the Bypass Effect of Financial Globalization
Ju, Jiandong - 2007
which financial globalization can be a substitute for reforms of domestic financial system. Inefficient financial system and … investment. While financial globalization always improves the welfare of a developed country with a good financial system, its … the world than many developing countries. A noteworthy feature of this theory is that financial and property rights …
Persistent link: https://www.econbiz.de/10012465505
Cover Image
Deflation and Monetary Policy in a Historical Perspective : Remembering the Past or Being Condemned to Repeat It?
Bordo, Michael D. - 2004
What does the historical record tell us about how to conduct monetary policy in a deflationary environment? We present a broad cross-country historical study of deflation over the past two centuries in order to shed light on current policy challenges. We first review the theoretical literature...
Persistent link: https://www.econbiz.de/10012467856
Cover Image
Sudden Stops : Determinants and Output Effects in the First Era of Globalization, 1880-1913
Bordo, Michael D. - 2007
in capital inflows during an era of intensified globalization. We find that higher levels of original sin (hard currency …
Persistent link: https://www.econbiz.de/10012465157
Cover Image
Globalization in historical perspective
Bordo, Michael D. (ed.); Taylor, Alan M. (contributor);  … - 2003
Persistent link: https://www.econbiz.de/10013480751
Cover Image
Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence
Wang, Zhi - 2010
While openness to trade is a well-recognized hallmark of many successful emerging market economies known as "growth miracles," another component of the growth model is a leapfrogging strategy - the use of policies to guide the industrial structural transformation ahead of a country's factor...
Persistent link: https://www.econbiz.de/10012462266
Cover Image
International Business Cycle Synchronization in Historical Perspective
Bordo, Michael D. - 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 of...
Persistent link: https://www.econbiz.de/10012462553
Cover Image
Growing Up to Financial Stability
Bordo, Michael D. - 2007
context of globalization then ( pre-1914) and now ( 1980 to the present). I then discuss the determinants of emerging market …
Persistent link: https://www.econbiz.de/10012465663
Cover Image
"Unusual, Unstable, Complicated, Unreliable and Temporary" Reinterpreting the Ebb and Flow of Globalization
Bordo, Michael D.; Schenk, Catherine R. - National Bureau of Economic Research - 2021
anticipated the collapse of the first era of globalization that began in the mid-nineteenth century. He admonished the short … organize: World War I, Bretton Woods, 1970s Great Inflation and Managed Floating. Each turning point was characterized by …
Persistent link: https://www.econbiz.de/10012599404
Cover Image
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
Cover Image
Exchange Rate Regime Choice in Historical Perspective
Bordo, Michael D. - 2003
Exchange rate regime choice has evolved considerably in the past 100 years. At the beginning of the twentieth century the choice was obvious - - join the gold standard, all the advanced countries have done it. Floating exchange rates and fiat money are only for profligate countries. At the...
Persistent link: https://www.econbiz.de/10012469044