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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
We find that although some EMEs did maintain the levels of CBI and CBT that they had before the crisis, on average they …
Persistent link: https://www.econbiz.de/10012480286
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Keeping Capital Flowing : The Role of the IMF
Bordo, Michael D. - 2004
In this paper, we examine the IMF's role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF program, although they may initially deteriorate...
Persistent link: https://www.econbiz.de/10012467855
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A retrospective on the classical gold standard, 1821 - 1931
Bordo, Michael D. (ed.); Schwartz, Anna Jacobson (contributor) - 1984
Persistent link: https://www.econbiz.de/10000085706
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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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The Future of EMU : What Does the History of Monetary Unions Tell Us?
Bordo, Michael D. - 1999
The creation of EMU and the ECB has triggered a discussion of the future of EMU. Independent observers have pointed to a number of shortcomings or hazard areas' in the construction of EMU, such as the absence of a central lender of last resort function for EMU, the lack of a central authority...
Persistent link: https://www.econbiz.de/10012471419
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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
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"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
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
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The Global Velocity Curve 1952-1982
Bordo, Michael D. - 1986
cross country comparison in the post World War II period of 84 countries arrayed from very low to very high per capita …
Persistent link: https://www.econbiz.de/10012476996
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The Imbalances of the Bretton Woods System 1965 to 1973 : U.S. Inflation, The Elephant in the Room
Bordo, Michael D. - 2018
the rest of the world rather than focusing on issues with U.S. monetary and fiscal policies. In addition, at the urging of …
Persistent link: https://www.econbiz.de/10012481056
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Original Sin and the Great Depression
Bordo, Michael D. - 2020
Depression. The gold standard heightened exposure to global shocks and prolonged the Great Depression. Why then did countries …
Persistent link: https://www.econbiz.de/10012482024