and its possible ascension to reserve currency status. In an unstable and financially integrated world, governments …' precautionary demand for reserve assets is likely to increase. But the world then risks a third crisis of the global reserve system …, another re-run of the Triffin paradox, with an ever-growing emerging-world insurance demand loaded onto a small group of ever …

The long-run economic performance of Argentina since World War One has been relatively disappointing until recently … World War One" and then the Great Depression proved a setback for the fledgling financial system deterioration set in after …

Why did per capita income divergence occur so dramatically during the 19th Century, rather than at the outset of the …

exchange rate movements of both emerging and advanced countries in 2008. Countries with large war chests did not depreciate …

Did adoption of the gold standard exacerbate or diminish macroeconomic volatility? Supporters thought so, critics … absorption in a world of real shocks and nominal stickiness. A simple model shows how a lack of flexibility can be discerned in … did absorb shocks, but the interwar gold standard did not, and this historical pattern suggests that the interwar gold …

of World War I and World War II …