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Exchange Rate Regimes and Capital Mobility : How Much of the Swoboda Thesis Survives?

Eichengreen, Barry - 2008

Alexander Swoboda is one of the originators of the bipolar view that capital mobility creates pressure for countries to abandon intermediate exchange rate arrangements in favor of greater flexibility and harder pegs. This paper takes another look at the evidence for this hypothesis using two...

Persistent link: https://www.econbiz.de/10012464545

Global Imbalances and the Lessons of Bretton Woods

Eichengreen, Barry - 2004

, with the spread of globalization, there is a new periphery, Asia, but the same old core, the United States, with the same … interest. This image of the current system as Bretton Woods reborn also overlooks how the world has changed since the 1960s … resembling the Bretton Woods System, it is not long for this world …

Persistent link: https://www.econbiz.de/10012468196

Was There Really an Earlier Period of International Financial Integration Comparable to Today?

Bordo, Michael D. - 1998

In this paper we reconsider the international market integration, starting at high levels in the late nineteenth century, collapsing between the wars, and recovering gradually after 1945 to reach levels comparable to pre-1914 in the 1990's. The empirical evidence we survey suggests that in some...

Persistent link: https://www.econbiz.de/10012472076

The U.S. Current Account Deficit : Gradual Correction or Abrupt Adjustment?

Edwards, Sebastian - 2006

In this paper I use a large multi-country data set to analyze the determinants of abrupt and large "current account reversals." The results from a variance-component probit model indicate that the probability of experiencing a major current account reversal is positively affected by larger...

Persistent link: https://www.econbiz.de/10012466540

Productivity Measurement and the Impact of Trade and Technology on Wages : Estimates for the U.S., 1972-1990

Feenstra, Robert C. - 1997

We develop an empirical framework to assess the importance of trade and technical change on the wages of production and nonproduction workers. Trade is measured by the foreign outsourcing of intermediate inputs, while technical change is measured by the shift towards high-technology capital such...

Persistent link: https://www.econbiz.de/10012472762

The Geography of Trade and Technology Shocks in the United States

Autor, David H. - 2013

This paper explores the geographic overlap of trade and technology shocks across local labor markets in the United States. Regional exposure to technological change, as measured by specialization in routine task-intensive production and clerical occupations, is largely uncorrelated with regional...

Persistent link: https://www.econbiz.de/10012459721

Testing the Melitz Model of Trade : An Application to U.S. Motion Picture Exports

Hanson, Gordon H. - 2008

In this paper, we develop a simple empirical method to test two alternative versions of the Melitz (2003) model, one with global fixed export costs and one with bilateral fixed export costs. With global costs, import sales per product variety (relative to domestic sales per variety) are...

Persistent link: https://www.econbiz.de/10012464186

Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?

Edwards, Sebastian - 2005

In this paper I analyze the relationship between the U.S. dollar and the U.S. current account. I deal with issues of sustainability, and I discuss the mechanics of current account adjustment. The analysis presented in this paper differs from other work in several respects: First, I emphasis the...

Persistent link: https://www.econbiz.de/10012467137

Still Fettered After All These Years

Eichengreen, Barry - 2002

monetary and financial system in transmitting those destabilizing impulses to the rest of the world. It explains the speed and …

Persistent link: https://www.econbiz.de/10012469433

The Rise and Fall of a Barbarous Relic : The Role of Gold in the International Monetary SYstem

Bordo, Michael D. - 1998

inelastically supplied precious metal and elastcially suppled foreign exchange to meet the the world economy's demand for reserves …

Persistent link: https://www.econbiz.de/10012472369