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International Coordination of Central Bank Policy

Engel, Charles - 2015

This paper surveys the current state of the literature on international monetary policy coordination. It relates recent policy discussions to the lessons from the literature. It proposes several avenues for future research

Persistent link: https://www.econbiz.de/10012457714

When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets

Chitu, Livia - 2012

This paper offers new evidence on the emergence of the dollar as the leading international currency, focusing on its role as currency of denomination in global bond markets. We show that the dollar overtook sterling much earlier than commonly supposed, as early as in 1929. Financial market...

Persistent link: https://www.econbiz.de/10012460562

Monetary Contracting Between Central Banks and the Design of SustainableExchange-Rate Zones

Delgado, Francisco - 1990

An exchange-rate system is a set of contracts which commits central banks to intervene in the foreign-exchange market. The design features of the system include: the rules of intervention, the limits placed on exchange rates and the "crisis scenario" which describes possible transitions to new...

Persistent link: https://www.econbiz.de/10012475590

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 Gold Standard, Bretton Woods and other Monetary Regimes : An Historical Appraisal

Bordo, Michael - 1993

This paper provides answers to two questions. The first question is which international monetary regime is best for economic performance? One based on fixed exchange rates: including the gold standard and its variants? Adjustable peg regimes such as the Bretton Woods system and the European...

Persistent link: https://www.econbiz.de/10012474648

The Operation and Demise of the Bretton Woods System; 1958 to 1971

Bordo, Michael D. - 2017

Hampshire at the height of World War II. The Articles represented a compromise between the American plan of Harry Dexter White … rates of the pre World War I gold standard with some flexibility to handle large real shocks. The compromise gave members … thereby starving the rest of the world of needed liquidity leading to global deflation and depression as occurred in the 1930s …

Persistent link: https://www.econbiz.de/10012455492

A retrospective on the Bretton Woods system : lessons for international monetary reform

Bordo, Michael D. (ed.); Eichengreen, Barry (contributor) - 1993

Persistent link: https://www.econbiz.de/10000323052

Monetary Policy Cooperation/Coordination and Global Financial Crises in Historical Perspective

Bordo, Michael D. - 2020

The COVID-19 pandemic spawned a global liquidity crisis in March 2020. The global liquidity crisis was alleviated by the Federal Reserve and other advanced country central banks cooperating by extending the swap lines they developed in the Global Financial Crisis 2007-2008. Central bank...

Persistent link: https://www.econbiz.de/10012482117

Do We Really Need a New International Monetary Compact?

Obstfeld, Maurice - 2000

In recent years, many countries have instituted monetary reforms aimed at improving anti-inflation credibility. Is it a problem, however, that international welfare spillover effects seldom receive much consideration in the design of monetary reforms? Surprisingly, the answer may be no. Under...

Persistent link: https://www.econbiz.de/10012470879

Bretton Woods and Its Precursors : Rules Versus Discretion in the History of International Monetary Regimes

Giovannini, Alberto - 1992

policymakers alike. This paper asks whether it can be applied to understand the history of the world monetary system, by focusing … motivations to return to gold in the interwar period. Then it evaluates the British and US plan for world monetary reform …

Persistent link: https://www.econbiz.de/10012474979