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Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton Woods Float : An Impulse-Response Analysis
Bayoumi, Tamim - 1992
We use time-series methods to estimate a simple aggregate-supply aggregate-demand model in order to analyze the comparative performance of fixed- and flexible-exchange-rate systems and test competing hypotheses designed to explain shifts between exchange-rate regimes. The paper provides a...
Persistent link: https://www.econbiz.de/10012474799
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Global Imbalances and the Lessons of Bretton Woods
Eichengreen, Barry - 2004
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
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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
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The Missing Bretton Woods Debate over Flexible Exchange Rates
Irwin, Douglas A. - 2017
The collapse of the gold standard in the 1930s sparked a debate about the merits of fixed versus floating exchange rates. Yet the debate quickly vanished: there was almost no discussion about the exchange rate regime at the Bretton Woods conference in 1944 because John Maynard Keynes and Harry...
Persistent link: https://www.econbiz.de/10012455643
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Current Account Reversals : Always a Problem?
Eichengreen, Barry - 2005
and pre-World War I gold standard eras …
Persistent link: https://www.econbiz.de/10012467043
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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
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Implications of the Great Depression for the Development of the International Monetary System
Bordo, Michael D. - 1997
monetary system from 1928-1971 and simulate its implications for the determination of the world price level and the durability … implications for economic growth and resource allocation of allowing 1920s-style international capital mobility after World War II …
Persistent link: https://www.econbiz.de/10012472945
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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
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A Model of the International Monetary System
Farhi, Emmanuel - 2016
We propose a simple model of the international monetary system. We study the world supply and demand for reserve assets … denominated in different currencies under a variety of scenarios: a Hegemon vs. a multipolar world; abundant vs. scarce reserve … instability of the system, as well as the common prediction regarding the natural and beneficial emergence of a multipolar world …
Persistent link: https://www.econbiz.de/10012456380
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Bretton Woods II Still Defines the International Monetary System
Dooley, Michael P. - 2009
engulfs the world economy. A crisis caused by such flows has been widely predicted but that crisis has not occurred. Indeed … intensify and prolong the decline in economic activity around the world …
Persistent link: https://www.econbiz.de/10012463916