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Insurance Underwriter or Financial Development Fund : What Role for Reserve Pooling in Latin America?

Eichengreen, Barry - 2006

The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...

Persistent link: https://www.econbiz.de/10012466213

The Marshall Plan : History's Most Successful Structural Adjustment Program

De Long, J. Bradford - 1991

The post-World War II reconstruction of Western Europe was one of the greatest economic policy and foreign policy … that transferred some $13 billion to Europe in the years 1948-51. We examine the economic effects of the Marshall Plan, and … role in setting the stage for post-World War II Western Europe's rapid growth. The conditions attached to Marshall Plan aid …

Persistent link: https://www.econbiz.de/10012475088

Relaxing the External Constraint : Europe in the 1930s

Eichengreen, Barry - 1990

This paper documents the effects of exchange rates and the external constraint during the interwar years. In the absence of international policy coordination, exchange rate depreciation is shown to have been a necessary precondition for the adoption of policies promoting recovery from the Great...

Persistent link: https://www.econbiz.de/10012475621

The Mother of All Sudden Stops : Capital Flows and Reversals in Europe, 1919-32

Accominotti, Olivier - 2013

financial centers at the end of the 1920s figured importantly in the decline in foreign lending. We draw parallels with Europe …

Persistent link: https://www.econbiz.de/10012459081

Is Poland at Risk of a Boom-and-Bust Cycle in the Run-Up to Euro Adoption?

Eichengreen, Barry - 2008

We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption …. Our answer, inevitably, is mixed. On the one hand the fact that Poland is an outlier, credit-growth wise, accentuates the … Poland. And it is certainly conceivable that the same policies and country characteristics (not always visible to the …

Persistent link: https://www.econbiz.de/10012464209

The Service Sector as India's Road to Economic Growth

Eichengreen, Barry - 2011

While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts about the quality and sustainability of this service-sector growth and its implications for economic development. We show, consistent with the views of the sceptics, that while...

Persistent link: https://www.econbiz.de/10012461900

The Two Waves of Service Sector Growth

Eichengreen, Barry - 2009

The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...

Persistent link: https://www.econbiz.de/10012463681

The Impact of China on the Exports of Other Asian Countries

Eichengreen, Barry - 2004

We analyze the impact of China's growth on the exports of other Asian countries. Our innovation is to distinguish the increase in China's demand for imports from its increased penetration of export markets. Using the gravity model, we disaggregate among commodity types and account for the...

Persistent link: https://www.econbiz.de/10012467922

Capital Account Liberalization and Growth : Was Mr. Mahathir Right?

Eichengreen, Barry - 2003

Much ink has been spilled over the connections between capital account liberalization and growth. One reason that previous studies have been inconclusive, we show, is their failure to account for the impact of crises on growth and for the capacity of controls to limit those disruptive output...

Persistent link: https://www.econbiz.de/10012469276

When Does Capital Account Liberalization Help More than It Hurts?

Arteta, Carlos - 2001

In this paper we reconsider the evidence on capital account liberalization and growth. While we find indications of a positive association, the effects vary with time, with how capital account liberalization is measured, and with how the relationship is estimated. The evidence that the effects...

Persistent link: https://www.econbiz.de/10012470268