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Is Globalization Today Really Different than Globalization a Hunderd Years Ago?

Bordo, Michael D. - 1999

for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

Persistent link: https://www.econbiz.de/10012471593

Crises Now and Then : What Lessons from the Last Era of Financial Globalization

Eichengreen, Barry - 2002

We consider the operation of international capital markets in two periods of globalization, before 1914 and after 1971 … international monetary framework was responsible for the relatively short-lived and mild nature of pre-World War I financial crises …

Persistent link: https://www.econbiz.de/10012469999

Non-Economic Engagement and International Exchange : The Case of Environmental Treaties

Rose, Andrew K. - 2008

We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...

Persistent link: https://www.econbiz.de/10012464658

The trials of the trilemma : international finance 1870-2017

Esteves, Rui Pedro; Eichengreen, Barry - 2019

Persistent link: https://www.econbiz.de/10012051739

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

Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis

Rose, Andrew K. - 2011

While the global financial crisis was centered in the United States, it led to a surprising appreciation in the dollar, suggesting global dollar illiquidity. In response, the Federal Reserve partnered with other central banks to inject dollars into the international financial system. Empirical...

Persistent link: https://www.econbiz.de/10012461299

International Financial Remoteness and Macroeconomic Volatility

Rose, Andrew K. - 2008

This paper shows that proximity to major international financial centers seems to reduce business cycle volatility. In particular, we show that countries that are further from major locations of international financial activity systematically experience more volatile growth rates in both output...

Persistent link: https://www.econbiz.de/10012464312

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 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

Does the WTO Make Trade More Stable?

Rose, Andrew K. - 2004

I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General …

Persistent link: https://www.econbiz.de/10012468487