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The Decline of Latin American Economies : Growth, Institutions, and Crises
Bordo, Michael D. (contributor);  … - 2007
slow growth, rampant protectionism, and rising inflation plagued Latin America for years, where corrupt institutions and …
Persistent link: https://www.econbiz.de/10014487959
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U.S. Intervention and the Early Dollar Float : 1973-1981
Bordo, Michael D. - 2010
The dollar's depreciation during the early floating rate period, 1973-1981, was a symptom of the Great Inflation. In …
Persistent link: https://www.econbiz.de/10013135219
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U.S. Foreign-Exchange-Market Intervention During the Volcker-Greenspan Era
Bordo, Michael D. - 2010
The Federal Reserve abandoned foreign-exchange-market intervention because it conflicted with the System's commitment to price stability. By the early 1980s, economists generally concluded that, absent a portfolio-balance channel, sterilized foreign-exchange-market intervention did not provide...
Persistent link: https://www.econbiz.de/10013139393
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U.S. Monetary-Policy Evolution and U.S. Intervention
Bordo, Michael D. - 2011
The United States all but abandoned its foreign-exchange-market intervention operations in late 1995, when they proved corrosive to the credibility of the Federal Reserve's commitment to price stability. We view this decision as the culmination of the evolution of U.S. monetary policy over the...
Persistent link: https://www.econbiz.de/10013119099
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On the Evolution of U.S. Foreign-Exchange-Market Intervention : Thesis, Theory, and Institutions
Bordo, Michael D. - 2011
Reserve's ability to credibly commit to low and stable inflation. This chapter also provides a theoretical discussion of …
Persistent link: https://www.econbiz.de/10013123428
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A Brief Empirical History of U.S. Foreign-Exchange Intervention : 1973-1995
Bordo, Michael D. - 2010
This paper assesses U.S. foreign-exchange intervention since the inception of generalized floating. We find that intervention was by and large ineffectual. We first identify which interventions were successful according to three criteria. Then, we test whether the number of observed successes...
Persistent link: https://www.econbiz.de/10013152710
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Bretton Woods and the U.S. Decision to Intervene in the Foreign-Exchange Market, 1957-1962
Bordo, Michael D.; Humpage, Owen; Schwartz, Anna J. - 2013
The deterioration in the U.S. balance of payments after 1957 and an accelerating loss of gold reserves prompted U.S. monetary authorities to undertake foreign-exchange-market interventions beginning in 1961. We discuss the events leading up to these interventions, the institutional arrangements...
Persistent link: https://www.econbiz.de/10014223411
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The Great Inflation : The Rebirth of Modern Central Banking
Beyer, Andreas (contributor); Blinder, Alan S. (contributor) - 2013
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy … allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of … the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing …
Persistent link: https://www.econbiz.de/10014482137