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Crises Now and then : What Lessons from the Last Era of Financial Globalization
Eichengreen, Barry; Bordo, Michael D. - 2021
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/10013231411
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Migration, Spillovers,And Trade Diversion : The Impact of Internationalization on Stock Market Liquidity
Levine, Ross; Schmukler, Sergio L. - 2021
What is the impact of firms that cross-list, issue depositary receipts, or raise capital in international stock markets on the liquidity of remaining firms in domestic markets? Using a panel of over 3,200 firms from 55 countries during 1989-2000, we find that internationalization reduces the...
Persistent link: https://www.econbiz.de/10013234046
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Is Globalization Today Really Different than Globalization a Hunderd Years Ago?
Bordo, Michael D.; Eichengreen, Barry; Irwin, Douglas A. - 2021
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/10013214589
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Might Global Uncertainty Promote International Trade?
Baley, Isaac - 2019
Common wisdom dictates that uncertainty impedes trade—we show that uncertainty can fuel more trade in a simple general equilibrium trade model with information frictions. In equilibrium, increases in uncertainty increase both the mean and the variance in returns to exporting implying that...
Persistent link: https://www.econbiz.de/10012891335
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International Policy Coordination : The Long View
Eichengreen, Barry - 2013
This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10013091942
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The external wealth of nations mark II : revisited and extended estimates of foreign assets and liabilities, 1970 - 2004
Lane, Philip R.; Milesi-Ferretti, Gina Maria - In: Journal of international economics 73 (2007) 2, pp. 223-250
Persistent link: https://www.econbiz.de/10003586316
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On the international transmission of shocks : micro-evidence from mutual fund portfolios
Raddatz, Claudio E.; Schmukler, Sergio L. - In: Journal of international economics 88 (2012) 2, pp. 357-374
Persistent link: https://www.econbiz.de/10009691850
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Global corporate debt during crises : implications of switching borrowing across markets
Cortina, Juan J.; Didier, Tatiana; Schmukler, Sergio L. - In: Journal of international economics 131 (2021), pp. 1-17
Persistent link: https://www.econbiz.de/10013167886
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Exchange Rate Regimes and Capital Mobility : How Much of the Swoboda Thesis Survives?
Eichengreen, Barry - 2010
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/10012759200
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Was There Really an Earlier Period of International Financial Integration Comparable to Today?
Bordo, Michael D.; Eichengreen, Barry; Kim, Jongwoo - 2021
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/10013225815