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The Mirage of Fixed Exchange Rates

Obstfeld, Maurice; Rogoff, Kenneth - 2021

This paper discusses the profound difficulties of maintaining fixed exchange rates in a world of expanding global …

Persistent link: https://www.econbiz.de/10013242908

International Institutions for Reducing Global Financial Instability

Rogoff, Kenneth - 2022

This paper asks how recent developments in research on banking and sovereign lending can help inform the debate on choosing a new international financial architecture. A broad range of plans is considered, including a global lender of last resort facility, an international bankruptcy court, an...

Persistent link: https://www.econbiz.de/10013322108

Financial Globalization, Growth and Volatility in Developing Countries

Prasad, Eswar S. - 2012

This paper provides a comprehensive assessment of empirical evidence about the impact of financial globalization on …, we do find that financial globalization can be beneficial under the right circumstances. Empirically, good institutions … and quality of governance are crucial in helping developing countries derive the benefits of globalization. Similarly …

Persistent link: https://www.econbiz.de/10013106022

A Decade of Debt

Reinhart, Carmen M. - 2011

recorded since the end of World War II, surpassing the heights reached during the First World War and the Great Depression. At …

Persistent link: https://www.econbiz.de/10013129128

Three Epochs of Oil

Dvir, Eyal - 2009

, the real price of oil has tended to be highly persistent and volatile whenever rapid industrialization in a major world …

Persistent link: https://www.econbiz.de/10013160159

Growth in a Time of Debt

Reinhart, Carmen M. - 2010

We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years. The dataset incorporates over 3,700 annual observations covering a wide range of political systems,...

Persistent link: https://www.econbiz.de/10013149089

Recovery from Financial Crises : Evidence from 100 Episodes

Reinhart, Carmen - 2014

We examine the evolution of real per capita GDP around 100 systemic banking crises. Part of the costs of these crises owes to the protracted nature of recovery. On average, it takes about eight years to reach the pre-crisis level of income; the median is about 6 1⁄2 years. Five to six years...

Persistent link: https://www.econbiz.de/10013060679