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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

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

The International Monetary and Financial System

Gourinchas, Pierre-Olivier - 2019

International currencies fulfill different roles in the world economy with important synergies across those roles. We …

Persistent link: https://www.econbiz.de/10012871561

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

Global Imbalances and the Lessons of Bretton Woods

Eichengreen, Barry - 2021

, 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/10013243400

An Equilibrium Model of "Global Imbalances" and Low Interest Rates

Caballero, Ricardo J. - 2009

the world and, b) heterogeneity in these regions' capacity to generate financial assets from real investments. In …

Persistent link: https://www.econbiz.de/10012767437

Financial Crash, Commodity Prices and Global Imbalances

Caballero, Ricardo J.; Farhi, Emmanuel; Gourinchas, … - 2021

In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply

Persistent link: https://www.econbiz.de/10013243462

The Role of History in Bilateral Trade Flows

Eichengreen, Barry; Irwin, Douglas A. - 2021

This paper investigates the theory and evidence that history plays a role in shaping the direction of international trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in the past and membership in preferential arrangements in...

Persistent link: https://www.econbiz.de/10013212584

Estimating the Border Effect : Some New Evidence

Gopinath, Gita - 2009

To what extent do national borders and national currencies impose costs that segment markets across countries? To answer this question we use a dataset with product level retail prices and wholesale costs for a large grocery chain with stores in the U.S. and Canada. We develop a model of pricing...

Persistent link: https://www.econbiz.de/10013160151

The Impact of China on the Exports of Other Asian Countries

Eichengreen, Barry; Rhee, Yeongseop; Tong, Hui - 2021

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/10013225046