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Trade Costs in the First Wave of Globalization

Jacks, David S.; Meissner, Christopher M.; Novy, Dennis - 2021

What drives globalization today and in the past? We employ a new micro-founded measure of bilateral trade costs based …

Persistent link: https://www.econbiz.de/10013224437

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

Trade Booms, Trade Busts, and Trade Costs

Jacks, David S. - 2010

, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World … War I trade boom. In contrast, for the post-World War II trade boom we identify changes in output as the dominant force …

Persistent link: https://www.econbiz.de/10013151143

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

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

Institutions Rule : The Primacy of Institutions Over Geography and Integration in Economic Development

Rodrik, Dani; Subramanian, Arvind; Trebbi, Francesco - 2021

world, using recently developed instruments for institutions and trade. Our results indicate that the quality of …

Persistent link: https://www.econbiz.de/10013224849

Growth Accelerations

Hausmann, Ricardo; Pritchett, Lant; Rodrik, Dani - 2022

Unlike most cross-country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in economic growth that are sustained for at least eight years and identify more than 80 such episodes since the 1950s. Growth accelerations tend to be...

Persistent link: https://www.econbiz.de/10013321621

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

Trade Blocs and Trade Wars During the Interwar Period

Jacks, David S. - 2019

work in reorienting global trade prior to the outbreak of World War II? And what lessons may this particular historical …

Persistent link: https://www.econbiz.de/10012870722