Similar Search Results

"Unusual, Unstable, Complicated, Unreliable and Temporary" Reinterpreting the Ebb and Flow of Globalization

Bordo, Michael D.; Schenk, Catherine R. - National Bureau of Economic Research - 2021

organize: World War I, Bretton Woods, 1970s Great Inflation and Managed Floating. Each turning point was characterized by …

Persistent link: https://www.econbiz.de/10012599404

The International Monetary System and International Financial System as an Analogy to the Copernican Heliocentric system : A simple multi-layers network model with simultaneous reg...

Bordo, Michael D.; Bastidon, Cécile - National Bureau of Economic Research - 2023

The evolution of the IMS and IFS in the past several hundred years can be viewed through the lens of the Copernican heliocentric system developed over 500 years ago. We trace out the evolution across regimes of the IMS and IFS in terms of network representations of the Copernican system. We...

Persistent link: https://www.econbiz.de/10014372472

The Bretton Woods international monetary system : an historical overview

Bordo, Michael D. - 1992

Persistent link: https://www.econbiz.de/10000109009

Original Sin and the Great Depression

Bordo, Michael D. - 2020

Was foreign currency denominated debt a determinant of exchange rate and monetary policy during the Great Depression? Policy makers of the day thought so. High-frequency bond price data show depreciation was associated with elevated risk premia on public debt. We also show that foreign currency...

Persistent link: https://www.econbiz.de/10012482024

The Great Depression Analogy

Bordo, Michael D. - 2009

This paper examines three areas in which analogies have been made between the interwar depression and the financial crisis of 2007 which reached a dramatic climax in September 2008 with the collapse of Lehman Brothers and the rescue of AIG: they can be labeled macro-economic, micro-economic, and...

Persistent link: https://www.econbiz.de/10012463065

Is Deflation depressing? Evidence from the Classical Gold Standard

Bordo, Michael D. - 2003

which could intervene in the gold market to shield the domestic economy from external conditions. We proceed by identifying … separate supply' shocks, money supply shocks and demand shocks using a Blanchard-Quah methodology. We model the economy as a … small open economy on the gold standard and identify the shocks by imposing long run restrictions on the impact of the …

Persistent link: https://www.econbiz.de/10012469182

Was There Really an Earlier Period of International Financial Integration Comparable to Today?

Bordo, Michael D. - 1998

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/10012472076

The Rise and Fall of a Barbarous Relic : The Role of Gold in the International Monetary SYstem

Bordo, Michael D. - 1998

inelastically supplied precious metal and elastcially suppled foreign exchange to meet the the world economy's demand for reserves …

Persistent link: https://www.econbiz.de/10012472369

Implications of the Great Depression for the Development of the International Monetary System

Bordo, Michael D. - 1997

monetary system from 1928-1971 and simulate its implications for the determination of the world price level and the durability … implications for economic growth and resource allocation of allowing 1920s-style international capital mobility after World War II …

Persistent link: https://www.econbiz.de/10012472945

The Bretton Woods International Monetary System : An Historical Overview

Bordo, Michael D. - 1992

This paper presents an overview of the Bretton Woods experience. From an historical perspective. I analyze its performance relative to other international monetary regimes. its origins. its operation. its problems and its demise. In the survey I emphasize both issues deemed important at the time...

Persistent link: https://www.econbiz.de/10012474947