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Sudden Stops : Determinants and Output Effects in the First Era of Globalization, 1880-1913

Bordo, Michael D. - 2007

in capital inflows during an era of intensified globalization. We find that higher levels of original sin (hard currency …

Persistent link: https://www.econbiz.de/10012465157

Trapped in the Trilemma : When Security Trumps Economics

Bordo, Michael D.; James, Harold - National Bureau of Economic Research - 2022

This paper describes the challenges of globalization in terms of the logic underpinning four distinct policy … vulnerabilities. They can be described as the impossible policy choices at the heart of globalization …

Persistent link: https://www.econbiz.de/10013388862

Global Shocks, Economic Growth and Financial Crises : 120 Years of New Zealand Experience

Bordo, Michael D. - 2010

We identify the timing of currency, banking crises and sudden stops in New Zealand from 1880 to 2008, and consider the extent to which empirical models can explain New Zealand's crisis history. We find that the cross country evidence on the determinants of crises fits New Zealand experience...

Persistent link: https://www.econbiz.de/10013143168