NBER Working Papers by Barry Eichengreen

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Working Papers

July 2014A Surplus of Ambition: Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?
with Ugo Panizza: w20316
June 2014Mutual Assistance between Federal Reserve Banks, 1913-1960 as Prolegomena to the TARGET2 Debate
with Arnaud J. Mehl, Livia Chițu, Gary Richardson: w20267
October 2013The Mother of All Sudden Stops: Capital Flows and Reversals in Europe, 1919-32
with Olivier Accominotti: w19580
September 2013Does the Federal Reserve Care About the Rest of the World?
January 2013History, Gravity and International Finance
with Livia Chițu, Arnaud J. Mehl: w18697
Growth Slowdowns Redux: New Evidence on the Middle-Income Trap
with Donghyun Park, Kwanho Shin: w18673
May 2012When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets
with Livia Chitu, Arnaud J. Mehl: w18097
February 2012Right-Wing Political Extremism in the Great Depression
with Alan de Bromhead, Kevin H. O'Rourke: w17871
December 2011International Policy Coordination: The Long View
November 2011The External Impact of China's Exchange Rate Policy: Evidence from Firm Level Data
with Hui Tong: w17593
October 2011A Forensic Analysis of Global Imbalances
with Menzie D. Chinn, Hiro Ito: w17513
How Reliable are De Facto Exchange Rate Regime Classifications?
with Raul Razo-Garcia: w17318
September 2011Who Should Supervise? The Structure of Bank Supervision and the Performance of the Financial System
with Nergiz Dincer: w17401
August 2011International Financial Crises and the Multilateral Response: What the Historical Record Shows
with Bergljot Barkbu, Ashoka Mody: w17361
March 2011When Fast Growing Economies Slow Down: International Evidence and Implications for China
with Donghyun Park, Kwanho Shin: w16919
February 2011The Service Sector as India's Road to Economic Growth
with Poonam Gupta: w16757
July 2010Fetters of Gold and Paper
with Peter Temin: w16202
November 2009From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons
with Miguel Almunia, Agustín S. Bénétrix, Kevin H. O'Rourke, Gisela Rua: w15524
July 2009The Slide to Protectionism in the Great Depression: Who Succumbed and Why?
with Douglas A. Irwin: w15142
May 2009The Two Waves of Service Sector Growth
with Poonam Gupta: w14968
April 2009How the Subprime Crisis Went Global: Evidence from Bank Credit Default Swap Spreads
with Ashoka Mody, Milan Nedeljkovic, Lucio Sarno: w14904
March 2009Central Bank Transparency: Causes, Consequences and Updates
with Nergiz Dincer: w14791
December 2008Bretton Woods and the Great Inflation
with Michael D. Bordo: w14532
October 2008Is Poland at Risk of a Boom-and-Bust Cycle in the Run-Up to Euro Adoption?
with Katharina Steiner: w14438
July 2008The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the Leading International Currency?
with Marc Flandreau: w14154
June 2008Exchange Rate Regimes and Capital Mobility: How Much of the Swoboda Thesis Survives?
March 2008International Economic Policy: Was There a Bush Doctrine?
with Douglas A. Irwin: w13831
January 2008Sui Generis EMU
September 2007The Breakup of the Euro Area
March 2007Central Bank Transparency: Where, Why, and with What Effects?
with N. Nergiz Dincer: w13003
August 2006Democracy and Globalization
Insurance Underwriter or Financial Development Fund: What Role for Reserve Pooling in Latin America?
Bond Markets as Conduits for Capital Flows: How Does Asia Compare?
with Pipat Luengnaruemitchai: w12408
May 2006Sudden Stops and IMF-Supported Programs
with Poonam Gupta, Ashoka Mody: w12235
September 2005Current Account Reversals: Always a Problem?
with Muge Adalet: w11634
Can a Rapidly-Growing Export-Oriented Economy Smoothly Exit an Exchange Rate Peg? Lessons for China from Japan's High-Growth Era
with Mariko Hatase: w11625
May 2005Is China's FDI Coming at the Expense of Other Countries?
with Hui Tong: w11335
Sterling's Past, Dollar's Future: Historical Perspectives on Reserve Currency Competition
March 2005The IMF in a World of Private Capital Markets
with Kenneth Kletzer, Ashoka Mody: w11198
September 2004The Impact of China on the Exports of Other Asian Countries
with Yeongseop Rhee, Hui Tong: w10768
June 2004Why Doesn't Asia Have Bigger Bond Markets?
with Pipat Luengnaruemitchai: w10576
May 2004Global Imbalances and the Lessons of Bretton Woods
November 2003Crisis Resolution: Next Steps
with Kenneth Kletzer: w10095
October 2003Currency Mismatches, Debt Intolerance and Original Sin: Why They Are Not the Same and Why it Matters
with Ricardo Hausmann, Ugo Panizza: w10036
May 2003The Monetary Consequences of a Free Trade Area of the Americas
with Alan M. Taylor: w9666
January 2003Capital Account Liberalization and Growth: Was Mr. Mahathir Right?
with David Leblang: w9427
October 2002Still Fettered After All These Years
January 2002Crises Now and Then: What Lessons from the Last Era of Financial Globalization
with Michael D. Bordo: w8716
August 2001When Does Capital Account Liberalization Help More than It Hurts?
with Carlos Arteta, Charles Wyplosz: w8414
Between Meltdown and Moral Hazard: The International Monetary and Financial Policies of the Clinton Administration
with J. Bradford DeLong: w8443
December 2000The EMS Crisis in Retrospect
April 2000The Bail-In Problem: Systematic Goals, Ad Hoc Means
with Christof Ruehl: w7653
March 2000From Benign Neglect to Malignant Preoccupation: U.S. Balance-of-Payments Policy in the 1960s
January 2000Would Collective Action Clauses Raise Borrowing Costs?
with Ashoka Mody: w7458
November 1999Exchange Rates and Financial Fragility
with Ricardo Hausmann: w7418
June 1999Is Globalization Today Really Different than Globalization a Hunderd Years Ago?
with Michael D. Bordo, Douglas A. Irwin: w7195
May 1999Lending Booms, Reserves, and the Sustainability of Short-Term Debt: Inferences from the Pricing of Syndicated Bank Loans
with Ashoka Mody: w7113
December 1998Does Mercosur Need a Single Currency
September 1998Was There Really an Earlier Period of International Financial Integration Comparable to Today?
with Michael D. Bordo, Jongwoo Kim: w6738
May 1998Currency Crisis and Unemployment: Sterling in 1931
with Olivier Jeanne: w6563
March 1998The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary SYstem
with Michael D. Bordo: w6436
February 1998What Explains Changing Spreads on Emerging-Market Debt: Fundamentals or Market Sentiment?
with Ashoka Mody: w6408
January 1998Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises
with Andrew K. Rose: w6370
June 1997The Gold Standard and the Great Depression
with Peter Temin: w6060
January 1997Implications of the Great Depression for the Development of the International Monetary System
with Michael D. Bordo: w5883
July 1996Contagious Currency Crises
with Andrew K. Rose, Charles Wyplosz: w5681
May 1996The Role of History in Bilateral Trade Flows
with Douglas A. Irwin: w5565
March 1996Fiscal Policy and Monetary Union: Is There a Tradeoff between Federalism and Budgetary Restrictions?
with Jurgen von Hagen: w5517
October 1995Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA
with Tamim Bayoumi: w5283
October 1994Speculative Attacks on Pegged Exchange Rates: An Empirical Exploration with Special Reference to the European Monetary System
with Andrew K. Rose, Charles Wyplosz: w4898
April 1994Can Foreign Aid Accelerate Stabilization?
with Alessandra Casella: w4694
August 1993Trade Blocs, Currency Blocs and the Disintegration of World Trade in the 1930s
with Douglas A. Irwin: w4445
May 1993The Endogeneity of Exchange Rate Regimes
September 1992Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton Woods Float: An Impulse-Response Analysis
with Tamim Bayoumi: w4169
August 1992Three Perspectives on the Bretton Woods System
January 1992Shocking Aspects of European Monetary Unification
with Tamim Bayoumi: w3949
Is There a Conflict Between EC Enlargement and European Monetary Unification?
with Tamim Bayoumi: w3950
November 1991The Marshall Plan: History's Most Successful Structural Adjustment Program
with J. Bradford De Long: w3899
October 1991The Capital Levy in Theory and Practice
September 1991Designing a Central Bank for Europe: A Cautionary Tale From the Early Years of the Federal Reserve System
Halting Inflation in Italy and France After World War II
with Alessandra Casella: w3852
January 1991International Monetary Instability Between the Wars: Structural Flaws or Misguided Policies?
Is Europe an Optimum Currency Area?
August 1990Relaxing the External Constraint: Europe in the 1930s
Trends and Cycles in Foreign Lending
June 1990Before the Accord: U.S. Monetary-Financial Policy 1945-51
with Peter Garber: w3380
The Impact of Permanent and Temporary Import Surcharges on the U.S. Trade Deficit
with Lawrence H. Goulder: w3391
January 1990Dealing With Debt: The 1930s and the 1980s
with Richard Portes: w2867
September 1989The Comparative Performance of Fixed and Flexible Exchange Rate Regimes : Interwar Evidence
The Gold Standard Since Alec Ford
July 1989Trade Deficits in the Long Run
May 1989Trade Liberalization in General Equilibrium: Intertemporal and Inter-Industry Effects
with Lawrence H. Goulder: w2965
June 1988Savings Promotion, Investment Promotion, and International Competitiveness
with Lawrence H. Goulder: w2635
April 1988Resolving Debt Crises: An Historical Perspective
October 1987Til Debt Do Us Part: The U.S. Capital Market and Foreign Lending, 1920-1955
March 1987International Competition in the Products of U.S. Basic Industries
Hegemonic Stability Theories of the International Monetary System
The Gold-Exchange Standard and the Great Depression
1987The Anatomy of Financial Crises
with Richard Portes: w2126
November 1986The Economic Consequences of the Franc Poincare
with Charles Wyplosz: w2064
August 1986The Political Economy of the Smoot-Hawley Tariff
December 1985Debt and Default in the 1930s: Causes and Consequences
with Richard Portes: w1772
November 1984Exchange Rates and Economic Recovery in the 1930s
with Jeffrey Sachs: w1498
September 1984International Policy Coordination in Historical Perspective: A View from the Interwar Years
March 1983U.S. Antidumping Policies: The Case of Steel
with Hans Van der Ven: w1098

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