Skip to main content Accessibility help
×
Hostname: page-component-cd9895bd7-lnqnp Total loading time: 0 Render date: 2024-12-17T11:21:02.709Z Has data issue: false hasContentIssue false

14 - Monetary Regimes and Policy on a Global Scale

The Oeuvre of Michael D. Bordo

Published online by Cambridge University Press:  05 March 2015

Owen F. Humpage
Affiliation:
Federal Reserve Bank of Cleveland
Get access
Type
Chapter
Information
Current Federal Reserve Policy Under the Lens of Economic History
Essays to Commemorate the Federal Reserve System's Centennial
, pp. 318 - 363
Publisher: Cambridge University Press
Print publication year: 2015

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Barro, Robert J. (1979). “Money and the Price Level under the Gold Standard.” Economic Journal 89(353):1333.CrossRefGoogle Scholar
Bayoumi, Tamim, and Bordo, Michael D.. (1998). “Getting Pegged: Comparing the 1879 and 1925 Gold Resumptions.” Oxford Economic Papers 50(1):122149.CrossRefGoogle Scholar
Bernanke, Ben S. (1983). “Nonmonetary Effects of the Financial Crisis in Propagation of the Great Depression.” American Economic Review 73(3):257276.Google Scholar
Bernanke, Ben S., and Gertler, Mark. (2001). “Should Central Banks Respond to Movements in Asset Prices?”American Economic Review 91(2):253257.CrossRefGoogle Scholar
Betts, Caroline M., Bordo, Michael D., and Redish, Angela. (1996). “A Small Open Economy in Depression: Lessons from Canada in the 1930s.”The Canadian Journal of Economics/Revue Canadienne d’Economique 29(1):136.CrossRefGoogle Scholar
Blinder, Alan S., and Rudd, Jeremy B.. (2013). “The Supply-Shock Explanation of the Great Stagflation Revisited.” In Bordo, Michael D. and Oprhanides, Athanasios (eds), The Great Inflation: The Rebirth of Modern Central Banking. Chicago: University of Chicago Press.Google Scholar
Bordo, Michael D. (1975a). “The Income Effects of the Sources of Monetary Change: An Historical Approach.” Economic Inquiry 13(4):505525.CrossRefGoogle Scholar
Bordo, Michael D. (1975b). “John E. Cairnes on the Effects of the Australian Gold Discoveries, 1851–73: An Early Application of the Methodology of Positive Economics.” History of Political Economy 7(3):337359.CrossRefGoogle Scholar
Bordo, Michael D. (1977). “The Income Effects of the Sources of New Money: A Comparison of the United States and the United Kingdom, 1870–1913.” Explorations in Economic History 14(1):2043.CrossRefGoogle Scholar
Bordo, Michael D. (1980). “The Effects of Monetary Change on Relative Commodity Prices and the Role of Long-term Contracts.” Journal of Political Economy 88(6):10881109.CrossRefGoogle Scholar
Bordo, Michael D. (1981). “The Classical Gold Standard: Some Lessons for Today.” Federal Reserve Bank of St. Louis Review 63(5):217.Google Scholar
Bordo, Michael D. (1982). “Monetary Innovation in America: Discussion.” The Journal of Economic History 42 (1, The Tasks of Economic History) (March):31–32.Google Scholar
Bordo, Michael D. (1983). “Some Aspects of the Monetary Economics of Richard Cantillon.” Journal of Monetary Economics 12(2):235258.CrossRefGoogle Scholar
Bordo, Michael D. (1986). “Financial Crises, Banking Crises, Stock Market Crashes and the Money Supply: Some International Evidence, 1870–1933.” In Capie, Forrest and Wood, Geoffrey E. (eds), Financial Crises and the World Banking System, pp. 190248. New York: St. Martin’s Press.CrossRefGoogle Scholar
Bordo, Michael D. (1990). “The Lender of Last Resort: Alternative Views and Historical Experience.” Federal Reserve Bank of Richmond Economic Review 76(1):1829.Google Scholar
Bordo, Michael D. (1991). “Does Bank Regulation Produce Stability? Lessons from the United States: Comment.” In Capie, Forrest H. and Wood, Geoffrey E. (eds), Unregulated Banking: Chaos or Order, pp. 233235. New York: St. Martin’s Press.Google Scholar
Bordo, Michael D. (1992). Financial Crises, 2 vols. The International Library of Macroeconomic and Financial History, 5. Aldershot, U.K. and Brookfield, VT: Elgar.Google Scholar
Bordo, Michael D. (1995). “Is There a Good Case for a New Bretton Woods International Monetary System?”The American Economic Review 85 (2, Papers and Proceedings of the Hundredth and Seventh Annual Meeting of the American Economic Association Washington, DC, January 6–8, 1995) (May):317322.Google Scholar
Bordo, Michael D. (1999). The Gold Standard and Related Regimes. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
Bordo, Michael D. (1999). “International Rescues versus Bailouts: A Historical Perspective.”Cato Journal 18(3):363375.Google Scholar
Bordo, Michael D. (2000). “Sound Money and Sound Financial Policy.” Journal of Financial Services Research 18(2–3):129155.CrossRefGoogle Scholar
Bordo, Michael D. (2002). “The Great Depression.” IMF World Economic Outlook (April):110111.Google Scholar
Bordo, Michael D. (2003a). Comment on “The Great Depression and the Friedman-Schwartz Hypothesis” by Christiano, Lawrence, Motto, Roberto, and Rostagno, Massimo. Journal of Money, Credit and Banking 35 (6, Part 2: Recent Developments in Monetary Economics) (December):11991203.CrossRefGoogle Scholar
Bordo, Michael D. (2003b). “The Globalization of International Financial Markets: What Can History Teach Us?” In Auernheimer, Leonardo (ed), International Financial Markets, pp. 29–78. Chicago: University of Chicago Press.Google Scholar
Bordo, Michael D. (2003c). “A Historical Perspective on Booms, Busts, and Recessions.” IMF World Economic Outlook (April):6466.Google Scholar
Bordo, Michael D. (2003d). “Market Discipline and Financial Crisis Policy: A Historical Perspective.” In Kaufman, George G. (ed), Market Discipline in Banking: Theory and Evidence, pp. 157182. Research in Financial Services: Private and Public Policy, Vol. 15. Amsterdam, London, and New York: Elsevier, JAI.CrossRefGoogle Scholar
Bordo, Michael D. (2004). “The United States as a Monetary Union and the Euro: A Historical Perspective.” Cato Journal 24(1–2):163170.Google Scholar
Bordo, Michael D. (2008). “History of Monetary Policy.” In Durlauf, Steven N. and Blume, Lawrence E. (eds), The New Palgrave Dictionary of Economics, 2nd ed. New York: Palgrave Macmillan. Retrieved from www.dictionaryofeconomics.comGoogle Scholar
Bordo, Michael D. (2009). “The Crisis of 2007: The Same Old Story, Only the Players Have Changed.” In Evanoff, Douglas D., Hoelscher, David S., and Kaufman, George G. (eds), Globalization and Systemic Risk, pp. 3950. World Scientific Studies in International Economics, Vol. 6. Hackensack, NJ and Singapore: World Scientific.CrossRefGoogle Scholar
Bordo, Michael D., and Capie, Forrest. (2006). Monetary Regimes in Transition. Cambridge and New York: Cambridge University Press.Google Scholar
Bordo, Michael D., Cavallo, Alberto F., and Meissner, Christopher M.. (2010). “Sudden Stops: Determinants and Output Effects in the First Era of Globalization, 1880–1913.” Journal of Development Economics 91(2):227241.CrossRefGoogle Scholar
Bordo, Michael D., and Choudhri, Ehsan U.. (1982). “Currency Substitution and the Demand for Money: Some Evidence for Canada.” Journal of Money, Credit and Banking 14(1):4857.CrossRefGoogle Scholar
Bordo, Michael D., Choudhri, Ehsan U., and Schwartz, Anna J.. (1987). “The Behavior of Money Stock under Interest Rate Control: Some Evidence for Canada.” Journal of Money, Credit and Banking 19(2):181197.CrossRefGoogle Scholar
Bordo, Michael D., Choudhri, Ehsan U., and Schwartz, Anna J. (1995). “Could Stable Money Have Averted the Great Contraction?”Economic Inquiry 33(3):484505.CrossRefGoogle Scholar
Bordo, Michael D., Choudhri, Ehsan U., and Schwartz, Anna J. (2002). “Was Expansionary Monetary Policy Feasible during the Great Contraction? An Examination of the Gold Standard Constraint.” Explorations in Economic History 39(1):128.CrossRefGoogle Scholar
Bordo, Michael D., and Conde, Roberto Cortés. (2001). Transferring Wealth and Power from the Old to the New World: Monetary and Fiscal Institutions in the 17th through the 19th Century. Studies in Macroeconomic History. Cambridge and New York: Cambridge University Press.CrossRefGoogle Scholar
Bordo, Michael D., Dittmar, Robert D., and Gavin, William. (2007). “Gold, Fiat Money and Price Stability.” B.E. Journals, Topics in Macroeconomics 7(1), Article 26.Google Scholar
Bordo, Michael D., Dueker, Michael J. and Wheelock, David C.. (2002). “Aggregate Price Shocks and Financial Instability: A Historical Analysis.” Economic Inquiry 40(4):521–538.CrossRefGoogle Scholar
Bordo, Michael D., Dueker, Michael J. and Wheelock, David C. (2003). “Aggregate Price Shocks and Financial Stability: The United Kingdom 1796–1999.” Explorations in Economic History 40(2):143169.CrossRefGoogle Scholar
Bordo, Michael D., Dueker, Michael J. and Wheelock, David C. (2008). “Inflation, Monetary Policy and Stock Market Conditions.” Federal Reserve Bank of St. Louis Working Paper 2008–012.CrossRefGoogle Scholar
Bordo, Michael D., Edelstein, Michael, and Rockoff, Hugh. (2003). “Was Adherence to the Gold Standard a ‘Good Housekeeping Seal of Approval during the Interwar Period?” In Engerman, Stanley L., Hoffman, Philip T., Rosenthal, Jean-Laurent, and Sokoloff, Kenneth L. (eds), Finance, Intermediaries, and Economic Development, pp. 288318. New York: Cambridge University Press.CrossRefGoogle Scholar
Bordo, Michael D., and Eichengreen, Barry. (1998). “Implications of the Great Depression for the Development of the International Monetary System.” In Bordo, Michael D., Goldin, Claudia, and White, Eugene N. (eds), The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, pp. 403453. NBER Project Report Series. Chicago and London: University of Chicago Press.Google Scholar
Bordo, Michael D., Eichengreen, Barry, and Irwin, Douglas A.. (2000a). “Is Globalization Today Really Different than Globalization a Hundred years Ago? Part II: Financial Integration.”Wirtschaftspolitische Blatter 47(2):121129.Google Scholar
Bordo, Michael D., Eichengreen, Barry, and Irwin, Douglas A. (2000b). “Is Globalization Today Really Different from Globalization a Hundred Years Ago? Part 1: Commercial Integration.” Wirtschaftspolitische Blatter 47(1):312.Google Scholar
Bordo, Michael D., Eichengreen, Barry and Kim, Jongwoo. (1998). “Was There Really an Earlier Period of International Financial Integration Comparable to Today?” NBER Working Papers 6738. Cambridge, MA: National Bureau of Economic Research. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0717395&site=ehost-live; http://www.nber.org/papers/w6738.pdfGoogle Scholar
Bordo, Michael D., Eichengreen, Barry, Klingebiel, Daniela, and Martinez-Peria, Maria. (2001). “Financial Crises: Lessons from the Last 120 Years.” Economic Policy 16 (April):5182.Google Scholar
Bordo, Michael D., Eichengreen, Barry, Klingebiel, Daniela, and Martinez-Peria, Maria (2008). “Is the Crisis Problem Growing More Severe?” In Allen, Franklin and Gale, Douglas (eds), Financial Crises, pp. 332. Elgar Reference Collection. International Library of Critical Writings in Economics, Vol. 218. Cheltenham, U.K. and Northampton, MA: Elgar.Google Scholar
Bordo, Michael D., Eichengreen, Barry J., and National Bureau of Economic Research. (1993). A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform. A National Bureau of Economic Research Project Report. Chicago: University of Chicago Press.CrossRefGoogle Scholar
Bordo, Michael D., and Ellson, Richard Wayne. (1985). “A Model of the Classical Gold Standard with Depletion.” Journal of Monetary Economics 16(1):109120.CrossRefGoogle Scholar
Bordo, Michael D., Erceg, Christopher J., and Evans, Charles L.. (2000). “Money, Sticky Wages, and the Great Depression.” American Economic Review 90(5):14471463.CrossRefGoogle Scholar
Bordo, Michael D., Erceg, Christopher J., and Evans, Charles L. (2001). “Re-examining the Contributions of Money and Banking Shocks to the U.S. Great Depression: Comment.” In Bernanke, Ben S. and Rogoff, Kenneth (eds), NBER Macroeconomics Annual 2000, Vol. 15, pp. 227237. Cambridge and London: MIT Press.Google Scholar
Bordo, Michael D., Erceg, Christopher J., and Evans, Charles L. (2005). “Money, Sticky Wages, and the Great Depression.” In Siklos, Pierre L. (ed), Economics of Deflation, Vol. 2, pp. 157173. International Library of Critical Writings in Economics series, Vol. 189. An Elgar Reference Collection, Cheltenham, U.K. and Northampton, MA: Elgar.Google Scholar
Bordo, Michael D., and Evans, Charles L.. (1995). “Labor Productivity during the Great Depression.” Economics Letters 47(1):4145.CrossRefGoogle Scholar
Bordo, Michael D., and Filardo, Andrew. (2005). “Deflation and Monetary Policy in a Historical Perspective: Remembering the Past or Being Condemned to Repeat It?”Economic Policy 44 (October): 840844.Google Scholar
Bordo, Michael D., and Filardo, Andrew (2007). “Money Still Makes the World Go Round: The Zonal View.”Journal of the European Economic Association 5(2–3):509523.CrossRefGoogle Scholar
Bordo, Michael D., and Flandreau, Marc. (2003). “Core, Periphery, Exchange Rate Regimes, and Globalization.” In Bordo, Michael D., Taylor, Alan M., and Williamson, Jeffrey G. (eds), Globalization in Historical Perspective, pp. 417468. NBER Conference Report Series. Chicago and London: University of Chicago Press.CrossRefGoogle Scholar
Bordo, Michael D., Goldin, Claudia Dale, and White, Eugene Nelson. (1998). The Defining Moment: The Great Depression and the American Economy in the Twentieth Century. A National Bureau of Economic Research Project Report. Chicago: University of Chicago Press.Google Scholar
Bordo, Michael D., Gomes, Tamara, and Schembri, Lawrence L. (2010). “Canada and the IMF: Trailblazer or Prodigal Son?”Open Economies Review 21(2):309333.CrossRefGoogle Scholar
Bordo, Michael D., and Haubrich, Joseph G.. (2008a). “Forecasting with the Yield Curve: Level, Slope, and Output 1875–1997.”Economics Letters 99(1):4850.CrossRefGoogle Scholar
Bordo, Michael D., and Haubrich, Joseph G. (2008b). “The Yield Curve as a Predictor of Growth: Long-run Evidence, 1875–1997.” The Review of Economics and Statistics 90(1):182185.CrossRefGoogle Scholar
Bordo, Michael D., and Haubrich, Joseph G. (2010). “Credit Crises, Money and Contractions: An Historical View.” Journal of Monetary Economics 57(1):118.CrossRefGoogle Scholar
Bordo, Michael D., and Haubrich, Joseph G. (2012). “Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record.” NBER Working Paper 18194. Cambridge, MA: National Bureau of Economic Research.Google Scholar
Bordo, Michael D., and Hautcoeur, Pierre-Cyrille. (2007). “Why Didn’t France Follow the British Stabilisation after World War I?”European Review of Economic History 11(1):337.CrossRefGoogle Scholar
Bordo, Michael D., Helbling, Thomas, and James, Harold. (2007). “Swiss Exchange Rate Policy in the 1930s: Was the Delay in Devaluation Too High a Price to Pay for Conservatism?”Open Economies Review 18(1):125.CrossRefGoogle Scholar
Bordo, Michael D., Humpage, Owen, and Schwartz, Anna J.. (2007). “The Historical Origins of US Exchange Market Intervention Policy.” International Journal of Finance and Economics 12(2):109132.CrossRefGoogle Scholar
Bordo, Michael D., Humpage, Owen F., and Schwartz, Anna J.. (2007). “The Historical Origins of US Exchange Market Intervention Policy.” International Journal of Finance and Economics 12(2):109132.CrossRefGoogle Scholar
Bordo, Michael D., Humpage, Owen F., and Schwartz, Anna J. (2011a). “On the Evolution of U.S. Foreign-Exchange-Market Intervention: Thesis, Theory, and Institutions.” Working Paper/Federal Reserve Bank of Cleveland, Vol. 1113. Cleveland: Federal Reserve Bank of Cleveland.CrossRefGoogle Scholar
Bordo, Michael D., Humpage, Owen F., and Schwartz, Anna J. (2011b). “US Intervention during the Bretton Woods Era, 1962–1973.” NBER Working Paper 16946. Cambridge, MA: National Bureau of Economic Research.CrossRefGoogle Scholar
Bordo, Michael D., Humpage, Owen F., and Schwartz, Anna J. (2015). Strained Relations: U.S. Foreign-Exchange Operations and Monetary Policy in the Twentieth Century. Chicago: University of Chicago Press.CrossRefGoogle Scholar
Bordo, Michael D., and James, Harold. (2008). “A Long Term Perspective on the Euro.” NBER Working Paper 13815. Cambridge, MA: National Bureau of Economic Research.CrossRefGoogle Scholar
Bordo, Michael D., and James, Harold (2010). “The Past Mirror: Notes, Surveys, Debates: The Great Depression Analogy.” Financial History Review 17(2):127140.CrossRefGoogle Scholar
Bordo, Michael D., and James, Harold (2012). “Reserves and Baskets.” Open Economies Review 23(1):113127.CrossRefGoogle Scholar
Bordo, Michael D., and Jeanne, Olivier. (2002). “Monetary Policy and Asset Prices: Does ‘Benign Neglect’ Make Sense?”International Finance 5(2):139164.CrossRefGoogle Scholar
Bordo, Michael D., and Jeanne, Olivier (2004). “Boom-Busts in Asset Prices, Economic Instability, and Monetary Policy.” In Burdekin, Richard C. K. and Siklos, Pierre L. (eds), Deflation: Current and Historical Perspectives, pp. 131165. Studies in Macroeconomic History. Cambridge and New York: Cambridge University Press.CrossRefGoogle Scholar
Bordo, Michael D., and Jonung, Lars. (1987). The Long-run Behavior of the Velocity of Circulation: The International Evidence. Cambridge and New York: Cambridge University Press.Google Scholar
Bordo, Michael D., and Jonung, Lars (1997). “The History of Monetary Regimes – Some Lessons for Sweden and the EMU.”Swedish Economic Policy Review 4(2):285358.Google Scholar
Bordo, Michael D., and Jonung, Lars (1999). “The Long-run Behavior of Velocity: The Institutional Approach Revisited.” In Laidler, David (ed), The Foundations of Monetary Economics, pp. 517–549. 3 vols. Elgar Reference Collection. Cheltenham, U.K. and Northampton, MA: Elgar.Google Scholar
Bordo, Michael D., and Jonung, Lars (2003). “The Future of EMU: What Does the History of Monetary Unions Tell Us?” In Capie, Forrest H. and Wood, Geoffrey E. (eds), Monetary Unions: Theory, History, Public Choice, pp. 4269. International Studies in Money and Banking, Vol. 18. London and New York: Routledge.Google Scholar
Bordo, Michael D., Jonung, Lars, and Siklos, Pierre L.. (1997). “Institutional Change and the Velocity of Money: A Century of Evidence.” Economic Inquiry 35(4):710724.CrossRefGoogle Scholar
Bordo, Michael D., and Kydland, Finn E.. (1995). “The Gold Standard as a Rule: An Essay in Exploration.” Explorations in Economic History 32(4):423464.CrossRefGoogle Scholar
Bordo, Michael D., and Landon-Lane, John. (2010a). “The Banking Panics in the United States in the 1930s: Some Lessons for Today.” Oxford Review of Economic Policy 26(3):486509.CrossRefGoogle Scholar
Bordo, Michael D., and Landon-Lane, John (2010b). “Exits from Recessions: The U.S. Experience 1920–2007.” NBER Working Paper 15731. Cambridge, MA: National Bureau of Economic Research. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1089388&site=ehost-live; http://www.nber.org/papers/w15731.pdfCrossRefGoogle Scholar
Bordo, Michael D., Landon-Lane, John, and Redish, Angela. (2009). “Good versus Bad Deflation: Lessons from the Gold Standard Era.” In Altig, David E. and Nosal, Ed (ed), Monetary Policy in Low-Inflation Economies, pp. 127174. Cambridge and New York: Cambridge University Press.CrossRefGoogle Scholar
Bordo, Michael D., Landon-Lane, John, and Redish, Angela (2010). “Deflation, Productivity Shocks and Gold: Evidence from the 1880–1914 Period.” Open Economies Review 21(4):515546.CrossRefGoogle Scholar
Bordo, Michael D., and MacDonald, Ronald. (2003). “The Inter-war Gold Exchange Standard: Credibility and Monetary Independence.” Journal of International Money and Finance 22(1):132.CrossRefGoogle Scholar
Bordo, Michael D., and MacDonald, Ronald (2005). “Interest Rate Interactions in the Classical Gold Standard, 1880–1914: Was There Any Monetary Independence?”Journal of Monetary Economics 52(2):307327.CrossRefGoogle Scholar
Bordo, Michael D., and MacDonald, Ronald (2012). Credibility and the International Monetary Regime: A Historical Perspective. Studies in Macroeconomic History. Cambridge and New York: Cambridge University Press.CrossRefGoogle Scholar
Bordo, Michael D., MacDonald, Ronald, and Oliver, Michael J.. (2009). “Sterling in Crisis, 1964–1967.” European Review of Economic History 13(3):437459.CrossRefGoogle Scholar
Bordo, Michael D., and Meissner, Christopher M.. (2006). “The Role of Foreign Currency Debt in Financial Crises: 1880–1913 versus 1972–1997.” Journal of Banking and Finance 30(12):32993329.CrossRefGoogle Scholar
Bordo, Michael D., and Meissner, Christopher M. (2011). “Foreign Capital, Financial Crises and Incomes in the First Era of Globalization.” European Review of Economic History 15(1):6191.CrossRefGoogle Scholar
Bordo, Michael D., Meissner, Christopher M., and Redish, Angela. (2005). “How Original Sin Was Overcome: The Evolution of External Debt Denominated in Domestic Currencies in the United States and the British Dominions, 1800–2000. In Eichengreen, Barry and Hausmann, Ricardo (eds), Other People’s Money: Debt Denomination and Financial Instability in Emerging Market Economies, pp. 122153. Chicago and London: University of Chicago Press.CrossRefGoogle Scholar
Bordo, Michael D., Meissner, Christopher M., and Stuckler, David. (2010). “Foreign Currency Debt, Financial Crises and Economic Growth: A Long-run View.” Journal of International Money and Finance 29(4):642665.CrossRefGoogle Scholar
Bordo, Michael D., Meissner, Christopher M., and Weidenmier, Marc D.. (2009). “Identifying the Effects of an Exchange Rate Depreciation on Country Risk: Evidence from a Natural Experiment.” Journal of International Money and Finance 28(6):10221044.CrossRefGoogle Scholar
Bordo, Michael D., Mody, Ashoka, and Oomes, Nienke. (2006). “Keeping Capital Flowing: The Role of the IMF.” In Ashoka Mody and Alessandro Rebucci (eds), IMF-Supported Programs: Recent Staff Research, pp. 228–244. Washington, DC: International Monetary Fund.Google Scholar
Bordo, Michael D., Mody, Ashoka, and Oomes, Nienke (2004). “Keeping Capital Flowing: The Role of the IMF.” International Finance 7(3):421450.CrossRefGoogle Scholar
Bordo, Michael D., and Murshid, Antu Panini (2003). “Globalization and Changing Patterns in Crisis Transmission.” In Hunter, William C., Kaufman, George G., and Pomerleano, Michael (eds), Asset Price Bubbles: The Implications for Monetary, Regulatory, and International Policies, pp. 309322. Cambridge and London: MIT Press.CrossRefGoogle Scholar
Bordo, Michael D., and Murshid, Antu Panini. (2006). “Globalization and Changing Patterns in the International Transmission of Shocks in Financial Markets.” Journal of International Money and Finance 25(4):655674.CrossRefGoogle Scholar
Bordo, Michael D., and Orphanides, Athanasios. (2013). The Great Inflation: The Rebirth of Modern Central Banking. National Bureau of Economic Research Conference Report. Chicago: University of Chicago Press.CrossRefGoogle Scholar
Bordo, Michael D., Rappoport, Peter, and Schwartz, Anna J.. (1992). “Money versus Credit Rationing: Evidence for the National Banking Era, 1880–1914.” In Goldin, Claudia and Rockoff, Hugh (eds), Strategic Factors in Nineteenth Century American Economic History: A Volume to Honor Robert W. Fogel, pp. 189223. A National Bureau of Economic Research Conference Report. Chicago and London: University of Chicago Press.Google Scholar
Bordo, Michael D., and Redish, Angela. (1987). “Why Did the Bank of Canada Emerge in 1935?”Journal of Economic History 47(2):405417.CrossRefGoogle Scholar
Bordo, Michael D., and Redish, Angela (1990). “Credible Commitment and Exchange Rate Stability: Canada’s Interwar Experience.” The Canadian Journal of Economics/Revue Canadienne d’Economique 23(2):357380.CrossRefGoogle Scholar
Bordo, Michael D., and Redish, Angela (2004). “Is Deflation Depressing? Evidence from the Classical Gold Standard.” In Burdekin, Richard C. K. and Siklos, Pierre L. (eds), Deflation: Current and Historical Perspectives, pp. 191217. Studies in Macroeconomic History. Cambridge and New York: Cambridge University Press.CrossRefGoogle Scholar
Bordo, Michael D., Redish, Angela, and Rockoff, Hugh. (1994). “The U.S. Banking System from a Northern Exposure: Stability versus efficiency.”The Journal of Economic History 54 (2, Papers Presented at the Fifty-Third Annual Meeting of the Economic History Association) (June):325341.CrossRefGoogle Scholar
Bordo, Michael D., Redish, Angela, and Rockoff, Hugh (1996a). “A Comparison of the Stability and Efficiency of the Canadian and American Banking Systems, 1870–1925.” Financial History Review 3(April):2948.CrossRefGoogle Scholar
Bordo, Michael D., Redish, Angela, and Rockoff, Hugh (1996b). “A Comparison of the United States and Canadian Banking Systems in the Twentieth Century.” In Bordo, Michael D. and Sylla, Richard (eds), Anglo-American Financial Systems, pp. 1140. Burr Ridge, NJ: Irwin.Google Scholar
Bordo, Michael D., Redish, Angela, and Rockoff, Hugh (2014). “Why Didn’t Canada Have a Banking Crisis in 2008 (or in 1930, or 1907, or …)?”Economic History Review, DOI: 10.1111/1468-0289.665; also at NBER Working Paper w17312.Google Scholar
Bordo, Michael D., and Roberds, William, eds. (2013). The Origins, History, and Future of the Federal Reserve: A Return to Jekyll Island. New York: Cambridge University Press.CrossRefGoogle Scholar
Bordo, Michael D., and Rockoff, Hugh. (1996). “The Gold Standard as a ‘Good Housekeeping Seal of Approval’.” The Journal of Economic History 56(2, Papers Presented at the Fifty-Fifth Annual Meeting of the Economic History Association) (June):389428.CrossRefGoogle Scholar
Bordo, Michael D., and Rousseau, Peter L.. (2006). “Legal-Political Factors and the Historical Evolution of the Finance-Growth Link.” European Review of Economic History 10(3):421444.CrossRefGoogle Scholar
Bordo, Michael D., and Rousseau, Peter L. (2011). “Historical Evidence on the Finance-Trade-Growth Nexus.” NBER Working Paper 17024. Cambridge, MA:. National Bureau of Economic Research.CrossRefGoogle Scholar
Bordo, Michael D., and Schwartz, Anna J.. (1977). “Issues in Monetary Economics and Their Impact on Research in Economic History.” In R. Gallman (ed), Research in Economic History: Recent Developments in the Study of Business and Economic History: Essays in Memory of Herman E. Kroos. Supplement 1, pp. 81130.Greenwich, CT: JAI Press.Google Scholar
Bordo, Michael D., and Schwartz, Anna J. (1979). “Clark Warburton: Pioneer Monetarist.” Journal of Monetary Economics 5(1):4365.CrossRefGoogle Scholar
Bordo, Michael D., and Schwartz, Anna J. (1980). “Money and Prices in the Nineteenth Century: An Old debate Rejoined.” The Journal of Economic History 40(10, The Tasks of Economic History) (March):6167.CrossRefGoogle Scholar
Bordo, Michael D., and Schwartz, Anna J. (1981). “Money and Prices in the 19th Century: Was Thomas Tooke Right?”Explorations in Economic History 18(2):97127.CrossRefGoogle Scholar
Bordo, Michael D., and Schwartz, Anna J.. (1991). “What Has Foreign Exchange Market Intervention since the Plaza Agreement Accomplished?”Open Economies Review 2(1):3964.CrossRefGoogle Scholar
Bordo, Michael D., and Schwartz, Anna J.. (1995). “The Performance and Stability of Banking Systems under ‘Self-regulation’: Theory and Evidence.” Cato Journal 14(3):453479.Google Scholar
Bordo, Michael D., and Schwartz, Anna J. (1996). “Why Clashes between Internal and External Stability Goals End in Currency Crises, 1797–1994.” Open Economies Review 7(1):437468.CrossRefGoogle Scholar
Bordo, Michael D., and Schwartz, Anna J. (1999). “Under What Circumstances, Past and Present, Have International Rescues of Countries in Financial Distress Been Successful?”Journal of International Money and Finance 18(4):683708.CrossRefGoogle Scholar
Bordo, Michael D., and Schwartz, Anna J. (2000). “Measuring Real Economic Effects of Bailouts: Historical Perspectives on How Countries in Financial Distress Have Fared with and without Bailouts.” Carnegie-Rochester Conference Series on Public Policy 53(12):81167.CrossRefGoogle Scholar
Bordo, Michael D., and Schwartz, Anna J. (2003). “Charles Goodhart’s Contributions to the History of Monetary Institutions.” In Mizen, Paul (ed), Essays in Honour of Charles Goodhart. Vol. 2: Monetary History, Exchange Rates and Financial Markets, pp. 3435. Cheltenham, U.K. and Northampton, MA: Elgar.Google Scholar
Bordo, Michael D., and Schwartz, Anna J. (2004). “IS-LM and Monetarism.” History of Political Economy 36:217239.CrossRefGoogle Scholar
Bordo, Michael D., and Schwartz, Anna J. (2010). “David Laidler on Monetarism.” In Leeson, Robert (ed), David Laidler’s Contributions to Economics, pp. 4456, 57–59. New York: St. Martin’s Press, Palgrave Macmillan.CrossRefGoogle Scholar
Bordo, Michael D., Schwartz, Anna J., and National Bureau of Economic Research. (1984). A Retrospective on the Classical Gold Standard, 1821–1931. National Bureau of Economic Research Conference Report. Chicago: University of Chicago Press.CrossRefGoogle Scholar
Bordo, Michael D., Simard, Dominique, and White, Eugene N.. (1995). “France and the Bretton Woods International Monetary System 1960 to 1968.” In Reis, Jaime (ed), International Monetary Systems in Historical Perspective, pp. 153180. New York: St. Martin’s Press; London: Macmillan Press.CrossRefGoogle Scholar
Bordo, Michael D., Sylla, Richard Eugene, and New York University. Salomon Center. (1995). Anglo-American Financial Systems: Institutions and Markets in the Twentieth Century. Burr Ridge, IL: Irwin.Google Scholar
Bordo, Michael D., Taylor, Alan M., Williamson, Jeffrey G., and National Bureau of Economic Research. (2003). Globalization in Historical Perspective. National Bureau of Economic Research Conference Report. Chicago:University of Chicago Press.CrossRefGoogle Scholar
Bordo, Michael D., and Vegh, Carlos A.. (2002). “What if Alexander Hamilton Had Been Argentinean? A Comparison of the Early Monetary Experiences of Argentina and the United States.” Journal of Monetary Economics 49(3):459494.CrossRefGoogle Scholar
Bordo, Michael D., and Wheelock, David C.. (1998). “Price Stability and Financial Stability: The Historical Record.” Federal Reserve Bank of St. Louis Review 80(5):4162.Google Scholar
Bordo, Michael D., and Wheelock, David C. (2004). “Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms.”Federal Reserve Bank of St. Louis Review 86(6):1944.Google Scholar
Bordo, Michael D., and Wheelock, David C. (2007). “Stock Market Booms and Monetary Policy in the Twentieth Century.” Federal Reserve Bank of St. Louis Review 89(2):91122.Google Scholar
Bordo, Michael D., and Wheelock, David C. (2009). “When Do Stock Market Booms Occur? The Macroeconomic and Policy Environments of Twentieth Century Booms.” In Atack, Jeremy and Neal, Larry (eds), The Origins and Development of Financial Markets and Institutions: From the Seventeenth Century to the Present, pp. 416449. Cambridge and New York: Cambridge University Press.Google Scholar
Bordo, Michael D., and White, Eugene N.. (1991). “A Tale of Two Currencies: British and French Finance during the Napoleonic Wars.” The Journal of Economic History 51(2):303316.CrossRefGoogle Scholar
Bordo, Michael D., and White, Eugene N. (1993). British and French Finance during the Napoleonic Wars. In Bordo, Michael D. and Capie, Forrest (eds), Monetary Regimes in Transition, pp. 241274. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
Boyer, George R., and Hatton, Timothy J.. (2002). “New Estimates of British Unemployment, 1870–1913.” Journal of Economic History 62(3):643675.CrossRefGoogle Scholar
Carter, Susan B., Gartner, Scott Sigmund, Haines, Michael R., Olmstead, Alan L., Sutch, Richard, and Wright, Gavin. (2006). Historical Statistics of the United States: Earliest Times to the Present. Millennial, Ed. New York: Cambridge University Press.Google Scholar
Cecchetti, Stephen G. (1992). “Prices during the Great Depression: Was the Deflation of 1930–1932 Really Unanticipated?”American Economic Review 82(1):141156.Google Scholar
Cecchetti, Stephen G., Pok-sang, Lam, and Mark, Nelson C.. (2000). “Asset Pricing with Distorted Beliefs: Are Equity Returns Too Good to Be True?”American Economic Review 90(4):787805.CrossRefGoogle Scholar
Cole, Harold L., and Ohanian, Lee E.. (2001). “Re-examining the Contributions of Money and Banking Shocks to the U.S. Great Depression.” In Bernanke, Ben S. and Rogoff, Kenneth (eds), NBER Macroeconomics Annual 2000, Vol. 15, pp. 183227. Cambridge and London: MIT Press.Google Scholar
Economic Report of the President. (2012). Washington, DC: U.S. Government Printing Office.Google Scholar
Eichengreen, Barry. (1992). Golden Fetters: The Gold Standard and the Great Depression, 1919–1939. NBER Series on Long-Term Factors in Economic Development. New York and Oxford: Oxford University Press.Google Scholar
Eichengreen, Barry, and Bordo, Michael D.. (2003). “Crises Now and Then: What Lessons from the Last Era of Financial Globalization?” In Mizen, Paul (ed), Essays in Honour of Charles Goodhart, Vol. 2: Monetary History, Exchange Rates and Financial Markets, pp. 5291. Cheltenham, U.K. and Northampton, MA: Elgar.Google Scholar
Eschweiler, Bernhard, and Bordo, Michael D.. (1994). “Rules, Discretion, and Central Bank Independence: The German Experience, 1880–1989.” In Siklos, Pierre L. (ed), Varieties of Monetary Reforms: Lessons and Experiences on the Road to Monetary Union, pp. 279321. Dordrecht and Boston: Kluwer Academic.CrossRefGoogle Scholar
Friedman, Milton. (1953). “The Case for Flexible Exchange Rates.” In Friedman, Milton (ed), Essays in Positive Economics, pp. 157203. Chicago: University of Chicago Press.Google Scholar
Friedman, Milton, and Schwartz, Anna. (1963). A Monetary History of the United States, 1867–1960. National Bureau of Economic Research. Studies in Business Cycles. Vol. 12. Princeton, NJ: Princeton University Press.Google Scholar
Global Financial Data. [cited December 2012]. Retrieved from www.globalfinancialdata.com.Google Scholar
Hamilton, James D. (1992). “Was the Deflation during the Great Depression Anticipated? Evidence from the Commodity Futures Market.” American Economic Review 82(1):157178.Google Scholar
Johnston, Louis, and Williamson, Samuel H. (2011). “What was the U.S. GDP Then? 2011 [cited June/1 2011]. Retrieved from http://www.measuringworth.org/usgdp/Google Scholar
McCallum, Bennett T. (1990). “Could a Monetary Base Rule Have Prevented the Great Depression?”Journal of Monetary Economics 26(1):326.CrossRefGoogle Scholar
Miron, Jeffrey A. (1994). “Empirical Methodology in Macroeconomics: Explaining the Success of Friedman and Schwartz’s ‘A Monetary History of the United States, 1867–1960’.” Journal of Monetary Economics 34(1):1725.CrossRefGoogle Scholar
Richardson, Gary. (2007). “Categories and Causes of Bank Distress during the Great Depression, 1929–1933: The Illiquidity versus Insolvency Debate Revisited.” Explorations in Economic History 44(4):588607.CrossRefGoogle Scholar
Richardson, Gary, and Troost, William. (2009). “Monetary Intervention Mitigated Banking Panics during the Great Depression: Quasi-experimental Evidence from a Federal Reserve District Border, 1929–1933.” Journal of Political Economy 117(6):10311073.CrossRefGoogle Scholar
Romer, Christina D. (1993). “The Nation in Depression.” Journal of Economic Perspectives 7(2):1939.CrossRefGoogle Scholar
Schwartz, Anna J., and Bordo, Michael D.. (1989). Money, History, and International Finance: Essays in Honor of Anna J. Schwartz. A National Bureau of Economic Research Conference Report. Chicago: University of Chicago Press.Google Scholar
Temin, Peter. (1989). Lessons from the Great Depression: The Lionel Robbins Lectures for 1989. Lionel Robbins Lectures. Cambridge, MA: MIT Press.Google Scholar
Thorp, Willard Long, Thorp, Hildegarde E., and Mitchell, Wesley C.. (1926). Business Annals: United states, England, France, Germany, Austria, Russia, Sweden, Netherlands, Italy, Argentina, Brazil, Canada, South Africa, Australia, India, Japan, China. Publications of the National Bureau of Economic Research, Vol. 8. New York: National Bureau of Economic Research.Google Scholar
Tobin, James. (1965). “The Monetary Interpretation of History.” The American Economic Review 55(3, June):464485.Google Scholar
Tobin, James (1970). “Money and Income: Post Hoc Ergo Propter Hoc?”Quarterly Journal of Economics 84(2):301317.CrossRefGoogle Scholar

Save book to Kindle

To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×