Books and Working Papers


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List of Books Published



 

 

Title and co-Author(s)

Publisher

Date of Publication

Globalization in Historical Perspective (with Alan M. Taylor and Jeffrey G. Williamson)

University of Chicago Press for the NBER, Chicago

2003

Demand for Money. An Analysis of The Long-Run Behavior of the Velocity of Circulation (with Lars Jonung)

A reprint of Michael D. Bordo and Lars Jonung, The Long-Run Behaviour of Velocity. The International Evidence, Cambridge University Press, 1987

2003

Transferring Wealth & Power from the Old to the New World
Monetary and Fiscal Instituitions in the 17th through the 19th Centuries (with Roberto Cortes-Conde)

Cambridge University Press, Cambridge

2001

Lessons for EMU from the Histroy of Monetary Unions

The Institute of Economic Affairs

2000

The Gold Standard and Related Regimes: Collected Essays

Cambridge University Press

1999

The Defining Moment: The Great Depression and the  American Economy in the Twentieth Century (with Claudia Goldin and Eugene White)

University of Chicago Press for the NBER, Chicago

1998

Anglo-American Financial Systems:  Institutions and Markets in the Twentieth Century (with Richard Sylla)

Irwin Professional Publishers, New York

1995

Financial Institutions and Markets in 20th Century Europe and North America.  Proceedings of the Eleventh International Economic History Congress, North America (with Gerald Feldman, Ulf Olssen and Youssef Cassis)

Bocconi University, Milan, Italy

1994

Monetary Regimes in Transition (with Forrest Capie)

Cambridge University Press, Cambridge

1993

A Retrospective on the Bretton Woods System (with B. Eichengreen)

University of Chicago Press for the NBER, Chicago

1993

Financial Crises in International Library of Macroeconomic and Financial History

Edward Elgar Publishing Limited, London

1992

Money, History and International Finance:  Essays in Honor of Anna J. Schwartz

University of Chicago Press for the NBER, Chicago

1989

The Long-Run Behavior of the Velocity of Circulation:  The International Evidence (with Lars Jonung)

Cambridge University Press, New York

1987

A Retrospective on the Classical Gold Standard, 1821-1931 (with Anna J. Schwartz)

University of Chicago Press for the NBER, Chicago

1984


 
 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Working Papers

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Title

Working Paper Type/Conference

Date of Publication

Format

The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997 (with Christopher Meissner)

NBER Working Paper No. 11897 December 2005

2005

Pdf (1591k)

U.S. Housing Boom-Busts in Historical Perspective

 

Paper Prepared for the Conference on Housing Bubbles

Networks Financial Institute Indiana State University

Indianapolis, October 12, 2005

2005

Doc (602k)

Review of A History of the Federal Reserve. Volume 1 (2003) (with Allan H. Meltzer)

NBER Working Paper No. 11714 October 2005

2005

Pdf (213k)

Seventy Years of Central Banking: The Bank of Canada in International Context, 1935-2005

NBER Working Paper No. 11586 August 2005

2005

Pdf (140k)


Historical Perspective on Global Imbalances


NBER Working Paper No11383 May 2005


2005


pdf(186k)

Financial Crises, 1880-1913: The Role of Foreign Currency Debt  (with Christopher Meissner)


NBER Working Paper No11173, March 2005


2005


pdf(1656k)

Keeping Capital Flowing: The Role of the IMF (with Ashoka Mody and Nienke Oomes)


NBER Working Paper No10834, October 2004
 


2004


pdf(213k)

Deflation and Monetary Policy in a Historical Perspective: Remembering the Past or Being Condemned to Repeat It? (with Andrew Filardo)


NBER Working Paper No10833, October 2004


2004


pdf(657k)

Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms (with David C. Wheelock)


NBER Working Paper No10704, August 2004

 

2004

 

pdf(474k)

The Yield Curve, Recessions and the Credibility of the Monetary Regime: Long Run Evidence 1875-1997 (with Joseph G Haubrich)


NBER Working Paper No10431, April 2004

 

2004

 

pdf(884k)

Good versus Bad Deflation: Lessons from the Gold Standard Era (with John Landon-Lane and Angela Redish)


NBER Working Paper No10329, Feb 2004

 

2004

 

pdf(416k)

 Introduction:  Demand for Money: An Analysis of  the Long-Run Behavior of the Velocity of Circulation (with Lars Jounug)

 Introduction to the Reprint of Demand for Money: An Analysis of  the Long-Run Behavior of the Velocity of Circulation


        2003

pdf (383k)

Gold, Fiat Money, and Price Stability (with Robert D. Dittmar and William Gavin)

NBER Working Paper No. 10171, December 2003

2003

pdf(578k)

  Have National Business Cycles Become More Synchronized? (with Thomas Helbling)

NBER Working Paper No. 10130, December 2003

2003

pdf(199k)


Does the Euro have a Future?

Paper Prepared for the Cato Institute 21st Annual Monetary Conference: The Future of the Euro, Washington D.C. November 2003.

2003


doc(57k)

The Yield Curve, Recessions and the Credibility of the Monetary Regime: Long-Run Evidence 1875-1997 (with Joseph G. Haubrich)

 

2003

pdf(579k)

IS-LM and Monetarism(with Anna J. Schwartz)

Prepared for the 2003 HOPE Conference 
on “The IS/LM Model: Its Rise, Fall, and Strange Persistence” at Duke University, April 25-27, 2003.

2003

pdf(61k)

Exchange Rate Regime Choice in Historical Perspective

Paper prepared for the Henry Thornton Lecture at the Cass Business School, March 2003.

2003

doc(250k)

Is deflation depressing?
Evidence from the Classical Gold Standard (with Angela Redish)

NBER Working Paper No 9520, March 2003.

2003

pdf(192k)

Stock Market Crashes, Productivity Boom Busts and Recessions:Some Historical Evidence.

Background paper prepared for the chapter on Asset Price Busts for World Economic Outlook, April 2003

2003

doc(186k)

Monetary Standards

Essay written for the Oxford Encyclopedia of Economic History, October 2002

2002

doc(63k)

Boom-Busts in Asset Prices, Economic Instability, and Monetary Policy

NBER Working Paper No 8966, May 2002 

2002

pdf (732k)

Monetary Policy and Asset Prices: Does "Benign Neglect" Make Sense? (with Olivier Jeanne)

Preliminary Draft October 2002

2002

pdf (963k)

Globalization and Changing Patterns in the International Transmission of Shocks in Financial Markets (with Antu Panini Murshid)

NBER Working Paper No 9019, June 2002.

2002

pdf(715k)

Charles Goodhart's Contributions to the History of Monetary Institutions (with Anna J.Schwartz)

NBER Working Paper No 8717, January 2002

2002

pdf (202k)

Crises Now and Then: What Lessons from the Last Era of Financial Globalization (with Barry Eichengreen)

NBER Working Paper No 8716, January 2002

2002

pdf (399k)

A Return to the Convertibility Principle? Monetary and Fiscal  Regimes in Historical Perspective: The International Evidence (with Lars Jonung)

Chapter 8 in Axel Leijonhufvud, ed., Monetary Theory and Policy Experience, International Economic Association, Conference Volume No. 132, Palgrave 2001.

2001

pdf(2.8Mb)

Core, Periphery, Exchange Rate Regimes, and Globalization (with Marc Flandreau)

NBER Working Paper No 8584, November 2001

2001

pdf (505k)

Aggregate Price Shocks and Financial Stability: The United Kingdom 1796-1999 (with Michael J. Dueker and David C. Wheelock)

NBER Working Paper No 8583, November 2001

2001

pdf (437k)

Bond Market Inflation Expectations in Industrial Countries: Historical Comparisons (with William G. Dewald)

NBER Working Paper No 8582, November 2001

2001

pdf (419k)

The Adam Klug Memorial Lecture: Haberler versus Nurkse: The Case for Floating Exchange Rates as an Alternative to Bretton Woods? (with Harold James)

NBER Working Paper No 8545, October 2001

2001

pdf (213k)

Globalization in Historical Perspective

Prepared for the NBER session “International Economy: Globalization and Crises” at the National Association of Business Economists, 43rd Annual Meetings, New York City, September 11, 2001.

2001

pdf(282k)

The Inter-War Gold Exchange Standard: Credibility and Monetary Independence ( with Ronald MacDonald)

NBER Working Paper No 8429, August 2001

2001

pdf (496k)

From the Exchange Stabilization Fund to the International Monetary Fund (with Anna J. Schwartz)

NBER Working Paper No 8100, January 2001

2001

pdf (157k)

The International Monetary Fund: Its Present Role in Historical Perspective (with Harold James) 

NBER Working Paper No 7724, June 2000

2000

pdf (1246K)

Measuring Real Economic Effects of Bailouts: Historical Perspectives on How Countries in Financial Distress Have Fared With and Without Bailouts ( with Anna J. Schwartz)

NBER Working Paper No 7701, May 2000

2000

pdf (273K)

Is the Crisis Problem growing More Severe? (with Barry Eichengreen, Daniela Klingbiel and Maria Soledad Martinez-Peria)

Mimeograph December 2000

 

(text) pdf
(figures) zip

Aggregate Price Shocks and Financial Instability: An Historical Analysis (with Michael Dueker and David Wheelock)

NBER Working Paper No 7652, April 2000 

2000

pdf (203k)

Are Financial Crises Becoming Increasingly More Contagious?  What is the Historical Evidence on Contagion? (with Antu Panini Murshid)

Prepared for a Conference Volume to be Edited by Constantijn Claessens and Kristin Forbes

2000

pdf (1.51 Mb)

Sound Money and Sound Financial Policy

Prepared for the conference “Anna Schwartz – The Policy Influence,” American Enterprise Institute.  Washington D.C.  April 14, 2000

2000

pdf (not yet available) 
doc (581 Kb)

An Historical Perspective on the East Asian Crisis

Prepared for the Conference “Tigers in Distress: the Political Economy of the East Asian Crisis.” Columbia University March 5, 2000

2000

doc (1.52 Mb)

The Globalization of International Financial Markets: What Can History Teach Us?

Prepared for the conference “International Financial Markets: The Challenge of Globalization,” March 31, 2000Texas A and M University, College Station Texas.

2000

pdf (4.37 Mb)
ps (1.82 Mb)

The International Monetary Fund: Its Present Role in Historical Perspective (with Harold James)

NBER Working Paper  No. 7724, June 2000

2000

pdf

"The International Transmission of Financial Crises before World War II: Was There Contagion?" (with Antu Panini Murshid)

Prepared for UNU/WIDER conference on Financial Contagion. Helsinki. November 1999.

1999

full version pdf 
abridged version pdf

"Measuring Real Economic Effects of Bailouts:  Historical Perspectives on How Countries in Financial  Distress Have Fared With and Without Bailouts" (with Anna J. Schwartz)

NBER Working Paper  No. 7701,May 2000

2000

pdf

"Is Our Current International Economic Environmant Unusually Crisis Prone?" (with Barry Eichengreen)

Prepared for the Reserve Bank of Australia Conference on Private Capital.  Sydney.  August 1999.

1999

pdf text
pdf figures accompanying the text

"Canada's Monetary System in Historical Perspective: Two Faces of the Exchange Rate Regime" (with A. Redish and R. Shearer)

 

1999

pdf

"A Return to the Convertibility Principle?  Monetary and Fiscal Regimes in Historical Perspective.  The International Evidence," (with Lars Jonung)

Forthcoming in Axel Leijonhufvud, ed., "Monetary Theory as a Basis for Monetary Policy", MacMillan.

1998

doc

"What if Alexander Hamilton Had Been Argentinean?  A Comparison of the Early Monetary Experiences of Argentina and the United States," (with Carlos A. Vegh)

 NBER Working Paper No 6862, December 1998

1998

pdf (1.87 Mb) NBER website
Also available from Carlos Vegh's webpage pdf (881 k)

"Was Stable Money Feasible During the Great Contraction?  An Examination of the Gold Standard Constraint," (with Ehsan U. Choudhri and Anna J. Schwartz)

 NBER Working Paper No 7125, May 1999

1999

pdf

Under What Circumstances, Past and Present, Have International   Rescues of Countries in Financial Distress Been Mounted? (with Anna J. Schwartz)

NBER Working Paper No 6824 , December 1998

1998

pdf (1762k)
doc

"Historical Evidence on Business Cycles: The international experience," (with Michael Bergman and Lars Jonung)

Prepared for the Federal Reserve Bank of Boston Annual Conference: "Beyond Shocks: What Causes Business Cycles?" Cape Cod, June 24-26, 1998

1998

pdf

"Was There Really an Earlier Period of International Financial," (with Barry Eichengreen, and Jongwoo Kim)

NBER Working Paper No 6738, September 1998

1998

pdf

"The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary System," (with Barry Eichengreen)

NBER Working Paper No 6436, March 1998

1998

pdf

"The Legacy of French and English Fiscal and Monetary Institutions for Canada," (with Angela Redish)  Figures are not yet available online.

 

1997

doc

"Monetary Policy Regimes and Economic Performance: The Historical Record," (with Anna J. Schwartz)

NBER Working Paper No 6201, September 1997

1997

pdf

"Violations of the `Rules of the Game' and the Credibility of the Classical Gold Standard, 1880-1914," (with Ronald MacDonald)

NBER Working Paper No 6115, June 1997

1997

pdf

"Money, Sticky Wages, and the Great Depression," (with Christopher J. Erceg and Charles N. Evans)

NBER Working Paper No 6071, June 1997

1997

pdf

"The Implications of the Great Depression for the Development of the International Monetary System," (with Barry Eichengreen)

NBER Working Paper No 5883, January1997

1997

pdf

"Why Clashes Between Internal and External Stability Goals End in Currency Crises, 1797-1994," (with Anna J. Schwartz)

NBER Working Paper No 5710, January1997

1997

pdf

"The Specie Standard as a Contingent Rule: Some Evidence for Core and Peripheral Countries, 1880-1990," (with Anna J. Schwartz)

NBER Working Paper No 4860, February1997

1997

pdf

"A Small Open Economy in Depression: Lessons from Canada in the 1930s," (with Caroline M. Betts and Angela Redish)

NBER Working Paper No 4515, December 1996

1996

pdf


 
 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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