Some links to already published material are to slightly older versions from the NBER working paper series. Please contact me if you do not have access to this series and would like a copy for personal use or would like a copy of the final version of something you see below.
RECENT WRITINGS (also listed by subject below)
Does Inequality Lead to a Financial Crisis?
with Michael Bordo
Press and blog coverage from the The Economist, The Atlantic, Delong, Economists View, Marginal Revolution. A highly relevant post by Rajan, and one by Kermal Dervis.
Market Potential and Economic Performance in the 19th Century (coming soon)
Review of Jeff Williamson "Trade and Poverty: When the Third World Fell Behind"
THE GREAT DEPRESSION
International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences, and Lessons with Richard S. Grossman (2010) Oxford Review of Economic Policy. Vol. 26 (3) pp. 318-388.
Surplus Reversals in Large Nations: The Cases of France and Great Britain in the Interwar Period for a Vox EU ebook on Rebalancing the Global economy: A Primer for Policymaking
FINANCIAL CRISES IN HISTORY
Does Inequality Lead to a Financial Crisis?
with Michael Bordo
Foreign Currency Debt, Financial Crises and Economic Growth: A Long Run View
Sudden
Stops: Determinants and Output Effects in the First Era of Globalization,
1880-1913
1913
(2010) Journal of Development
Economics. 91 (2) pp. 227-241. (with
Can a bank crisis break your heart? with David Stuckler, and Lawrence King Globalization and Health. We show that banking crises are related to increases in death rates from heart disease.
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Press coverage from the Financial Times, BBC, Daily Telegraph, The Guardian, FT Alphaville, Maclean's, AFP and other blogs. David Stuckler also appeared on CNBC Europe Tonight
Financial Crises, 1880-1913: The
Role of Foreign Currency Debt with Michael D. Bordo (2007) in Sebastian
Edwards, Gerardo Esquivel, and Graciela Márquez eds.
The Decline of Latin American
Economies: Growth, Institutions, and Crises pp. 139-194.
INTERNATIONAL TRADE
Trade,
Exchange Rate Regimes and Output Co-Movement: Evidence from the Great
Depression with Gabriel Mathy. An early draft of a paper forthcoming in
the Journal of Monetary Economics.
The Role of Trade Costs in the Trade Collapse of 2008-2009 For a Vox EU ebook on the Great Trade Collapse (November 2009)
Trade Booms, Trade Busts and Trade Costs
(2011)
Journal of International Economics.
Vol. 83 (2), pp. 185-201. (with
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An extension of this paper to the Trade Bust of 2008-09 titled What's Driving the Trade Collapse? can be found at Vox EU
Trade Costs, 1870-2000 with David Jacks and Dennis Novy (2008) American Economic Review Papers and Proceedings 98(2). pp. 529-534.
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There is a short summary on Vox EU and our work was also mentioned in the Financial Times.
Trade Costs, 1870-1913 (2010), Explorations in Economic History vol. 47 (2) pp. 127-141. (with David Jacks and Dennis Novy)
Exchange Rate
Regimes and International Trade: Evidence from the Classical Gold Standard
Era, 1870-1913 with J. Ernesto López Córdova. (2003)
American Economic Review vol. 93
(1) March pp. 344-353.
EXCHANGE RATE REGIMES
Trade, Exchange Rate Regimes and Output Co-Movement: Evidence from the Great Depression with Gabriel Mathy. An early draft of a paper forthcoming in the Journal of Monetary Economics.
Sample Selection for Durations with Time-Varying Covariates and the Duration of Exchange Rate Regimes with Frederick J. Boehmke
Systemic Changes in the International Monetary System and the Need for Coordination, Cooperation and Enforcement A short paper prepared for the forthcoming book 'A Twenty-First Century International Monetary System’ published by Chatham House and the UK's ESRC World Economy and Finance Programme.
Why do Countries Peg the Way they Peg? The Determinants of Anchor Currency Choice with Nienke Oomes (2009) Journal of International Money and Finance 28 (3) pp. 522-547.
INTERNATIONAL CAPITAL FLOWS/DEBT
Surplus Reversals in Large Nations: The
Cases of France and Great Britain in the Interwar Period for a Vox EU
ebook on Rebalancing
the Global economy: A Primer for Policymaking
Sudden
Stops: Determinants and Output Effects in the First Era of Globalization,
1880-1913
(2010) Journal of Development
Economics. 91 (2) pp. 227-241. (with
Foreign Capital, Financial Crises and Incomes in the First Era of
Globalization
(2011) European Review of Economic
History vol. 15 (1) pp. 61-91.
(with Michael D. Bordo)
Economic Growth
Identifying the Effects of an Exchange Rate Depreciation on Country Risk: Evidence from a Natural Experiment with Michael D. Bordo and Marc Weidenmier (2009) Journal of International Money and Finance 28 (6) pp. 1022-1044.
Losing our Marbles in the New
Century? The Great Rebalancing in Historical Perspective with Alan M.
Taylor (2008) conference volume from the Federal Reserve Bank of
Boston conference on Global Imbalances held in Chatham, Mass. June 2006.
(also NBER working paper 12580, CEPR discussion paper 5917)
How
‘Original Sin’ Was Overcome: The Evolution of External Debt Denominated in
Domestic Currencies in the United States and the British Dominions 1800-2000”
(2005) with Michael Bordo and Angela Redish in
Other People’s Money:
Debt Denomination and Financial Instability in Emerging Market Economies.
Barry Eichengreen and Ricardo Hausmann eds. pp. 122-153.
POLITICAL ECONOMY
The Globalization of Trade and Democracy, 1870-2000 with J. Ernesto López Córdova (2008) World Politics 60(4) pp. 539-575 (Lead article).
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A brief blog post summarizing our arguments: Trade Matters for Democracy: A Reminder for G-20 Leaders A post for VOX EU.
On the Looting of Nations (2011) Public Choice. 148 (3-4) pp. 353-380. (with Erwin Bulte, Mare Sarr, and Tim Swanson).
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A short summary appeared on Vox EU 27 September, 2008
Riding the Wave of Trade: Explaining the Rise of Labor Regulation in the Golden Age of Globalization with Michael Huberman (2010) Journal of Economic History (Winner of the Arthur H. Cole prize for the best article in the previous year in the Journal of Economic History.)
GROUP DECISION MAKING
Voting Rules and the Success of
Connected Lending in Nineteenth Century
BOOK REVIEWS ETC.
Review of Power and Plenty by Ronald Findlay and Kevin H. O'Rourke (forthcoming) Journal of Economic History
Review of Jeffry
Frieden Global Capitalism: Its Fall
and Rise in the Twentieth Century (2007)
Journal of International Economics
vol. 71 (2) pp. 523-525.
Review of
Feldstein, Martin (ed.) Economic and
Financial Crises in Emerging Market Economies. (2005)
Journal of Contingencies and Crisis
Management vol 13 (1) pp. 35-36
“Prices and
Inflation” (2005) History of World
Trade since 1450. John J. McCusker editor.
Macmillan Reference.
“The Gold
Standard” (2003)
Review of
James, Harold, ed. in collaboration with Elisabeth Müller-Luckner,
The Interwar Depression in an
International Context and Parker, Randall E.
Reflections on the Great Depression.
International History Review
September 2003.
Review for
eh.net of Battles for the Standard:
Bimetallism and the Spread of the Gold Standard in the Nineteenth Century,
by Ted Wilson.