Michael Bordo - Academia.edu (original) (raw)

Papers by Michael Bordo

Research paper thumbnail of 4. US Intervention during the Bretton Woods Era, 1962– 1973

University of Chicago Press eBooks, 2015

Research paper thumbnail of 3. Introducing the Exchange Stabilization Fund, 1934– 1961

University of Chicago Press eBooks, Feb 12, 2015

Research paper thumbnail of Nber Working Paper Series Not Just the Great Contraction

reflect the views of the National Bureau of Economic Research. NBER working papers are circulated... more reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

Research paper thumbnail of The Defining Moment Hypothesis: The Editors' Introduction

Research paper thumbnail of Appendix 2: Empirical Method for Assessing Success Counts

Research paper thumbnail of Front matter, The Defining Moment

Research paper thumbnail of Appendix 1: Summaries of Bank of England Documents

Research paper thumbnail of Front matter, Strained Relations: U.S. Foreign-Exchange Operations and Monetary Policy in the Twentieth Century

Research paper thumbnail of Exchange Market Policy in the United States: Precedents and Antecedents

Research paper thumbnail of The Lessons from the Banking Panics in the United States in the 1930s for the Financial Crisis of 2007-2008

Research paper thumbnail of A Comparison of the United States and Canadian Banking Systems in the Twentieth Century: Stability vs. Efficiency?

Research paper thumbnail of Not Just the Great Contraction: Friedman and Schwartz’s A Monetary History of the United States 1867 to 1960

Research paper thumbnail of Was Adherence to the Gold Standard a “Good Housekeeping Seal of Approval” during the Interwar Period?

Finance, Intermediaries, and Economic Development

Research paper thumbnail of A Brief Empirical History of U.S. Foreign-Exchange Intervention: 1973-1995

SSRN Electronic Journal, 2009

Research paper thumbnail of Lessons from the Great American Real Estate Boom and Bust of the 1920s

Research paper thumbnail of The Global Financial Crisis: Is It Unprecedented?

Research paper thumbnail of The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered

Research paper thumbnail of The Stochastic Properties of Velocity: A New Interpretation

Research paper thumbnail of Does Expansionary Monetary Policy Cause Asset Price Booms; Some Historical and Empirical Evidence

Research paper thumbnail of The Global Financial Crisis of 2007-08: Is it Unprecedented?

Research paper thumbnail of 4. US Intervention during the Bretton Woods Era, 1962– 1973

University of Chicago Press eBooks, 2015

Research paper thumbnail of 3. Introducing the Exchange Stabilization Fund, 1934– 1961

University of Chicago Press eBooks, Feb 12, 2015

Research paper thumbnail of Nber Working Paper Series Not Just the Great Contraction

reflect the views of the National Bureau of Economic Research. NBER working papers are circulated... more reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

Research paper thumbnail of The Defining Moment Hypothesis: The Editors' Introduction

Research paper thumbnail of Appendix 2: Empirical Method for Assessing Success Counts

Research paper thumbnail of Front matter, The Defining Moment

Research paper thumbnail of Appendix 1: Summaries of Bank of England Documents

Research paper thumbnail of Front matter, Strained Relations: U.S. Foreign-Exchange Operations and Monetary Policy in the Twentieth Century

Research paper thumbnail of Exchange Market Policy in the United States: Precedents and Antecedents

Research paper thumbnail of The Lessons from the Banking Panics in the United States in the 1930s for the Financial Crisis of 2007-2008

Research paper thumbnail of A Comparison of the United States and Canadian Banking Systems in the Twentieth Century: Stability vs. Efficiency?

Research paper thumbnail of Not Just the Great Contraction: Friedman and Schwartz’s A Monetary History of the United States 1867 to 1960

Research paper thumbnail of Was Adherence to the Gold Standard a “Good Housekeeping Seal of Approval” during the Interwar Period?

Finance, Intermediaries, and Economic Development

Research paper thumbnail of A Brief Empirical History of U.S. Foreign-Exchange Intervention: 1973-1995

SSRN Electronic Journal, 2009

Research paper thumbnail of Lessons from the Great American Real Estate Boom and Bust of the 1920s

Research paper thumbnail of The Global Financial Crisis: Is It Unprecedented?

Research paper thumbnail of The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered

Research paper thumbnail of The Stochastic Properties of Velocity: A New Interpretation

Research paper thumbnail of Does Expansionary Monetary Policy Cause Asset Price Booms; Some Historical and Empirical Evidence

Research paper thumbnail of The Global Financial Crisis of 2007-08: Is it Unprecedented?

Research paper thumbnail of The Price of Stability: The balance sheet policy of the Banque de France and the Gold Standard (1880-1914)

Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount ra... more Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to keep a stable rate and continuously violate the “rules of the game”? This paper tackles these questions and shows that the domestic asset portfolio of the Bank of France played a crucial role in smoothing international shocks and in maintaining the stability of the discount rate. This policy provides a striking example of a central bank that uses its balance sheet to block the interest rate channel and protect the domestic economy from international constraints