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The Gold Standard and Related Regimes: Collected Essays
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Michael D Bordo (Editor), Forrest Capie (Editor), Angela Redish (Editor)
This book contains a collection of Michael D. Bordo's essays, written singly and with colleagues, on the classical gold standard and related regimes based directly or indirectly on gold convertibility. The gold standard (and its variants) was the basis for both international and domestic monetary arrangements from the third quarter of the ...
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A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building
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Howard Bodenhorn, Michael D Bordo (Editor), Forrest Capie (Editor)
This history focuses on the credit generating function of American banks. It demonstrates that banks aggressively promoted economic development rather than passively following its course. Using previously unexploited data, Professor Bodenhorn shows that banks helped to advance the development of industrialization. Additionally, he shows that ...
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Transferring Wealth and Power from the Old to the New World: Monetary and Fiscal Institutions in the 17th Through the 19th Centuries
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Michael D Bordo (Editor), Roberto Cortes-Conde (Editor), Forrest Capie (Editor)
This book contains a collection of essays comparing the evolution of the fiscal and monetary regimes of the Old World colonial powers - England, France, Spain, Portugal and the Netherlands - from the seventeenth to the nineteenth centuries with the experiences of several of their former colonies in the New World of the Americas: the United States, ...
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Japanese Banking: A History, 1859-1959
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Norio Tamaki, Michael D Bordo (Editor), Forrest Capie (Editor)
How did the Japanese achieve their unrivalled position in world banking? This book provides the first full account in English of the banking industry in Japan for the century following the opening of the country to the outside world in 1859. Professor Tamaki begins by considering the period of experimentation during the Meiji Restoration which ...
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The Changing Face of Central Banking: Evolutionary Trends Since World War II
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Pierre L Siklos, Michael D Bordo (Editor), Forrest Capie (Editor)
Central banks have emerged as the key players in national and international policy making. This book explores their evolution since World War II in 20 industrial countries. The study considers the mix of economic, political and institutional forces that have affected central bank behaviour and its relationship with government. The analysis ...
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Elusive Stability: Essays in the History of International Finance, 1919?1939
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Barry Eichengreen, Michael D Bordo (Editor), Forrest Capie (Editor)
This volume provides a new interpretation of the operation and macroeconomic repercussions of the international monetary system during the interwar years. Each of the eleven essays is explicitly concerned with the role of exchange rates in macroeconomic fluctuations from the American and European perspective. The final essay examines the interwar ...
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Europe's Postwar Recovery
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Barry Eichengreen (Editor), Michael D Bordo (Editor), Forrest Capie (Editor)
Western Europe's recovery from World War II was nothing short of miraculous. From the chaos of the war and the crisis of 1947, Europe moved directly to the most rapid quarter-century of economic growth in her history. The contributors to this volume seek to identify the sources of this singularly successful recovery. That all European countries ...
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Bimetallism: An Economic and Historical Analysis
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Angela Redish (Editor), Michael D Bordo (Editor), Forrest Capie (Editor)
This book presents a history of Western monetary systems and explains why bimetallism was preferred to a gold standard before 1800. Professor Redish argues that the technological ability to issue fiduciary monies, and a commitment mechanism to prevent opportunistic governments changing the ratio between the currency and a unit of gold, were ...
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The Credit-Anstalt Crisis of 1931
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Aurel Schubert, Michael D Bordo (Editor), Forrest Capie (Editor)
Austria played a prominent role in the worldwide events of 1931 as the largest bank in Central and Eastern Europe, the Viennese Credit-Anstalt, collapsed and led Europe into a financial panic that spread to other parts of the world. The events in Austria were pivotal to the economic developments of the 1930s, yet the literature about them is ...
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Monetary Regimes in Transition
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by
Forrest Capie (Editor), Michael D Bordo, Angela Redish (Editor)
This important contribution to comparative economic history examines different countries' experiences with different monetary regimes, laying particular emphasis on how the regimes fared when placed under stress such as wars or other changes in the economic environment. Covering the experience of ten countries over the period 1700-1990, the ...
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The Economics of World War II: Six Great Powers in International Comparison
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Mark Harrison (Editor), Michael D Bordo (Editor), Forrest Capie (Editor)
This book provides a new quantitative view of the wartime economic experiences of six great powers; the UK, the USA, Germany, Italy, Japan and the USSR. What contribution did economics made to war preparedness and to winning or losing the war? What was the effect of wartime experiences on postwar fortunes, and did those who won the war lose the ...
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Have the Banks Failed British Industry?: An Historical Survey of Bank - Industry Relations in Britain, 1870-1990
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Forest Capie, Michael Collins, Forrest Capie
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Deflation: Current and Historical Perspectives
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Michael D Bordo (Editor), Forrest Capie (Editor), Angela Redish (Editor)
Until recently fears of deflation seemed nothing more than a relic of the Great Depression. However, beginning in the 1990s, persistently falling consumer prices have emerged in Japan, China and elsewhere. Deflation is also a distinct possibility in some of the major euro area economies, especially Germany, and emerged as a concern of the US ...
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Policy by Policy Makers: The Mais Lectures
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by
Forrest H Capie
Monetary policy has become one of the most contested areas of modern economics. Governments have come to see prudent monetary policy as essential to the control of inflation and hence to sustained economic growth, yet the processes by which this can be translated into practice remain controversial. In this volume, a wide range of leading policy ...
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The Strategy and Consistency of Federal Reserve Monetary Policy, 1924-1933
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by
David C Wheelock, Michael D Bordo (Editor), Forrest Capie (Editor)
Today, most scholars agree that mismanaged monetary policy contributed to the length and severity of the Great Depression. There is little agreement, however, about the causes of the Federal Reserve's mistakes. Some argue that leadership and other organizational changes prior to the depression caused a distinct change in policy strategy that ...
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The Future of Central Banking: The Tercentenary Symposium of the Bank of England
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Forrest Capie, Prof. Charles Goodhart, Stanley Fischer
This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first, by Forrest Capie, Charles Goodhart and Norbert Schnadt, provides an authoritative account of the evolution of central banking. It traces the development of both the monetary and financial stability concerns of central banks, and ...
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Monetary Regimes in Transition
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by
Michael D Bordo (Editor), Forrest Capie (Editor), Angela Redish (Editor)
This important contribution to comparative economic history examines different countries' experiences with different monetary regimes, laying particular emphasis on how the regimes fared when placed under stress such as wars or other changes in the economic environment. Covering the experience of ten countries over the period 1700-1990, the ...
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The Lender of Last Resort
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Capie/Wood, Geoffrey Wood (Editor), Forrest Capie (Editor)
The capacity of national central banks to 'step in' and bail out an economy is one which has proved to be vitally important over the years. This collection from Wood and Capie brings together important literature for the first time in book form.
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The Strategy and Consistency of Federal Reserve Monetary Policy, 1424-1933
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by
David C Wheelock, Michael D Bordo (Editor), Forrest Capie (Editor)
Today, most scholars agree that mismanaged monetary policy contributed to the length and severity of the Great Depression in the USA. There is little agreement, however, about the causes of the Federal Reserve's mistakes. This book examines the policy strategy developed by the Federal Reserve during the 1920s and considers whether its continued ...
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Asset Prices and the Real Economy
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Forrest Capie
The recession which many countries experienced in the early 1990s had certain unusual aspects. Most notably, and common to all countries, was the behaviour of asset prices relative to the general price level. In consequence, reasons were sought to explain the special characteristics of the recession and as a result of the behaviour of asset prices ...
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Monetary Unions: Theory, History, Public Choice
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by
Capie and Woods, Forrest Capie (Editor), Geoffrey Wood (Editor)
The Economic and Monetary Union (EMU) in which some members of the European Union have joined, has prompted much discussion of monetary union. Most of this discussion has focused on the immediate issues, such as prospects for the Euro and the possibility of expanding the Euro-zone. This book stands back and considers the relevant theory or what ...
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The Development of Monetary Theory in the 1920's and 1930's
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by
Geoffrey Wood (Editor), Forrest Capie (Editor)
The 1920s and 1930s were formative decades in the development of monetary theory. The 1920s were a high point in the work on the business cycle, work which was given new impetus by the traumatic impact of the Great Depression. Money was seen as a critical factor in the events leading to recession and also in the policies available to alleviate it ...
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Major Inflations in History
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Forrest Capie
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World Economic Liberalization in a Historical Perspective
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by
Forrest Capie
In the last two decades there has been a burst of financial and other liberalization in the world economy. There have also been a number of crises - mostly misleadingly called financial crises. Some association has been made between the crises and the increasing freedom. An examination of these issues in the historical record of the last 150 years ...
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Protectionism in the World Economy
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by
Forrest Capie
Draws together different theoretical approaches to the issue of commercial policy, analyzing alternating periods of free trade and protectionism in the world economy over the last 200 years. The origin and impact of protectionist policies is assessed by studying individual countries.
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