| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29114 |
| 来源ID | Working Paper 29114 |
| \u201cUnusual, Unstable, Complicated, Unreliable and Temporary\u201d Reinterpreting the Ebb and Flow of Globalization | |
| Michael D. Bordo; Catherine R. Schenk | |
| 发表日期 | 2021-08-02 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | In 1919, John Maynard Keynes wrote his famous tract The Economic Consequences of the Peace. In that work, he anticipated the collapse of the first era of globalization that began in the mid-nineteenth century. He admonished the short-sighted assumption that these years of relative peace and prosperity for many was a permanent norm, interrupted only briefly by the Great War. The diplomatic failures, lapses in leadership, and promotion of narrow interests and vision outlined by Keynes underpinned his prediction of a backslash of economic nationalism, trade protectionism, and recession. The paper revisits the turning points in the evolution of the global economic system since 1919 by focusing primarily on the evolution of the international monetary system and policy cooperation/coordination. We identify three disruptions and examine how each prompted a change in the underlying ideology about how the international monetary system should organize: World War I, Bretton Woods, 1970s Great Inflation and Managed Floating. Each turning point was characterized by different forms and institutions of cooperation, how rules (either explicit or implicit) were designed and implemented, and the crucial importance of the historical context. |
| 主题 | International Economics ; International Finance ; History ; Macroeconomic History |
| URL | https://www.nber.org/papers/w29114 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586788 |
| 推荐引用方式 GB/T 7714 | Michael D. Bordo,Catherine R. Schenk. \u201cUnusual, Unstable, Complicated, Unreliable and Temporary\u201d Reinterpreting the Ebb and Flow of Globalization. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29114.pdf（256KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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