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Bordo, Michael D.

Works: 349 works in 1,612 publications in 2 languages and 16,901 library holdings
Genres: Conference proceedings  History 
Roles: Author, Editor, Other, Contributor, Honoree
Classifications: HF1418.5, 337
Publication Timeline
Publications about Michael D Bordo
Publications by Michael D Bordo
Most widely held works by Michael D Bordo
Globalization in historical perspective by Michael D Bordo( file )
27 editions published between 2003 and 2007 in English and held by 1,885 libraries worldwide
As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been made to present a long-term economic analysis of the phenomenon, one that frames the issue by examining its place in the long history of international integration. This volume collects eleven papers doing exactly that and more. The first group of essays explores how the process of globalization can be meas
The defining moment the Great Depression and the American economy in the twentieth century by Michael D Bordo( file )
16 editions published between 1997 and 2007 in English and held by 1,664 libraries worldwide
The Defining Moment poses the question directly: to what extent, if any, was the Depression a watershed period in the history of the American economy? This volume organizes twelve scholars' responses into four categories: fiscal and monetary policies, the economic expansion of government, the innovation and extension of social programs, and the changing international economy. The central focus across the chapters is the well-known alterations to national government during the 1930s. The Defining Moment attempts to evaluate the significance of the past half-century to the American economy, while not omitting reference to the 1930s
A Retrospective on the classical gold standard, 1821-1931 by Michael D Bordo( Book )
12 editions published between 1984 and 2009 in English and Italian and held by 1,018 libraries worldwide
This is a timely review of the gold standard covering the 110 years of its operation until 1931, when Britain abandoned it in the midst of the Depression. Current dissatisfaction with floating rates of exchange has spurred interest in a return to a commodity standard. The studies in this volume were designed to gain a better understanding of the historical gold standard, but they also throw light on the question of whether restoring it today could help cure inflation, high interest rates, and low productivity growth. The volume includes a review of the literature on the classical gold standard
A Retrospective on the Bretton Woods system : lessons for international monetary reform by National Bureau of Economic Research( Book )
14 editions published between 1993 and 2007 in English and held by 800 libraries worldwide
At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustmen
Money, history, and international finance : essays in honor of Anna J. Schwartz by Michael D Bordo( Book )
15 editions published between 1989 and 2007 in English and held by 694 libraries worldwide
This volume provides a critical evaluation of Anna J. Schwartz's work and probes various facets of the immense contribution of her scholarship?How well has it stood the test of time? What critiques have been leveled against it? How has monetary research developed over the years, and how has her influence been manifested? Bordo has collected five conference papers presented by leading monetary scholars, discussants' comments, and closing remarks by Milton Friedman and Karl Brunner. Each of these insightful surveys extends Schwartz's work and makes its own contribution to the fields of monetary
Theories of international trade by Adam Klug( file )
15 editions published between 2005 and 2006 in English and held by 426 libraries worldwide
"This inspiring new book covers the practical side of dream interpretation during the therapeutic consultation. It aids the understanding of sleep and dreams in a scientific context and provides an introduction to the biological and evolutionary foundations of sleep, dreams and dream interpretation, supporting its use in professional counselling. Dream Interpretation as a Psychotherapeutic Technique covers cultural, historical and religious foundations of dreams and dream interpretation, and gives an overview of the various dream interpretation theories."--Jacket
Monetary regimes in transition by Michael D Bordo( Book )
21 editions published between 1993 and 2006 in 3 languages and held by 408 libraries worldwide
This important contribution to comparative economic history examines different countries' experiences with different monetary regimes. The contributors lay 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 book employs the latest techniques of economic analysis in order to understand why particular monetary regimes and policies succeeded or failed
The long-run behavior of the velocity of circulation : the international evidence by Michael D Bordo( Book )
10 editions published in 1987 in English and held by 353 libraries worldwide
The gold standard and related regimes: collected essays by Michael D Bordo( Book )
1 edition published in 1999 in English and held by 284 libraries worldwide
Transferring wealth and power from the old to the new world : monetary and fiscal institutions in the 17th through the 19th century ( Book )
16 editions published between 2001 and 2006 in English and held by 281 libraries worldwide
This is 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 17th to the 19th century with the experiences of several of their former colonies in the New World of the Americas: the United States, Canada, Mexico, Colombia, Brazil, and Argentina. The objective is to see how such fiscal and monetary institutions were modified or replaced by new ones. The case studies in the collection consider the experience of the colonies after they became independent countries; they examine the factors that allowed efficient fiscal institutions to develop in some countries, while in others such development turned out to be unsuccessful; and they consider why some governments were able to live within their means and provide public goods, while for others expenditures often exceeded revenue, often leading to fiscal crises
Credibility and the international monetary regime : a historical perspective by Michael D Bordo( Book )
15 editions published between 2011 and 2014 in English and held by 269 libraries worldwide
This book presents ten studies which combine historical narrative with econometrics to analyze the role of credibility in four monetary regimes
The great inflation : the rebirth of modern central banking ( Book )
10 editions published in 2013 in English and held by 262 libraries worldwide
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and '80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period's
The origins, history, and future of the Federal Reserve : a return to Jekyll Island by Michael D Bordo( Book )
15 editions published between 2012 and 2013 in English and held by 198 libraries worldwide
"This book contains essays presented at a conference held in November 2010 to mark the centenary of the famous 1910 Jekyll Island meeting of leading American financiers and the U.S. Treasury. The 1910 meeting resulted in the Aldrich Plan, a precursor to the Federal Reserve Act that was enacted by Congress in 1913. The 2010 conference, sponsored by the Federal Reserve Bank of Atlanta and Rutgers University, featured assessments of the Fed's near 100-year track record by prominent economic historians and macroeconomists. The final chapter of the book records a panel discussion of Fed policy making by the current and former senior Federal Reserve officials. ch1: "To Establish a More Effective Supervision of Banking:" How the Birth of the Fed Altered Bank Supervision Abstract Although bank supervision under the National Banking System exercised a light hand and panics were frequent, depositor losses were minimal. Double liability induced shareholders to carefully monitor bank managers and voluntarily liquidate banks early if they appeared to be in trouble. Inducing more disclosure, marking assets to market, and ensuring prompt closure of insolvent national banks, the Comptroller of the Currency reinforced market discipline. The arrival of the Federal Reserve weakened this regime. Monetary policy decisions conflicted with the goal of financial stability and created moral hazard. The appearance of the Fed as an additional supervisor led to more "competition in laxity" among regulators and "regulatory arbitrage" by banks. When the Great Depression hit, policy-induced deflation and asset price volatility were misdiagnosed as failures of competition and market valuation. In response, the New Deal shifted to a regime of discretion-based supervision with forbearance"--
Anglo-American financial systems : institutions and markets in the twentieth century by Anglo-American Finance: Financial Markets and Institutions in 20th-Century North America and the U.K( Book )
6 editions published between 1995 and 1996 in English and held by 146 libraries worldwide
Financial crises by Michael D Bordo( Book )
9 editions published in 1992 in English and held by 136 libraries worldwide
Money, sticky wages, and the Great Depression by Michael D Bordo( Book )
17 editions published in 1997 in English and held by 120 libraries worldwide
Abstract: This paper examines the ability of a simple stylized general equilibrium model that incorporates nominal wage rigidity to explain the magnitude and persistence of the Great Depression in the United States. The impulses to our analysis are money supply shocks. The Taylor contracts model is surprisingly successful in accounting for the behavior of major macroaggregates and real wages during the downturn phase of the Depression, i.e., from 1929:3 through mid-1933. Our analysis provides support for the hypothesis that a monetary contraction operating through a sticky wage channel played a significant role in accounting for the downturn, and also provides an interesting refinement to this explanation. In particular, both the absolute severity of the Depression's downturn and its relative severity compared to the 1920-21 recession are likely attributable to the price decline having a much larger unanticipated component during the Depression, as well as less flexible wage-setting practices during this latter period. Another finding casts doubt on explanations for the 1933-36 recovery that rely heavily on the substantial remonetization that began in 1933
Implications of the Great Depression for the development of the international monetary system by Michael D Bordo( Book )
18 editions published in 1997 in English and held by 120 libraries worldwide
In this paper we speculate about the evolution of the international monetary system in the last 2/3 of the 20th century absent the Great Depression but present the major post-Depression political and economic upheavals: WWII and II and the Cold War. We argue that without the Depression the gold-exchange standard of the 1920s would have persisted until the outbreak of WWI. It would have been suspended during the war and for a period of postwar reconstruction before being restored in the first half of the 1950s. The Bretton Woods Conference would not have taken place, and instead of a Bretton Woods System of pegged-but-adjustable exchange rates and restrictions on capital-account convertibility, an unreformed gold-exchange standard of pegged exchange rates and unlimited international capital mobility would have been restored. But this gold-exchange standard would have collapsed even earlier than actually was the case with Bretton Woods. The move toward floating exchange rates that followed would have taken place well before 1971 in our conterfactual We construct a model of the international monetary system from 1928-1971 and simulate its implications for the determination of the world price level and the durability of the hypothetical gold-exchange standard. We then examine, based on regressions for a 61-country panel, the implications for economic growth and resource allocation of allowing 1920s-style international capital mobility after World War II. Based on the implications of our model simula- tions and the capital controls regression we contemplate the implications for institution building and international cooperation of the o Great Depression' scenario
Lessons for EMU from the history of monetary unions by Michael D Bordo( Book )
6 editions published in 2000 in English and held by 118 libraries worldwide
Aggregate price shocks and financial instability : an historical analysis by Michael D Bordo( Book )
15 editions published in 2000 in English and held by 103 libraries worldwide
Abstract: This paper presents empirical evidence on the hypothesis that aggregate price disturbances cause or worsen financial instability. We construct two annual indexes of financial conditions for the United States covering 1790-1997, and estimate the effect of aggregate price shocks on each index using a dynamic ordered probit model. We find that price level shocks contributed to financial instability during 1790-1933, and that inflation rate shocks contributed to financial instability during 1980-97. Our research indicates that the size of the aggregate price shocks needed to substantially alter financial conditions depends on the institutional environment, but that a monetary policy focused on price stability would be conducive to financial stability
Exchange rate regime choice in historical perspective by Michael D Bordo( Book )
17 editions published in 2003 in English and held by 101 libraries worldwide
Abstract: Exchange rate regime choice has evolved considerably in the past 100 years. At the beginning of the twentieth century the choice was obvious - - join the gold standard, all the advanced countries have done it. Floating exchange rates and fiat money are only for profligate countries. At the beginning of the twenty-first century, the choice is also becoming more obvious - - go to floating exchange rates, all the advanced countries have done it. Moreover in both eras, the emerging markets of the day tried to emulate the advanced countries but in many cases had great difficulties in doing so. What happened in the past century to lead to this tour de force? In this paper I survey the issue of exchange rate regime choice from the perspective of both the advanced countries and the emergers taking an historical perspective. I first survey the theoretical issues beginning with a taxonomy of regimes. I then examine the empirical evidence on the delineation of regimes and their macro performance. The penultimate section provides a brief history of monetary regimes in advanced and emerging countries. The conclusion considers the case for managed float for today's emergers
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Alternative Names
Bordo, M. D. 1942-
Bordo, Michael.
Bordo, Michael 1942-
Bordo, Michael D.
Bordo, Michael David
Bordo, Michael David 1942-
English (272)
Italian (2)
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