fbpx
Wikipedia

Barry Eichengreen

April 08, 2024

Barry Julian Eichengreen (born 1952) is an American economist and economic historian who holds the title of George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, where he has taught since 1987.[1][2] Eichengreen currently serves as a research associate at the National Bureau of Economic Research and as a Research Fellow at the Centre for Economic Policy Research.

Barry J. Eichengreen
Eichengreen in 2012
Born1952 (age 71–72)
United States
NationalityAmerican
Academic career
InstitutionUniversity of California, Berkeley
FieldPolitical economics, economic history
Alma materA.B. (1974), University of California, Santa Cruz
M.A. (1976), M.Phil. (1977), M.A. (1978), Ph.D. (1979) Yale University
Information at IDEAS / RePEc
Websiteeml.berkeley.edu/~eichengr

Eichengreen's mother was Lucille Eichengreen, a Holocaust survivor and author.

Career edit

Eichengreen has done research and published widely on the history and current operation of the international monetary and financial system. He received his A.B. from UC Santa Cruz in 1974. an M.A. in economics, an M.Phil. in economics, an M.A. in history, and a Ph.D. in economics from Yale University in New Haven, Connecticut.

He was a senior policy advisor to the International Monetary Fund in 1997 and 1998, although he has since been critical of the IMF. In 1997, he served as a fellow of the American Academy of Arts and Sciences.

Research edit

His best known work is the book Golden Fetters: The Gold Standard and the Great Depression, 1919–1939, Oxford University Press, 1992. In his own book on the Great Depression, Ben Bernanke summarized Eichengreen's thesis as follows:

... [T]he proximate cause of the world depression was a structurally flawed and poorly managed international gold standard... For a variety of reasons, including among others a desire of the Federal Reserve to curb the US stock market boom, monetary policy in several major countries turned contractionary in the late 1920s—a contraction that was transmitted worldwide by the gold standard. What was initially a mild deflationary process began to snowball when the banking and currency crises of 1931 instigated an international "scramble for gold". Sterilization of gold inflows by surplus countries [the USA and France], substitution of gold for foreign exchange reserves, and runs on commercial banks all led to increases in the gold backing of money, and consequently to sharp unintended declines in national money supplies. Monetary contractions in turn were strongly associated with falling prices, output and employment. Effective international cooperation could in principle have permitted a worldwide monetary expansion despite gold standard constraints, but disputes over World War I reparations and war debts, and the insularity and inexperience of the Federal Reserve, among other factors, prevented this outcome. As a result, individual countries were able to escape the deflationary vortex only by unilaterally abandoning the gold standard and re-establishing domestic monetary stability, a process that dragged on in a halting and uncoordinated manner until France and the other Gold Bloc countries finally left gold in 1936.

The main evidence Eichengreen adduces in support of this view is the fact that countries that abandoned the gold standard earlier saw their economies recover more quickly.

His recent books include Global Imbalances and the Lessons of Bretton Woods (MIT Press 2006), The European Economy Since 1945 (Princeton University Press 2007), Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System (Oxford University Press 2011), The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era (Oxford University Press 2018),[3] and In Defense of Public Debt (Oxford University Press 2021).

His most cited paper is Bayoumi and Eichengreen "Shocking Aspects of European Monetary Unification" (1993) which argued that the European Union was less suitable as a Single Currency Area than the United States. This diagnosis was confirmed[by whom?] in 2011 when external shocks caused the Eurozone Crisis.

He has been President of the Economic History Association (2010–2011). In addition to this, he is a non-resident Senior Fellow at the Centre for International Governance Innovation and a regular contributor to Project Syndicate since 2003. He was convener of the Bellagio Group from 2008-2020.

Publications edit

  • Elusive Stability: Essays in the History of International Finance 1919–1939. Cambridge University Press, 1990 ISBN 0-521-36538-4
  • Golden Fetters: The Gold Standard and the Great Depression, 1919–1939. Oxford University Press, 1992, ISBN 0-19-510113-8
  • International Monetary Arrangements for the 21st Century. Brookings Institution Press, 1994, ISBN 0-8157-2276-1
  • Reconstructing Europe's Trade and Payments: The European Payments Union. University of Michigan Press, 1994, ISBN 0-472-10528-0
  • Globalizing Capital: A History of the International Monetary System. Princeton University Press, 1996, ISBN 0-691-02880-X; 2. Auflage ebd. 2008, ISBN 0-691-13937-7
    • Vom Goldstandard zum EURO. Die Geschichte des internationalen Währungssystems. Wagenbach, Berlin 2000, ISBN 3-8031-3603-2
  • European Monetary Unification: Theory, Practice, Analysis. The MIT Press, 1997 ISBN 0-262-05054-4
  • with José De Gregorio, Takatoshi Ito & Charles Wyplosz: An Independent and Accountable IMF. Centre for Economic Policy Research, 1999, ISBN 1-898128-45-6
  • Toward A New International Financial Architecture: A Practical Post-Asia Agenda. Institute for International Economics, 1999, ISBN 0-88132-270-9
  • Financial Crises and What to Do About Them. Oxford University Press, 2002, ISBN 0-19-925743-4
  • with Erik Berglöf, Gérard Roland, Guido Tabellini & Charles Wyplosz: Built to Last: A Political Architecture for Europe. CEPR, 2003, ISBN 1-898128-64-2
  • Capital Flows and Crises. The MIT Press, 2004, ISBN 0-262-55059-8
  • Global Imbalances and the Lessons of Bretton Woods. The MIT Press, 2006, ISBN 0-262-05084-6
  • The European Economy Since 1945: Co-ordinated Capitalism and Beyond. Princeton University Press, 2008, ISBN 0-691-13848-6
  • Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System, Oxford University Press, New York 2010 ISBN 978-0-19-975378-9
  • with Dwight H. Perkins and Kwanho Shin: From Miracle to Maturity: The Growth of the Korean Economy, Harvard University Asia Center. 2012, ISBN 978-0674066755
  • Hall of Mirrors: The Great Depression, The Great Recession, and the Uses-and Misuses-of History, Oxford University Press, New York 2015 ISBN 978-0-19-939200-1
  • How Global Currencies Work: Past, Present, and Future 2017
  • The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era, Oxford University Press, New York 2018
  • In Defense of Public Debt, Oxford University Press, New York 2021

References edit

  1. ^ . Congressional Testimony. 14 September 1998. Archived from the original on 7 March 2016. Retrieved 1 February 2015 – via Highbeam.
  2. ^ . Analyst Wire. 8 April 2011. Archived from the original on 13 April 2016. Retrieved 1 February 2015 – via Highbeam.
  3. ^ Sonin, Konstantin (2022). "The Historical Perspective on the Donald Trump Puzzle: A Review of Barry Eichengreen's The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era". Journal of Economic Literature. 60 (3): 1029–1038. doi:10.1257/jel.20201514. ISSN 0022-0515.

External links edit

 
Wikiquote has quotations related to Barry Eichengreen.

April 08, 2024
barry, eichengreen, this, biography, living, person, needs, additional, citations, verification, please, help, adding, reliable, sources, contentious, material, about, living, persons, that, unsourced, poorly, sourced, must, removed, immediately, from, article. This biography of a living person needs additional citations for verification Please help by adding reliable sources Contentious material about living persons that is unsourced or poorly sourced must be removed immediately from the article and its talk page especially if potentially libelous Find sources Barry Eichengreen news newspapers books scholar JSTOR February 2015 Learn how and when to remove this template message Barry Julian Eichengreen born 1952 is an American economist and economic historian who holds the title of George C Pardee and Helen N Pardee Professor of Economics and Political Science at the University of California Berkeley where he has taught since 1987 1 2 Eichengreen currently serves as a research associate at the National Bureau of Economic Research and as a Research Fellow at the Centre for Economic Policy Research Barry J EichengreenEichengreen in 2012Born1952 age 71 72 United StatesNationalityAmericanAcademic careerInstitutionUniversity of California BerkeleyFieldPolitical economics economic historyAlma materA B 1974 University of California Santa CruzM A 1976 M Phil 1977 M A 1978 Ph D 1979 Yale UniversityInformation at IDEAS RePEcWebsiteeml berkeley edu eichengrEichengreen s mother was Lucille Eichengreen a Holocaust survivor and author Contents 1 Career 2 Research 3 Publications 4 References 5 External linksCareer editEichengreen has done research and published widely on the history and current operation of the international monetary and financial system He received his A B from UC Santa Cruz in 1974 an M A in economics an M Phil in economics an M A in history and a Ph D in economics from Yale University in New Haven Connecticut He was a senior policy advisor to the International Monetary Fund in 1997 and 1998 although he has since been critical of the IMF In 1997 he served as a fellow of the American Academy of Arts and Sciences Research editHis best known work is the book Golden Fetters The Gold Standard and the Great Depression 1919 1939 Oxford University Press 1992 In his own book on the Great Depression Ben Bernanke summarized Eichengreen s thesis as follows T he proximate cause of the world depression was a structurally flawed and poorly managed international gold standard For a variety of reasons including among others a desire of the Federal Reserve to curb the US stock market boom monetary policy in several major countries turned contractionary in the late 1920s a contraction that was transmitted worldwide by the gold standard What was initially a mild deflationary process began to snowball when the banking and currency crises of 1931 instigated an international scramble for gold Sterilization of gold inflows by surplus countries the USA and France substitution of gold for foreign exchange reserves and runs on commercial banks all led to increases in the gold backing of money and consequently to sharp unintended declines in national money supplies Monetary contractions in turn were strongly associated with falling prices output and employment Effective international cooperation could in principle have permitted a worldwide monetary expansion despite gold standard constraints but disputes over World War I reparations and war debts and the insularity and inexperience of the Federal Reserve among other factors prevented this outcome As a result individual countries were able to escape the deflationary vortex only by unilaterally abandoning the gold standard and re establishing domestic monetary stability a process that dragged on in a halting and uncoordinated manner until France and the other Gold Bloc countries finally left gold in 1936 The main evidence Eichengreen adduces in support of this view is the fact that countries that abandoned the gold standard earlier saw their economies recover more quickly His recent books include Global Imbalances and the Lessons of Bretton Woods MIT Press 2006 The European Economy Since 1945 Princeton University Press 2007 Exorbitant Privilege The Rise and Fall of the Dollar and the Future of the International Monetary System Oxford University Press 2011 The Populist Temptation Economic Grievance and Political Reaction in the Modern Era Oxford University Press 2018 3 and In Defense of Public Debt Oxford University Press 2021 His most cited paper is Bayoumi and Eichengreen Shocking Aspects of European Monetary Unification 1993 which argued that the European Union was less suitable as a Single Currency Area than the United States This diagnosis was confirmed by whom in 2011 when external shocks caused the Eurozone Crisis He has been President of the Economic History Association 2010 2011 In addition to this he is a non resident Senior Fellow at the Centre for International Governance Innovation and a regular contributor to Project Syndicate since 2003 He was convener of the Bellagio Group from 2008 2020 Publications editElusive Stability Essays in the History of International Finance 1919 1939 Cambridge University Press 1990 ISBN 0 521 36538 4 Golden Fetters The Gold Standard and the Great Depression 1919 1939 Oxford University Press 1992 ISBN 0 19 510113 8 International Monetary Arrangements for the 21st Century Brookings Institution Press 1994 ISBN 0 8157 2276 1 Reconstructing Europe s Trade and Payments The European Payments Union University of Michigan Press 1994 ISBN 0 472 10528 0 Globalizing Capital A History of the International Monetary System Princeton University Press 1996 ISBN 0 691 02880 X 2 Auflage ebd 2008 ISBN 0 691 13937 7 Vom Goldstandard zum EURO Die Geschichte des internationalen Wahrungssystems Wagenbach Berlin 2000 ISBN 3 8031 3603 2 European Monetary Unification Theory Practice Analysis The MIT Press 1997 ISBN 0 262 05054 4 with Jose De Gregorio Takatoshi Ito amp Charles Wyplosz An Independent and Accountable IMF Centre for Economic Policy Research 1999 ISBN 1 898128 45 6 Toward A New International Financial Architecture A Practical Post Asia Agenda Institute for International Economics 1999 ISBN 0 88132 270 9 Financial Crises and What to Do About Them Oxford University Press 2002 ISBN 0 19 925743 4 with Erik Berglof Gerard Roland Guido Tabellini amp Charles Wyplosz Built to Last A Political Architecture for Europe CEPR 2003 ISBN 1 898128 64 2 Capital Flows and Crises The MIT Press 2004 ISBN 0 262 55059 8 Global Imbalances and the Lessons of Bretton Woods The MIT Press 2006 ISBN 0 262 05084 6 The European Economy Since 1945 Co ordinated Capitalism and Beyond Princeton University Press 2008 ISBN 0 691 13848 6 Exorbitant Privilege The Rise and Fall of the Dollar and the Future of the International Monetary System Oxford University Press New York 2010 ISBN 978 0 19 975378 9 with Dwight H Perkins and Kwanho Shin From Miracle to Maturity The Growth of the Korean Economy Harvard University Asia Center 2012 ISBN 978 0674066755 Hall of Mirrors The Great Depression The Great Recession and the Uses and Misuses of History Oxford University Press New York 2015 ISBN 978 0 19 939200 1 How Global Currencies Work Past Present and Future 2017 The Populist Temptation Economic Grievance and Political Reaction in the Modern Era Oxford University Press New York 2018 In Defense of Public Debt Oxford University Press New York 2021References edit World Economic Crises Barry Eichengreen Congressional Testimony 14 September 1998 Archived from the original on 7 March 2016 Retrieved 1 February 2015 via Highbeam Barry Eichengreen University Of Pennsylvania Analyst Wire 8 April 2011 Archived from the original on 13 April 2016 Retrieved 1 February 2015 via Highbeam Sonin Konstantin 2022 The Historical Perspective on the Donald Trump Puzzle A Review of Barry Eichengreen s The Populist Temptation Economic Grievance and Political Reaction in the Modern Era Journal of Economic Literature 60 3 1029 1038 doi 10 1257 jel 20201514 ISSN 0022 0515 External links edit nbsp Wikiquote has quotations related to Barry Eichengreen Barry Eichengreen at the University of California at Berkeley Column archive at Project Syndicate Column archive at The Guardian Barry Eichengreen at The Economist Barry Eichengreen at East Asia Forum Appearances on C SPAN Barry Eichengreen in the Editorial Board of Financial History Review The Use and Abuse of Monetary History April 2013 A guest commentary about the US Federal Reserve System and the European Central Bank s monetary policies 1 at CFO Insight Roberts Russ June 6 2011 Eichengreen on the Dollar and International Finance EconTalk Library of Economics and Liberty Works by or about Barry Eichengreen at Internet Archive Retrieved from https en wikipedia org w index php title Barry Eichengreen amp oldid 1217175124, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.