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Photograph of Barry Eichengreen Barry Eichengreen
George C. Pardee and Helen N. Pardee
Professor of Economics and Political Science


University of California, Berkeley
Department of Economics
508-1 Evans Hall, MC #3880
Berkeley, CA 94720-3880
Telephone: 510.642.2772
Facsimile: 510.643.0926
Email: eichengr@econ.berkeley.edu
Follow me on Twitter: B_Eichengreen

Updated 2 September 2014

POLICY PAPERS
 

Yellow bear paw "The Eurozone Crisis: The Theory of Optimum Currency Areas Bites Back," Notenstein Academy White Paper (May 2014).

Yellow bear paw "Rethinking Central Banking" (with Eswar Prasad and Raghuram Rajan), in Deepak Mohanty (ed.), Monetary Policy, Sovereign Debt and Financial Stability: The New Trilemma, Reserve Bank of India, 2014.

Yellow bear paw "Strengthening the International Financial Architecture: The Unanswered Questions," in Ali al Sakik (ed.), The Global Crisis and its Economic Implications for Dubai, London: Palgrave, 2013.

Yellow bear paw "Currency Wars: Perception and Reality," DWS Institute White Paper, (Frankfurt: Deutsche Bank, May 2013).

Yellow bear paw "The Crisis of European Capitalism," Current History (November 2013).


Yellow bear paw "Shinzo Abe's Excellent Adventure," Milken Review (Autumn 2013).


Yellow bear paw "Number One Country, Number One Currency?," The World Economy (April 2013).


Yellow bear paw "Currency Wars: Perception and Reality," DWS Institute White Paper, (Frankfurt: Deutsche Bank, May 2013).

Yellow bear paw "Lessons of the Europe Crisis for Monetary Integration and Cooperation in Latin America," Papers and Proceedings of the 7th Conference on Economic Studies, Fondo Latinoamericano de Reservas, Bogata: FLAR (July 2013).

Yellow bear paw "When Currencies Collapse,", Foreign Affairs, January/February 2012.

Yellow bear paw "The Once and Future Dollar," American Interest (May/June 2012).

Yellow bear paw "Escaping the Middle Income Trap," in Federal Reserve Bank of Kansas City, Achieving Maximum Long Run Growth (2012).

Yellow bear paw "Is the Age of Dollar Dominance Coming to an End?" Global Financial Institute White Paper, Frankfurt: Deutsche Bank (2012).

Yellow bear paw "Monetary Policy and Financial Stability," in Liu Shiyu (ed), Monitoring and Managing Financial Stability, International Monetary Fund and People's Bank of China, 2012.

Yellow bear paw "Asia's Role in the Post Crisis Global Economy: Closing Remarks," in Reuven Glick and Mark Spiegel (eds.), Asia's Role in the Post-Crisis Global Economy, San Francisco: Federal Reserve Bank of San Francisco (2012).

Yellow bear paw "Banks and Cross Border Capital Flows: Policy Challenges and Regulatory Responses" Second report of the Committee on International Monetary Policy and Reform (Funded by Sloan Foundation and published by Brookings Institution), September 2012.

Yellow bear paw "Rethinking Central Banking." A report from the Brookings Committee on International Economic Policy and Reform, September 2011.

Yellow bear paw "Public Debts: Nuts, Bolts and Worries." The 13th CEPR/ICMB Geneva Report on the World Economy, 16 September 2011.

Yellow bear paw "What Kind of Economic and Financial Leadership Does the World Expect of China? Lessons from Two Historical Episodes, " In Medium- and Long-term Development and Transformation Of the Chinese Economy, Cairncross Economic Research Foundation, 2011.

Yellow bear paw "The Euro's Never-Ending Crisis," Current History, March 2011.

Yellow bear paw "Business Cycle Behaviour in Historical Perspective: Introduction" (with Michael Artis and George Chouliarakis), The Manchester School (March 2011).

Yellow bear paw "Reforming the International Architecture, 2011 Edition." Keynote address delivered to the annual research conference of the Bank of Korea, Seoul, 26 May 2011.

Yellow bear paw "The Renminbi as an International Currency." January 2011.

Yellow bear paw "The International Financial Architecture and the Role of Regional Funds." Prepared for the fifth annual FLAR (Latin American Reserve Fund) economic studies annual conference, Cartagena, Colombia, August, 2010.

Yellow bear paw "Globalization and the Crisis." Text of presentation at the Ninth Munich Economic Summit, "The Financial Crisis: The Way Forward," 29 April 2010.

Yellow bear paw "Managing a Multiple Reserve Currency World." Prepared for the Asian Development Bank Institute/Earth Institute project on "Reform of the Global Monetary System" and in the project volume The 21st Century International Monetary System, ed. Wing Thye Woo (Asian Development Bank 2010). This version April 2010.

Yellow bear paw "Managing Openness: Lessons from the Crisis for Emerging Markets." Prepared for the World Bank Conference on Managing Openness, May 10, 2010. Appears in Managing Openness: Trade and Outward-Oriented Growth After the Crisis, Mona Haddad and Ben Shepherd, eds., World Bank Publications, 2011. This version May 2010.

Yellow bear paw "Mr. Bernanke Goes to War." The National Interest, 16 December 2010.

Yellow bear paw "The Crisis in Financial Innovation." Lecture given on receipt of the Schumpter Prize, Vienna, January 20, 2010. A revision will be published by the Austrian National Bank in its occasional paper series.

Yellow bear paw "Fortifying the Financial Architecture: Unanswered Questions." Current History, January 2010, vol. 109, issue 723, p. 17.

Yellow bear paw "The G-20 and the IMF: An Uneasy Relationship." Global Asia, September 2010.

Yellow bear paw "The Dollar Dilemma: The World's Top Currency Faces Competition." Foreign Affairs.com, September/October 2009.

Yellow bear paw "Financial Re-regulation, Yes. But..." Europe's World, Summer 2009.

Yellow bear paw "The Global Credit Crisis as History." An edited version will appear in Current History, January 2009.

Yellow bear paw "The Last Temptation of Risk," The National Interest Online, 28 April 2009.

Yellow bear paw "Viewpoint: Stress Test for the Euro," Finance and Development, IMF.org, June 2009.

Yellow bear paw "The Crisis and the Euro," April 2009. An edited version is forthcoming in a publication from the Royal Elcano Institute in Madrid.

Yellow bear paw "Should There Be a Coordinated Response to the Problem of Global Imbalances? Can There Be One?" Background paper, United Nations Department of Economic and Social Affairs, published as Working Paper 69, September 2008.

Yellow bear paw "Globalization, Financial Markets and Climate Change," Speech to the Bank Indonesia Annual Conference, Bali, 2 August 2008.

Yellow bear paw "Asia and the Decoupling Myth," with Yung Chul Park. May 2008.

Yellow bear paw "The Cautious Case for Capital Flows." Presented to Rating Agency Malaysia's conference on "Free Capital Mobility: What's in Store for Asia?" held in Singapore, 1 August 2007.

Yellow bear paw "Brazil and the Subprime Crisis." Prepared for the National Association of Financial Market Institutions (ADMIMA) and Custody and Settlement Chamber (CETIP) Second International Seminar on Fixed Income Markets, Sao Paolo, 25 October 2007.

Yellow bear paw "The Asian Crisis After Ten Years." Keynote address delivered to a Singapore National University/SCAPE conference held in Singapore, 31 July 2007.

Yellow bear paw "The Korean Economy: Higher Costs, Slower Growth, Freer Trade--and the Way Forward." Presented to the KOTRA symposium on "Korea's Foreign Investment Inducement Since the Financial Crisis," Seoul, 20 June 2007.

Yellow bear paw "The Real Exchange Rate and Economic Growth." Delivered to the 8th annual conference of the W. Arthur Lewis Institute for Social and Economic Studies, Port of Spain, 27 March 2007.

Yellow bear paw "The Development of Asian Bond Markets," BIS Papers No. 30, Asian Bond Markets: Issues and Prospects, November 2006.

Yellow bear paw "China's Exchange Rate Regime: The Long and Short of It." Revision of a paper for Columbia University's conference on Chinese money and finance held in New York on February 2-3, 2006. Updated July 2006.

Yellow bear paw "Debt Instruments and Policies in the New Millennium: New Markets and New Opportunities," (with Eduardo Borensztein and Ugo Panizza), Inter-American Development Bank, RES Working Paper 4456, April 2006.

Yellow bear paw "Global Imbalances: The New Economy, the Dark Matter, the Savvy Investor, and the Standard Analysis," The Journal of Policy Modeling, Volume 28, Issue 6, September 2006, Pages 645-652.

Yellow bear paw "Global Imbalances: Implications for Emerging Asia," (with Yung Chul Park). Presented to the IADB Annual Meetings Seminar, Madrid, 15-16 May 2006.

Yellow bear paw "The Parallel Currency Approach to Asian Monetary Integration," Appears in American Economic Review, Vol. 96, Issue 2, May 2006.

Yellow bear paw "Europe, the Euro and the ECB: Monetary Success, Fiscal Failure." An edited version appears in The Journal of Policy Modeling, Volume 27, Issue 4, June 2005, Pages 427-439.

Yellow bear paw "Capital Account Liberalization and the Fund," Prepared for the High Level Seminar on Capital Account Liberalization and the IMF, held at the Swiss Ministry of Finance and convened jointly by the Finance Ministries of Belgium, the Netherlands, Sweden and Switerland, Bern, 12 December 2005.

Yellow bear paw "Can Emerging Markets Float? Should They Inflation Target?" 2002. Revised version in Exchange Rates, Capital Flows and Policy by Rebecca Driver, Christoph Thoenissen and Peter Sinclair (eds.) Routledge, 2005.

Yellow bear paw "The Blind Men and the Elephant." Presented to the Tokyo Club Conference on International Capital Flows, Kyoto, November 21-22, 2005. Also in Issues in Economic Policy, January 2006.

Yellow bear paw "The Dollar and the New Bretton Woods System," text of the Henry Thornton Lecture, delivered at the Cass School of Business, 15 December 2004.

Yellow bear paw "The Dollar and the Policy Mix Redux" (with Yung Chul Park), for presentation at the Korean Development Institute, 23 March 2004. A shortened version appears in Current History, December 2004.

Yellow bear paw "Financial Development in Asia: The Way Forward," inaugural lecture delivered on behalf of the Institute of South East Asian Studies, Singapore, 14 January 2004. Published as IEAS Occasional Paper, October 2004.

Yellow bear paw "Financial Instability," written on behalf of the Copenhagen Consensus, presented in Copenhagen on 25-28 May 2004.

Yellow bear paw "Monetary and Exchange Rate Policy in Korea: Assessments and Policy Issues," prepared for a symposium at the Bank of Korea, 25 August 2004. Revised version appears as CEPR Discussion Paper 4676, October 2004.

Yellow bear paw "Real and Pseudo Preconditions for an Asian Monetary Union," for presentation to the Asian Development Bank High-Level Conference on Asia's Economic Cooperation and Integration, Manila, 1-2 July, 2004. Revised version appears in Asian Economic Cooperation and Integration: Progress, Prospects, and Challenges, Asian Development Bank, 2005.

Yellow bear paw "Strengthening the International Financial Architecture: 2004," plenary address to 3rd Annual PECC Finance Conference, Sheraton Santiago Hotel and Conference Center, Santiago, Chile, 21 June 2004.

Yellow bear paw "The Unintended Consequences of the Asian Bond Fund," lecture at the Institute of East Asian Studies, Singapore, January 2004.

Yellow bear paw "Sustainable Regimes of Capital Movements in Accession Countries" (with David Begg, László Halpern, Jürgen von Hagen, and Charles Wyplosz), revised version published as CEPR Policy Paper 10, March 2003.

Yellow bear paw "The Consequences of Saying No: An Independent Report into the Economic Consequences of the UK Saying No to the Euro" (with David Begg, Olivier Blanchard, Diane Coyle, Jeffrey Frankel, Francesco Giavazzi, Richard Portes, Paul Seabright, Anthony Venables, L Alan Winters and Charles Wyplosz), a report for Britain in Europe, 2003.

Yellow bear paw "Institutions for Fiscal Stability," paper prepared for the Munich Economic Summit, 2-3 May 2003. Revised version in CES-Ifo Economic Studies (2004).

Yellow bear paw "Crisis Resolution: Why We Need a Krueger-Like Process to Obtain a Taylor-Like Result," April 2002. Prepared for the Institute for International Economics Conference on Sovereign Debt Workouts: Hopes and Hazards. These remarks draw on my book, Financial Crises and What to Do About Them, Oxford University Press.

Yellow bear paw "Lessons of the Euro for the Rest of the World," delivered under the auspices of the Austrian Marshall Plan Foundation, Vienna, 4 December 2002.

Yellow bear paw "What Macroeconomic Measures are Needed for Free Trade to Flourish in the Western Hemisphere?" prepared for the Organization of American States/NetAmericas Research Network on Trade in the Americas Conference on "Integrating the Americas," Washington, DC, 21 - 22 November 2002. Revised version published in Latin American Politics and Society (2004).

Yellow bear paw "Crisis Prevention and Management: Any New Lessons from Argentina and Turkey?" October 2001. Background paper written for the World Bank's Global Development Finance 2002.

Yellow bear paw "Managing Financial Crises," November 2001. Lecture delivered on the occasion of the award of the Felix Neubergh Prize, Goteborg University, 13 November 2001. A revised version appears in pamphlet form by the Felix Neubergh Foundation.

Yellow bear paw "Solving the Currency Conundrum," preliminary version, March 2001. Prepared for the Council on Foreign Relations Study Group on Economic and Financial Development. A revised version appears in Economic Notes, 2001.

Yellow bear paw "Strengthening the International Financial Architecture: Open Issues, Asian Concerns," prepared for the IMF/KIEP Conference on the Korean Crisis and Recovery, Seoul, 18 - 19 May 2001. Revised version published in Korean Crisis and Recovery, David T. Coe and Kim Se-Jik (eds.), 2002. Seoul: International Monetary Fund and Korea Institute for International Economic Policy.

Yellow bear paw "What Problems Can Dollarization Solve?" prepared for an ASSA panel on dollarization chaired by Dominick Salvatore, January 2001. A revised version appears in The Journal of Policy Modeling, 2001.

Yellow bear paw "The Euro One Year On," preliminary version, February 2000. A revised version appears in The Journal of Policy Modeling, 2000.

Yellow bear paw "Will EMU Work?" preliminary draft. A revised version appears (in Norwegian) in Arne Jon Isachsen and Ole Bjorn Roste (eds.), Euroen og den norske kronens skjebne, 2000.

Yellow bear paw "Capital Controls: Capital Idea or Capital Folly?" November 1998. Revised version appears in Milken Review, 1999.

Yellow bear paw "Strengthening the Common Financial House," remarks delivered at the World Bank/Japanese Ministry of Finance Conference on Global Finance and Development, 2 March 1999.

Yellow bear paw "Strengthening the International Financial Architecture: Where Do We Stand?" preliminary version, October 1999. Prepared for the East-West Center Workshop on International Monetary and Financial Reform, Honolulu, 1 - 2 October 1999. A revised version appears in ASEAN Economic Review, 2000.

Yellow bear paw "Taming Capital Flows," preliminary version, September 1999. A revised version appears in a special issue of World Development, June 2000, edited by Irma Adelman.

Yellow bear paw "EMU: The Road Ahead," preliminary draft. A revised version appears in NIRA Review, Spring 1998, National Institute for Research Advancement, Tokyo. Revised and updated version in Harmen Lehment (ed.), Challenges for Highly Developed Countries in the Global Economy, 1998, Kiel Institute of World Economics.

Yellow bear paw "The Only Game in Town," preliminary draft. A revised version appears in The World Today, November 1998.

Yellow bear paw "Will the Asian Phoenix Rise Again?" preliminary draft October 1998. A revised version appears in Global Emerging Markets, London: Deutsche Morgan Grenfell, November 1998. Also appears in Financial Times Currency Forecaster, December 1998.

Yellow bear paw "International Monetary Arrangements: Is There a Monetary Union in Asia's Future?" preliminary draft. A revised version appears in Brookings Review, March/April 1997.

Yellow bear paw "Europe's Role in International Financial Markets After EMU," preliminary draft. A revised version appears in Borsen-Zeitung, 28 October 1997. (The web version here of this paper is in English; published version is in German.)

Yellow bear paw "The Tyranny of the Financial Markets," Current History, November 1997.

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