The mother of all sudden stops: Capital flows and reversals in Europe, 1919-1932 by Olivier Accominotti and Barry Eichengreen Appeared originally at Voxeu.org 14 September 2013 From 2001 to 2008, half of Europe received capital inflows from the other half and beyond. In 2009, that stopped, capital accounts switched signs and a crisis occurred. This …
Tag Archives: Barry Eichengreen
A Tale of Two Recessions: Still not Finished?
by Barry Eichengreen and Kevin H O’Rourke, from Voxeu The debate over stimulus versus austerity continues unabated. This article shows that, while industrial production and trade recovered much more quickly than during the Great Depression, both series now appear to be slowing down. It suggests that, as St Augustine would have said had he been …
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Right-wing Extremism and the Great Depression
by Alan de Bromhead, Barry Eichengreen and Kevin H O’Rourke at Voxeu The enduring global crisis is giving rise to fears that economic hard times will feed political extremism, as it did in the 1930s. This column suggests that the danger of political polarisation and extremism is greatest in countries with relatively recent histories of …
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The G-20 and Global Imbalances
Global imbalances remain a key issue for G20 leaders. This column evaluates the progress made by G20 leaders in the run up to their Cannes summit this November, concluding that the G20 process is unlikely to protect us from the risks posed by disorderly unwinding of imbalances.