WorldCat Identities

Taylor, Alan M. 1964-

Overview
Works: 149 works in 1,059 publications in 4 languages and 12,089 library holdings
Genres: History  Conference proceedings  Study guides 
Roles: Editor, Creator, cnm
Classifications: HF1418.5, 337
Publication Timeline
Key
Publications about  Alan M Taylor Publications about Alan M Taylor
Publications by  Alan M Taylor Publications by Alan M Taylor
Most widely held works by Alan M Taylor
Globalization in historical perspective by Michael D Bordo ( )
26 editions published between 2003 and 2007 in English and held by 1,837 WorldCat member 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
Straining at the anchor the Argentine Currency Board and the search for macroeconomic stability, 1880-1935 by Gerardo Della Paolera ( )
14 editions published in 2001 in English and held by 1,458 WorldCat member libraries worldwide
"The "Argentine disappointment" - why Argentina persistently failed to achieve sustained economic stability during the twentieth century - is an issue that has mystified scholars for decades. In Straining at the Anchor, Gerardo della Paolera and Alan M. Taylor provide many of the missing links that help explain this important historical episode. Written chronologically, this book follows the various fluctuations of the Argentine economy from its postrevolutionary volatility to a period of unprecedented prosperity to a dramatic decline from which the country has never fully recovered
The new comparative economic history essays in honor of Jeffrey G. Williamson ( )
11 editions published in 2007 in English and held by 1,227 WorldCat member libraries worldwide
Essays by internationally prominent economists examine long run cross-country economic trends from the perspective of New Comparative Economic History, an approach pioneered by Harvard economist Jeffrey G. Williamson
Global capital markets integration, crisis, and growth by Maurice Obstfeld ( )
31 editions published between 2003 and 2008 in English and held by 920 WorldCat member libraries worldwide
Shows that the recent globalization can be seen, in part, as the resumption of a liberal world order that had previously been established in the years 1880 1914, but also points out that much is different in terms of its causes and consequences
Latin America and the world economy since 1800 ( Book )
9 editions published between 1998 and 1999 in English and Undetermined and held by 553 WorldCat member libraries worldwide
"The Latin American economies, once among the most productive in the world, were already falling behind the advancing economies of the North Atlantic by 1800. A century later, nearly all were "underdeveloped." In the twentieth century, most grew respectably but none managed to catch up. What explains these trends? How important were Latin America's changing relations with the evolving global economy? What hypotheses should be rejected or modified?" "The fifteen essays in this volume apply the methods of the New Economic History to the history of the Latin American economies since 1800. The authors combine the historian's sensitivity to context and contingency with modern or "neoclassical" economic theory and quantitative methods."--Jacket
International economics by Robert C Feenstra ( Book )
33 editions published between 1465 and 2014 in 4 languages and held by 360 WorldCat member libraries worldwide
The international economy has seen a great deal of change over recent years, and there is much talk in the media of the impact of emerging markets such as India and China. Giving a new perspective on International Economics in the age of globalisation, this engaging text addresses economics with a whole-world perspective, including developing countries and puts emphasis on empirical study. With its many examples pulled from today's headlines, Feenstra/Taylor will be the ideal book for instructors looking for a fresh, up-to-date approach to international economics. KEY FEATURES * Offers a better fit to modern IE modules -- reflects the current emphasis on the role of developing economies * Takes a whole world perspective and includes developing countries * Includes empirical evidence throughout -- helps students understand the models * Includes reference to popular news stories -- engaging for students
A new economic history of Argentina ( Book )
11 editions published in 2003 in English and held by 290 WorldCat member libraries worldwide
"Scholars, policymakers, and laymen alike have been struck by the Argentine puzzle: why has this country of recent European settlement and rich endowments stagnated economically for so long? The answers will not arrive from an examination of the last week's newspapers, the last year's policy choices, or the last decade's economic trends. A longer view is needed, and these essays present a state-of-the-art examination of the development record by today's leading specialists in Argentine economic history. The authors expose the historic dimension of the Argentine puzzle - and, it is hoped, provide some of the answers."--Jacket
Globalization in an age of crisis : multilateral economic cooperation in the twenty-first century ( Book )
7 editions published in 2014 in English and held by 186 WorldCat member libraries worldwide
Along with its painful economic costs, the financial crisis of 2008 raised concerns over the future of international policy making. As in recessions past, new policy initiatives emerged, approaches that placed greater importance on protecting national interests than promoting international economic cooperation. Whether in fiscal or monetary policies, the control of currencies and capital flows, the regulation of finance, or the implementation of protectionist policies and barriers to trade, there has been an almost worldwide trend toward the prioritizing of national economic security. But ...
The Economics of transformation : theory and practice in the new market economies by Alfred Schipke ( Book )
8 editions published in 1994 in English and held by 172 WorldCat member libraries worldwide
The New Market Economies of Eastern Europe have been experiencing fundamental systemic changes over recent years. Nevertheless, the field of Economic Transformation is still in its infancy and some important policy questions have been neglected altogether. "The Economics of Transformation" addresses these deficiencies with coverage of theoretical and empirical issues and presents new results which challenge conventional wisdom. The book covers traditional topics such as price liberalization, privatization, and the reform of trade and financial markets. Political economy issues inform the discussion oftransformation and the question of who is likely to lose. It is a valuable source for both academics and policymakers
International trade by Robert C Feenstra ( Book )
15 editions published between 2008 and 2014 in English and held by 155 WorldCat member libraries worldwide
Nonlinear aspects of goods-market arbitrage and adjustment : Heckscher's commodity points revisited by Maurice Obstfeld ( Book )
23 editions published in 1997 in English and held by 119 WorldCat member libraries worldwide
Abstract: We propose that analysis of purchasing power parity (PPP) and the law of one price (LOOP) should explicitly take into account the possibility of commodity points' thresholds delineating a region of no central tendency among relative prices, possibly due to lack of perfect arbitrage in the presence of transaction costs and uncertainty. More than eighty years ago, Heckscher stressed the importance of such incomplete arbitrage in the empirical application of PPP. We devise an econometric method to identify commodity points. Price adjustment is treated as a nonlinear process, and a threshold autoregression (TAR) offers a parsimonious specification within which both thresholds and adjustment speeds are estimated by maximum likelihood methods. Our model performs well using post-1980 data reasonable: adjustment outside the thresholds might imply half-lives of price deviations measured in months rather than years and the thresholds correspond to popular rough estimates as to the order of magnitude of actual transport costs. The estimated commodity points appear to be positively related to objective measures of market segmentation, notably nominal exchange rate volatility
International macroeconomics by Robert C Feenstra ( Book )
20 editions published between 2007 and 2014 in English and held by 117 WorldCat member libraries worldwide
The Great Depression as a watershed : international capital mobility over the long run by Maurice Obstfeld ( Book )
19 editions published between 1997 and 1999 in English and held by 117 WorldCat member libraries worldwide
This paper surveys the evolution of international capital mobility since the late nineteenth century. We begin with an overview of empirical evidence on the fall and rise of integration in the global capital market. A discussion of institutional developments focuses on the use of capital controls and the pursuit of domestic macroeconomic policy objectives in the context of changing monetary regimes. A fundamental macroeconomic policy trilemma has forced policymakers to trade off among conflicting goals. The natural implication of the trilemma is that capital mobility has prevailed and expanded under circumstances of widespread political support either for an exchange-rate subordinated monetary policy regime (e.g., the gold standard), or for a monetary regime geared mainly toward domestic objectives at the expense of exchange-rate stability (e.g., the recent float). Through its effect on popular attitudes toward both the gold standard and the legitimate scope for government macroeconomic intervention, the Great Depression emerges as the key turning point in the recent history of international capital markets
Economic recovery from the Argentine great depression : institutions, expectations and the change of macroeconomic regime by Gerardo Della Paolera ( Book )
15 editions published between 1998 and 2000 in English and held by 100 WorldCat member libraries worldwide
This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made any contribution to the recovery. In particular, we study Argentine macroeconomic policy as it deviated from gold-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and had little power to smooth output. Monetary policy became heterodox after 1929. The first and most important stage of institutional change took place with the switch from a metallic monetary regime to a fiduciary regime in 1931; the Caja de Conversion (Conversion Office, a currency board) began rediscounting as a means to sterilize gold outflows and avoid deflationary pressures, thus breaking from orthodox game. and were not enough to fully offset the incipient monetary contractions: the recovery derived from changes in beliefs and expectations surrounding the shift in the monetary and exchange-rate regime, and the delinking of gold flows and the money base. Agents perceived a new regime, as shown by the path of consumption, investment, and estimated ex ante real interest rates: the predated a later, and supposedly more significant, stage of institutional reform, namely the creation of the central bank in 1935. Still, the extent of intervention was weak, and insufficient to fully offset external shocks to prices and money. Argentine macropolicy was heterodox in terms of the change of regime, but still conservative in terms of the tentative scope of the measures taken
Sovereign risk, credibility and the gold standard : 1870-1913 versus 1925-31 by Maurice Obstfeld ( Book )
15 editions published between 2002 and 2003 in English and held by 93 WorldCat member libraries worldwide
Abstract: What determines sovereign risk? We study the London bondmarket from the 1870s to the 1930s. Our findings support conventional wisdom concerning the low credibility of the interwar gold standard. Before 1914 gold standard adherence effectively signalled credibility and shaved 40 to 60 basis points from country borrowing spreads. In the 1920s, however, simply resuming prewar gold parities was insufficient to secure such benefits. Countries that devalued before resumption were treated favorably, and markets scrutinized other signals. Public debt and British Empire membership were important determinants of spreads after World War One, but not before
International capital mobility in history : the saving-investment relationship by Alan M Taylor ( Book )
12 editions published between 1995 and 1996 in English and held by 91 WorldCat member libraries worldwide
Abstract: Economic historians have been concerned with the evolution of international capital markets over the long run, but empirical testing of market integration has been limited. This paper augments the literature by investigating long- and short-run criteria for capital mobility using time-series and cross-section analysis of saving-investment correlation for twelve countries since 1850. The results present a nuanced picture of capital market evolution. The sample shows considerable cross-country heterogeneity. Broadly speaking, the inter-war period, and especially the Great Depression, emerge as an era of diminishing capital mobility, and only recently can we observe a tentative return to the degree of capital mobility witnessed during the late nineteenth century
Convergence in the age of mass migration by Alan M Taylor ( Book )
12 editions published in 1994 in English and held by 91 WorldCat member libraries worldwide
Abstract: Between 1870 and 1913, economic convergence among present OECD members (or even a wider sample of countries) was dramatic, about as dramatic as it has been over the past century and a half. The convergence can be documented in GDP per worker-hour, GDP per capita and in real wages. What were the sources of the convergence? One prime candidate is mass migration. In the absence of quotas, this was a period of open international migration, and the numbers who elected to move were enormous. If international migration is ever to play a role in contributing to convergence, the pre-quota period surely should be it. This paper offers some estimates which suggest that migration could account for very large shares of the convergence in GDP per worker and real wages, though a much smaller share in GDP per capita. One might conclude, therefore, that the interwar cessation of convergence could be partially explained by the imposition of quotas and other barriers to migration. The paper concludes with caution as it enumerates the possible offsets to the mass migration impact which our partial equilibrium analysis ignores, and with the plea that convergence models pay more attention to open-economy forces
Internal versus external convertibility and developing-country financial crises : lessons from the Argentine bank bailout of the 1930s by Gerardo Della Paolera ( Book )
15 editions published in 1999 in English and held by 91 WorldCat member libraries worldwide
Argentina's money and banking system was hit hard by the Great Depression. The banking sector was awash with bad assets that built up in the 1920's. Gold convertibility was suspended in December 1929, even before the crisis seriously damaged the core economies. Commonly, these events are seen as being driven by external real shocks associated with the World Depression, despite the puzzle of the timing. We argue for an alternative, or complementary, explanation of the crisis that focuses on the inside-outside money relationship in a system of fractional-reserve banking and gold-standard rules. This internal explanation for the crisis involves no timing puzzle. The tension between internal and external convertibility can be felt when banks fall into bad times, and an internal drain can feed an external drain. Such was the case after financial fragility appeared in the 1914-27 suspension. Resumption in 1928 was probably unsustainable due to the problems of the financial system, and a dynamic model illustrates the point well. The resolution of the crisis required lender-of-last-resort actions by the state, discharged at first by the state bank issuing rediscounts to private banks. When the state bank became insolvent, the currency board started bailing out the system using high-powered money. Thus came about the demise of the currency board and the creation of a central bank in 1935, an institution that had no pretense of a nominal- anchor commitment device and no ceiling on lender-of-last-resort actions-innovations with painful long-run consequences for inflation performance and financial-sector health. As one of its first substantive actions, the central bank engineered a bailout of the banking system at a massive social cost. The parallels with recent developing-country crises are remarkable, and the implications for the institutional design of monetary and banking systems are considered
The monetary consequences of a free trade area of the Americas by Barry J Eichengreen ( Book )
16 editions published in 2003 in English and Spanish and held by 90 WorldCat member libraries worldwide
Abstract: How will free trade affect monetary policy and exchange rate regime choices in the Americas? While the European Union illustrates how the creation of an integrated market in goods and services can enhance monetary cooperation and integration, it is not clear that Europe's experience translates to Latin America, where the political circumstances are different. We try to understand whether the monetary consequences of existing regional trade agreements, including but not limited to the European Union, mainly reflect spillovers from trade integration, or whether observed outcomes have been mainly about politics. Our results incline us toward the latter interpretation, leaving us pessimistic about the basis for deeper monetary cooperation. If exchange rate volatility is to be tamed, then the more widespread adoption of inflation targeting, which we find to be associated with a significant reduction in bilateral exchange rate volatility, may be the most promising path
Domestic saving and international capital flows reconsidered by Alan M Taylor ( Book )
11 editions published in 1994 in English and held by 90 WorldCat member libraries worldwide
Abstract: A long literature since Feldstein and Horioka's seminal contribution documents the strong correlation of domestic saving and investment rates since the 1960s. According to conventional wisdom, the result provides evidence of international capital market imperfections. The macroeconomic theory of small open economies prescribes a relationship between the composition of aggregate demand and its relative price structure, a linkage hitherto ignored in the saving-investment literature. Theory and evidence also suggest a role for growth and demographic effects, well known in previous studies. If one controls for these effects, the standard correlation of saving and investment disappears. International capital markets may be better integrated than once thought, and the former correlations may have been spurious. The pattern of domestic investment rates is better explained by domestic price distortions and other variables than by domestic saving constraints
 
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Alternative Names
Taylor, A. M. 1964-
Taylor, Alan 1964-
Taylor, Alan M.
Taylor, Alan Michael 1964-
Languages
English (315)
Thai (3)
Spanish (1)
Italian (1)
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