WorldCat Identities

Taylor, Alan M. 1964-

Overview
Works: 159 works in 1,304 publications in 6 languages and 14,151 library holdings
Genres: History  Conference papers and proceedings  Longitudinal studies 
Roles: Author, Editor, Creator, Other, cnm, Contributor, Honoree
Classifications: HF1359,
Publication Timeline
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Most widely held works by Alan M Taylor
International economics by Robert C Feenstra( Book )

69 editions published between 1465 and 2014 in 5 languages and held by 634 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
Latin America and the world economy since 1800( Book )

10 editions published between 1998 and 1999 in English and Undetermined and held by 568 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
Globalization in historical perspective by Michael D Bordo( Book )

27 editions published between 2003 and 2007 in English and held by 518 WorldCat member libraries worldwide

The 11 papers in this text explore a variety of topics on globalization in the context of the history of international trade, including how the process of globalization can be measured by the long-term integration of markets, and what trends and questions develop as markets converge and diverge
Global capital markets : integration, crisis, and growth by Maurice Obstfeld( Book )

30 editions published between 2003 and 2011 in English and held by 459 WorldCat member libraries worldwide

Understood in this way, the present era of globalization can be seen, in part, as the resumption of a liberal world order that was established in the years from 1880 to 1914. Much has changed along the way. Marking a reaction against the old order, the Great Depression emerges as the key turning point in the recent history of international capital markets and offers important insights for contemporary policy debates
Straining at the anchor : the Argentine Currency Board and the search for macroeconomic stability, 1880-1935 by Gerardo Della Paolera( Book )

15 editions published in 2001 in English and held by 366 WorldCat member libraries worldwide

The authors examine in depth the solutions that Argentina has tried to implement such as the Caja de Conversion, the nation's first currency board which favored a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted."--Jacket
A new economic history of Argentina( Book )

13 editions published between 2003 and 2007 in English and held by 312 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
The new comparative economic history : essays in honor of Jeffrey G. Williamson by Alan M Taylor( Book )

15 editions published in 2007 in English and Undetermined and held by 271 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
International trade by Robert C Feenstra( Book )

27 editions published between 2008 and 2014 in English and held by 229 WorldCat member libraries worldwide

The Economics of transformation : theory and practice in the new market economies by Alfred Schipke( Book )

12 editions published in 1994 in English and held by 171 WorldCat member libraries worldwide

Janos Kornai The collapse of the socialist system in eastern Europe and the Soviet Union is one of the major events of this century, perhaps the most important of all. The transformation now taking place is without any precedent in history. The original development of capitalism was a process that lasted for centuries. The almost total liquidation of capitalism in the countries ruled by communist parties took place-in historical terms-in a very short period of time, but it was carried out by force and repressive methods. The transformation which has now begun is diverting these countries back onto the path of capitalist development and the hope is that the process will take place much faster than the original emergence of capitalism. And another hope can be expressed: that the governments of these countries will not resort during the process to the arsenal of political violence and repression in order to speed it up. Although the post -socialist transformation is a historically unique phenomenon, some components and features of it show a similarity with other processes or events that took place under other circumstances. Other empires before the Soviet empire collapsed. The political structures of other countries took the path from dictatorship to democracy. Under other conditions, state assets have been privatized, inflation has been curbed, foreign capital has flowed in, new oligopolies have formed, and so on. The uniqueness lies in the new, specific configuration of these component processes and may other phenomena
Globalization in an age of crisis : multilateral economic cooperation in the twenty-first century( Book )

10 editions published in 2014 in English and held by 139 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
International capital mobility in history : the saving-investment relationship by Alan M Taylor( Book )

28 editions published between 1995 and 1996 in English and held by 135 WorldCat member libraries worldwide

This paper investigates purchasing-power parity (PPP) since the late nineteenth century for a sample of twenty countries, a broader sample of pooled annual data than has been studied before. Econometric results for time-series and panel samples allows us to test the robustness of the PPP hypothesis in different eras: the gold-standard, interwar, Bretton Woods, and the recent float. The evidence for PPP is mixed: Strong PPP, entailing stationarity of the real exchange rate, is not broadly supported, and real-exchange-rate dispersion shows counterintuitive historical patterns. However, not-much-weaker forms of PPP can be supported, with evidence of cointegration between different countries' common-currency price levels. Residual variances here confirm the conventional wisdom that the interwar period, particularly the Great Depression, represented the nadir of international capital market integration in the modern era
Nonlinear aspects of goods-market arbitrage and adjustment : Heckscher's commodity points revisited by Maurice Obstfeld( Book )

25 editions published in 1997 in English and held by 102 WorldCat member libraries worldwide

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
The Great Depression as a watershed : international capital mobility over the long run by Maurice Obstfeld( Book )

21 editions published between 1997 and 1999 in English and Undetermined and held by 98 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 )

16 editions published between 1998 and 2000 in English and held by 79 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
Business cycles in international historical perspective by Susanto Basu( Book )

12 editions published in 1999 in English and held by 73 WorldCat member libraries worldwide

This paper examines business cycles theoretically and empirically, with a quantitative study based on experience over the long run and in a cross section of countries. Several major questions in business cycle theory are explored. Theoretical concerns indicate that the properties of business cycle models depend not only on important structural aspects of the model such as money neutrality, labor market structure, and price adjustment, but also on the closure of the model in international markets. Econometric considerations suggest that more information about the country-specific versus universal features of cycles could be gleaned from the study of panel data. A review of business cycle properties in a sample of over a dozen countries is considered in light of these issues
Convergence in the age of mass migration by Alan M Taylor( Book )

15 editions published in 1994 in English and Undetermined and held by 72 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
Domestic saving and international capital flows reconsidered by Alan M Taylor( Book )

13 editions published in 1994 in English and held by 69 WorldCat member libraries worldwide

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
Sovereign risk, credibility and the gold standard : 1870-1913 versus 1925-31 by Maurice Obstfeld( Book )

18 editions published between 2002 and 2003 in English and Dutch and held by 67 WorldCat member libraries worldwide

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
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 65 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 )

19 editions published in 2003 in English and Spanish and held by 63 WorldCat member libraries worldwide

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
 
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Latin America and the world economy since 1800
Alternative Names
Alan M. Taylor American economist

Taylor, A. M. 1964-

Taylor, Alan 1964-

Taylor, Alan M.

Taylor, Alan Michael 1964-

테일러, 앨런 M. 1964-

Languages
English (396)

Thai (3)

Italian (1)

Spanish (1)

Korean (1)

Dutch (1)

Covers
Latin America and the world economy since 1800Globalization in historical perspectiveGlobal capital markets : integration, crisis, and growthStraining at the anchor : the Argentine Currency Board and the search for macroeconomic stability, 1880-1935A new economic history of ArgentinaThe new comparative economic history : essays in honor of Jeffrey G. WilliamsonInternational trade