WorldCat Identities

Taylor, Alan M. 1964-

Overview
Works: 225 works in 1,572 publications in 6 languages and 18,283 library holdings
Genres: History  Conference papers and proceedings  Longitudinal studies  Textbooks 
Roles: Author, Editor, Other, Creator, Contributor, cnm, Honoree
Classifications: HF1359, 337
Publication Timeline
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Most widely held works by Alan M Taylor
Globalization in historical perspective by Michael D Bordo( )

30 editions published between 2003 and 2007 in English and held by 2,231 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
Straining at the anchor : the Argentine Currency Board and the search for macroeconomic stability, 1880-1935 by Gerardo Della Paolera( )

16 editions published between 2001 and 2007 in English and held by 1,821 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
The new comparative economic history : essays in honor of Jeffrey G. Williamson by Alan M Taylor( )

17 editions published in 2007 in English and Undetermined and held by 1,744 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( )

36 editions published between 2003 and 2011 in English and Undetermined and held by 1,562 WorldCat member libraries worldwide

Today's return to a world of globalized capital is marked by great unevenness in outcomes, in terms of both participation in capital market integration and in the distribution of risks and rewards. More than in the past, foreign investment flows largely from rich countries to other rich countries. Yet the burden of financial crises falls most harshly on developing countries, with costs for everyone
International economics by Robert C Feenstra( Book )

49 editions published between 2003 and 2018 in 4 languages and held by 580 WorldCat member libraries worldwide

The international economy has seen much 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, this engaging text addresses economics with a whole-world perspective and puts emphasis on empirical study
Latin America and the world economy since 1800( Book )

10 editions published between 1998 and 1999 in English and held by 577 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 an age of crisis : multilateral economic cooperation in the twenty-first century( )

11 editions published in 2014 in English and held by 387 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 trade by Robert C Feenstra( Book )

38 editions published between 2008 and 2018 in English and held by 355 WorldCat member libraries worldwide

This title contains all of the chapters on trade from the third edition of 'International Economics' by Robert C. Feenstra and Alan M. Taylor. Combining classic international economics with straight-from-the-headlines immediacy, this text seamlessly integrates core content with ideas that have emerged from recent empirical studies
A new economic history of Argentina( Book )

15 editions published between 2003 and 2011 in English and held by 342 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
International macroeconomics by Robert C Feenstra( Book )

44 editions published between 2007 and 2017 in 3 languages and held by 278 WorldCat member libraries worldwide

International Trade contains all of the chapters on trade from the third edition of International Economics by Robert C. Feenstra and Alan M. Taylor. Combining classic international economics with straight-from-the- headlines immediacy, this text seamlessly integrates core content with ideas that have emerged from recent empirical studies.--
The Economics of transformation : theory and practice in the new market economies by Alfred Schipke( Book )

10 editions published in 1994 in English and held by 219 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
External imbalances and financial crises by Alan M Taylor( )

17 editions published between 2012 and 2013 in English and held by 158 WorldCat member libraries worldwide

In broad perspective, there have been essentially two competing views of the global financial crisis, albeit there are some complementarities among them. One view looks across the border: it mainly blames external imbalances, the large-scale mix of unprecedented pattern current account deficits and surpluses which entailed massive and growing net and gross international financial flows in the last decade. The alternative view looks within the border: it finds more fault in the domestic arena of the afflicted countries, attributing the problems to financial systems where risks originated in excessive credit booms in local banks. This paper uses the lens of macroeconomic and financial history to confront these dueling hypotheses with evidence. Of the two, the credit boom explanation stands out as the most plausible predictor of financial crises since the dawn of modern finance capitalism in the late nineteenth century. Historically, we find that global imbalances are not as important as a factor in financial crises as is often perceived, and they have much less correlation with subsequent episodes of financial distress compared to direct indicators like credit drawn from the financial system itself
Nonlinear aspects of goods-market arbitrage and adjustment : Heckscher's commodity points revisited by Maurice Obstfeld( Book )

27 editions published in 1997 in English and held by 151 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 )

22 editions published between 1997 and 1999 in English and held by 146 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
Sovereign risk, credibility and the gold standard : 1870-1913 versus 1925-31 by Maurice Obstfeld( )

20 editions published between 2002 and 2003 in English and Dutch and held by 130 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
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 130 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 )

13 editions published in 1999 in English and held by 125 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
Internal versus external convertibility and developing-country financial crises : lessons from the Argentine bank bailout of the 1930s by Gerardo Della Paolera( )

17 editions published in 1999 in English and held by 124 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
Australian growth : a California perspective by Ian W McLean( Book )

17 editions published in 2001 in English and held by 123 WorldCat member libraries worldwide

Abstract: Examination of special cases assists understanding of the mechanics of long-run economic growth more generally. Australia and California are two economies having the rare distinction of achieving 150 years of sustained high and rising living standards for rapidly expanding populations. They are suitable comparators since in some respects they are quite similar, especially in their initial conditions in the mid-nineteenth century, their legal and cultural inheritances, and with respect to some long-term performance indicators. However, their growth trajectories have differed markedly in some sub-periods, and over the longer term with respect to the growth in the size of their economies. Most important, the comparison of an economy that remained a region in a much larger national economy with one that evolved into an independent political unit helps identify the role of several key policies. California had no independent monetary policy, or exchange rate, or controls over immigration or capital movements, or trade policy. Australia did, and after 1900 pursued an increasingly interventionist and inward-oriented development strategy until the 1970s. What difference did this make to long-run growth? And what other factors, exogenous and endogenous, account for the differences that have emerged between two economies that shared such similar initial conditions?
The monetary consequences of a free trade area of the Americas by Barry J Eichengreen( Book )

20 editions published in 2003 in English and Spanish and held by 123 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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Straining at the anchor : the Argentine Currency Board and the search for macroeconomic stability, 1880-1935
Covers
Straining at the anchor : the Argentine Currency Board and the search for macroeconomic stability, 1880-1935The new comparative economic history : essays in honor of Jeffrey G. WilliamsonGlobal capital markets : integration, crisis, and growthInternational economicsLatin America and the world economy since 1800International tradeA new economic history of ArgentinaInternational macroeconomics
Alternative Names
Alan M. Taylor American economist

Alan M. Taylor Amerikaans econoom

Alan M. Taylor economista estadounidense

Alan M. Taylor economista estatunidenc

Alan M. Taylor economista estauxunidense

Taylor, A. M. 1964-

Taylor, Alan 1964-

Taylor, Alan M.

Taylor, Alan Michael 1964-

테일러, 앨런 M. 1964-

Languages
English (432)

Chinese (3)

Spanish (2)

Italian (1)

Dutch (1)

Thai (1)