Barry Eichengreen is Professor of Economics and Political Science at the University of California, Berkeley, and a former senior policy adviser at the International Monetary Fund. His most recent book is Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System.
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Barry Eichengreen
Commentaries by Barry Eichengreen
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Lessons of a Greek Tragedy
ATHENS – A visit to Greece leaves many vivid impressions. There are, of course, the country’s rich history, abundance of archeological sites…
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Open-Access Economics
CANBERRA – The brouhaha over Carmen Reinhart’s and Kenneth Rogoff’s article “Growth in a Time of Debt” may be the most conspicuous and incen…
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The Use and Abuse of Monetary History
BERKELEY – Imagine two central banks. One is hyperactive, responding aggressively to events. While it certainly cannot be accused of ignorin…
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Europe’s Lost-and-Found Decade
BRUSSELS – Sentiment in European financial markets has turned. For the moment, the possibility of a Greek exit from the eurozone is off the …
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Our Children’s Economics
TOKYO – The economics profession has not had a good crisis. Queen Elizabeth II may have expected too much when she famously asked why econom…
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The Politics of Global Recovery in 2013
DAVOS – Could 2013 be a better year for the global economy than 2012 was? The answer, in principle, is yes. In practice, however, the answer…
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Why No Glass-Steagall II?
MANILA – Eighty years ago this month, Ferdinand Pecora, the cigar-chomping former assistant district attorney for New York City, was appoint…
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The Euroless Union?
BERKELEY – Europe’s crisis has entered a quiet phase, which is no accident. The current period of relative calm coincides with the approach …
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Europe’s Populists at the Gate
LONDON – Is Europe’s crisis over? Investors, policy analysts, and even officials are quietly beginning to suggest that this might be the cas…
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The Renminbi Challenge
SEOUL – Last month, China unveiled its first aircraft carrier, and is gearing up to challenge the United States in the South China Sea. By i…
Lessons of a Greek Tragedy
Pingfan Hong: If the government could have brought together employers and unions to negotiate an equitable burden-sharing agreement, including an across-the-board reduction in wages and pensions, say 20%, would it …
Lessons of a Greek Tragedy
Pingfan Hong: A more important and more pertinent question we should ask is not "what should policymakers have done differently in confronting the country’s financial crisis?", but what should policymakers have don…