Barry Eichengreen
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Barry Julian Eichengreen (born 1952) is an American
economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
and
economic historian Economic history is the academic learning of economies or economic events of the past. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and ins ...
who holds the title of George C. Pardee and Helen N. Pardee Professor of
Economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...
and
Political Science Political science is the scientific study of politics. It is a social science dealing with systems of governance and power, and the analysis of political activities, political thought, political behavior, and associated constitutions and la ...
at the
University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant u ...
, where he has taught since 1987. Eichengreen currently serves as a research associate at the
National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic c ...
and as a Research Fellow at the
Centre for Economic Policy Research The Centre for Economic Policy Research (CEPR) is an independent, non‐partisan, pan‐European non‐profit organisation. Its mission is to enhance the quality of policy decisions through providing policy‐relevant research, based soundly in e ...
. Eichengreen's mother was
Lucille Eichengreen Lucille Eichengreen (''née'' Cecilie Landau; February 1, 1925 – February 7, 2020)Holocaust The Holocaust, also known as the Shoah, was the genocide of European Jews during World War II. Between 1941 and 1945, Nazi Germany and its collaborators systematically murdered some six million Jews across German-occupied Europe; a ...
survivor and author.


Career

Eichengreen has done research and published widely on the history and current operation of the international monetary and financial system. He received his
A.B. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...
from
UC Santa Cruz The University of California, Santa Cruz (UC Santa Cruz or UCSC) is a public land-grant research university in Santa Cruz, California. It is one of the ten campuses in the University of California system. Located on Monterey Bay, on the edge ...
in 1974. an
M.A. A Master of Arts ( la, Magister Artium or ''Artium Magister''; abbreviated MA, M.A., AM, or A.M.) is the holder of a master's degree awarded by universities in many countries. The degree is usually contrasted with that of Master of Science. Tho ...
in economics, an
M.Phil. The Master of Philosophy (MPhil; Latin ' or ') is a postgraduate degree. In the United States, an MPhil typically includes a taught portion and a significant research portion, during which a thesis project is conducted under supervision. An MPhil ...
in economics, an M.A. in history, and a
Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...
in economics from Yale University in New Haven, Connecticut. He was a senior policy advisor to the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...
in 1997 and 1998, although he has since been critical of the IMF. In 1997, he served as a fellow of the
American Academy of Arts and Sciences The American Academy of Arts and Sciences (abbreviation: AAA&S) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, and ...
.


Research

His best known work is the book ''Golden Fetters: The Gold Standard and the Great Depression, 1919–1939'', Oxford University Press, 1992. In his own book on the
Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...
,
Ben Bernanke Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Fed, he was appointed a distinguished fellow at the Brookings Institution. Durin ...
summarized Eichengreen's thesis as follows: The main evidence Eichengreen adduces in support of this view is the fact that countries that abandoned the gold standard earlier saw their economies recover more quickly. His recent books include ''Global Imbalances and the Lessons of Bretton Woods'' (MIT Press 2006), ''The European Economy Since 1945'' (Princeton University Press 2007), ''Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System'' (Oxford University Press 2011), ''The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era'' (Oxford University Press 2018), and ''In Defense of Public Debt'' (Oxford University Press 2021). His most cited paper is Bayoumi and Eichengreen "Shocking Aspects of European Monetary Unification" (1993) which argued that the European Union was less suitable as a Single Currency Area than the United States. This diagnosis was confirmed in 2011 when external shocks caused the
Eurozone The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies ...
Crisis. He has been President of the
Economic History Association The Economic History Association (EHA) was founded in 1940 to "encourage and promote teaching, research, and publication on every phase of economic history and to help preserve and administer materials for research in economic history". It publi ...
(2010–2011). In addition to this, he is a non-resident Senior Fellow at the
Centre for International Governance Innovation The Centre for International Governance Innovation (CIGI, pronounced "see-jee") is an independent, non-partisan think tank on global governance. CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral ...
and a regular contributor to ''
Project Syndicate Project Syndicate is an international media organization that publishes and syndicates commentary and analysis on a variety of global topics. All opinion pieces are published on the ''Project Syndicate'' website, but are also distributed to a wi ...
'' since 2003. He was convener of th
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from 2008-2020.


Publications

* ''Elusive Stability: Essays in the History of International Finance 1919–1939.'' Cambridge University Press, 1990 * ''Golden Fetters: The Gold Standard and the Great Depression, 1919–1939.'' Oxford University Press, 1992, * ''International Monetary Arrangements for the 21st Century.'' Brookings Institution Press, 1994, * ''Reconstructing Europe's Trade and Payments: The European Payments Union.'' University of Michigan Press, 1994, * ''Globalizing Capital: A History of the International Monetary System.'' Princeton University Press, 1996, ; 2. Auflage ebd. 2008, ** ''Vom Goldstandard zum EURO. Die Geschichte des internationalen Währungssystems.'' Wagenbach, Berlin 2000, * ''European Monetary Unification: Theory, Practice, Analysis.'' The MIT Press, 1997 * with José De Gregorio, Takatoshi Ito & Charles Wyplosz: ''An Independent and Accountable IMF.'' Centre for Economic Policy Research, 1999, * ''Toward A New International Financial Architecture: A Practical Post-Asia Agenda.'' Institute for International Economics, 1999, * ''Financial Crises and What to Do About Them.'' Oxford University Press, 2002, * with Erik Berglöf, Gérard Roland,
Guido Tabellini Guido Enrico Tabellini (born January 26, 1956) is an Italian economist, rector of Bocconi University from November 2008 until July 2012. Tabellini received his Laurea in 1980 from the University of Turin, and his Ph.D. in 1984 from UCLA. He firs ...
& Charles Wyplosz: '' Built to Last: A Political Architecture for Europe.'' CEPR, 2003, * ''Capital Flows and Crises.'' The MIT Press, 2004, * ''Global Imbalances and the Lessons of Bretton Woods.'' The MIT Press, 2006, * ''The European Economy Since 1945: Co-ordinated Capitalism and Beyond.'' Princeton University Press, 2008, * ''Exorbitant Privilege'', Oxford University Press, New York 2010 * ''From Miracle to Maturity: The Growth of the Korean Economy'', Harvard University Asia Center. 2012, * ''Hall of Mirrors: The Great Depression, The Great Recession, and the Uses-and Misuses-of History'', Oxford University Press, New York 2015 * ''How Global Currencies Work: Past, Present, and Future'' 2017 * ''The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era'', Oxford University Press, New York 2018 * ''In Defense of Public Debt'', Oxford University Press, New York 2021


References


External links


Barry Eichengreen
at the
University of California at Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant univ ...

Column archive
at
Project Syndicate Project Syndicate is an international media organization that publishes and syndicates commentary and analysis on a variety of global topics. All opinion pieces are published on the ''Project Syndicate'' website, but are also distributed to a wi ...

Column archive
at ''
The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
''
Barry Eichengreen
at ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
''
Barry Eichengreen
at
East Asia Forum East Asia Forum (EAF) is an English-language international policy forum directed by Peter Drysdale and based at the Australian National University's Crawford School of Public Policy. It was launched in 2006 by then Australian Treasurer Peter Cos ...
* *
Barry Eichengreen in the Editorial Board of
''
Financial History Review ''Financial History Review'' is a peer-reviewed academic journal published three times a year by Cambridge University Press on behalf of The European Association for Banking and Financial History (eabh). Established in 1994, the journal covers t ...
'' * ''The Use and Abuse of Monetary History'', April 2013 – A guest commentary about the US
Federal Reserve System The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...
and the
European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...
's monetary policie

at '' CFO Insight'' * * {{DEFAULTSORT:Eichengreen, Barry 1952 births Living people 21st-century American economists Economic historians Yale Graduate School of Arts and Sciences alumni University of California, Berkeley College of Letters and Science faculty American people of German-Jewish descent Fellows of the American Academy of Arts and Sciences Institute for New Economic Thinking Peterson Institute for International Economics Presidents of the Economic History Association