Author: Barry Eichengreen / Political Geography: Asia

Author:: Barry Eichengreen
Publication Date:: 05-2003
Content Type:: Working Paper
Institution:: Institute of European Studies
Abstract:: Where I live, on the West Coast of the United States, and teach, at the University of California, Europe seems far away. Geographically we are closer to Latin America and Asia. Ethnically, Californians of Hispanic and Asian-American descent are increasingly numerous. Within 20 years, residents of European origin will be a minority; already they are a minority of the undergraduates enrolling at Berkeley. Economically as well, we look to Asia. It is in California where the largest number of container ships arriving from Asia are unloaded, and it is across the Pacific, and in China in particular, that most of those containers originate.
Topic:: Economics and Political Economy
Political Geography:: United States, China, Europe, Asia, California, and Latin America

Author:: Barry Eichengreen and Yung Chul Park
Publication Date:: 01-2003
Content Type:: Working Paper
Institution:: Institute of European Studies
Abstract:: One of the most striking aspects of Europe's recent development has been the growth and integration of financial markets. Bond markets have grown explosively since the advent of the euro. Cross border transactions in government bonds have risen sharply with the emergence of the German bund as a benchmark asset, while the volume of corporate bond issues has grown even more dramatically. Securities markets are consolidating around London and Frankfurt, which are competing for the mantle of Europe's dominant financial center. This rapid market integration has raised questions about the viability of Europe's traditional model of bank-based financial intermediation, causing commercial and investment banks to respond with a wave of mergers and acquisitions.
Topic:: Economics and Political Economy
Political Geography:: Europe, Asia, London, and Germany

Author:: Barry Eichengreen
Publication Date:: 12-2002
Content Type:: Working Paper
Institution:: Institute of European Studies
Abstract:: Europe's single currency is widely invoked as a potential solution to the monetary and exchange rate problems of other regions, including Asia, Latin America, North America and even Africa. This lecture asks whether the Europe's experience in creating the euro is exportable. It argues that the single currency is the result of a larger integrationist project that has political as well as economic dimensions. The appetite for political integration being less in other parts of the world, the euro will not be easily emulated. Other regions will have to find different means of addressing the tension between domestic monetary autonomy and regional integration. Harmonized inflation targeting may be the best available solution.
Topic:: Economics, International Trade and Finance, and Political Economy
Political Geography:: Africa, Europe, Asia, and Latin America

Author:: Barry Eichengreen and Richard Kohl
Publication Date:: 03-1998
Content Type:: Working Paper
Institution:: Berkeley Roundtable on the International Economy
Abstract:: Early optimists hoped that Eastern Europe might be able to emulate the high-performance economies of Asia once the shock of liberalization was absorbed. The ingredients of the East Asian “miracle,” in this view, were rapid accumulation based on high investment in physical and human capital, productivity growth based on technology transfer through licensing and direct foreign investment, rapidly expanding exports able to support industrial specialization and scale economies, and a strong state capable of guiding the development process and solving coordination problems. Emulating this recipe could provide the basis, it was hoped, for the expansion of exports and buoyant economic growth more generally.
Topic:: Development, Government, and International Trade and Finance
Political Geography:: Europe, Eastern Europe, and Asia

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