An Essay on the Revived Bretton Woods System

By Michael P. Dooley, D. Folkerts-Landau, Peter M. Garber. 2003

877 citations recorded by the source corpus.

Subfields: Development, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/80fd6ae61cfbcedf7879f3604d1dfe5ad9f86602

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Citations in the corpus

A Forensic Analysis of Global Imbalances (2011, background): “In a series of papers, Dooley, Folkerts-Landau, and Garber (2003; 2008) interpret the U.S. current account deficit as the outcome of concerted mercantilist efforts by East Asian state actors.”
The Missing Wealth of Nations: Are Europe and the U.S. net Debtors or net Creditors? (2013, background): “See Dooley, Folkerts-Landau, and Garber (2003), Bernanke (2005), Dollar and Kraay (2006), Engel and Rogers (2006), Caballero, Farhi, and Gourinchas (2008), Mendoza, Rios-Rull, and Quadrini (2009), Carroll and Jeanne (2009), Ma and Haiwen (2009), Obstfeld, Shambaugh, and Taylor (2010), Aguiar and…”
Political determinants of international currencies: What future for the US dollar? (2008, background): “For this reason, some have even described today’s international monetary system as a kind of ‘Bretton Woods 2’ (Dooley et al., 2003, 2005), suggesting a return to the dollar’s partial Negotiated status in that period.”
Undervaluation through foreign reserve accumulation: Static losses, dynamic gains (2010, background): “…in Asia results from a form of “neo-mercantilist” policy to increase net exports so as to enhance economic growth, as argued for instance by Dooley et al. (2003) or Rodrik (2008).4 These papers argue that developing countries might enjoy learning-by-doing externalities in the spirit of…”
On the Yuan: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate (2006, background): “12 Dooley, Folkerts-Landau, and Garber (2003) surmise on these grounds that Asian central banks will happily absorb ever-more dollars indefinitely.”
Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut" (2007, neutral): “They examine different aspects of the “savings glut” and “Bretton Woods II” ( Dooley, et al., 2003 ) (continued…)”
Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism (2007, neutral): “(Aizenman and Lee, 2007) from explanations based on an alternative interpretation of the NewMecantilism arguing that countries desire to maintain external surpluses and undervalued exchange rates (Dooley et al., 2003).”
Will There Be a Dollar Crisis (2007, background): “In a now famous phrase, Dooley, Folkerts-Landau and Garber (2003) declared that the international monetary system has entered ‘Bretton Woods II’, a new era in which major central banks, mainly in Asia, can be counted on to buy dollars in order to maintain more or less fixed exchange rates.”