Barry Eichengreen is Professor of Economics and Political Science at the University of California, Berkeley.

In their new book, In Defense of Public Debt, Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves and Kris James Mitchener trace the evolution of sovereign debt from the wars of medieval Europe through the COVID-19 crisis, illustrating public debt's many positive uses, from reacting to financial crises to building public works.

In this podcast (December 21, 2021), Barry Eichengreen discusses their new book with Finance and Development Magazine editor Chris Wellisz.

Listen to Barry Eichengreen      more iMF F&D podcasts

Barry Eichengreen & the Graduate Institute Geneva

Barry Eichengreen has co-authored and co-edited a large number of publications with Faculty Members of the Graduate Institute's Centre for Finance and Development (CFD):

  With Rui Esteves, Professor of International History and Politics:

• "In Defense of Public Debt" (with Asmaa El-Ganainy, Rui Esteves and Kris Mitchener), Oxford University Press, 2021

  With Ugo Panizza, Professor of International Economics, Pictet Chair in Finance and Development, and Deputy Director of the Centre for Finance and Development (CFD)

• “Can Countries Rely on Foreign Saving for Investment and Economic Development?” with Eduardo Cavallo and Ugo Panizza, Review of World Economy (2017).

• "A Surplus of Ambition: Can Europe Rely on Large Primary Surpluses to Solve Its Debt Problem?" (with Ugo Panizza), Economic Policy, April 2015.

• "Capital Account Liberalization, Financial Development and Industry Growth: A Synthetic View," with Rachita Gullapalli and Ugo Panizza. January 2009.

• Bond Markets in Latin America: On the Verge of a Big Bang? co-edited with Eduardo Borensztein, Kevin Cowan, and Ugo Panizza, MIT Press, June 2008. Click here for table of contents and sample chapter.

• "Building Bond Markets in Latin America" (with Eduardo Borensztein and Ugo Panizza). Prepared for an IADB network on the growth of corporate bond markets in Latin America. Posted August 2006

• "Debt Instruments and Policies in the New Millennium: New Markets and New Opportunities," (with Eduardo Borensztein and Ugo Panizza), Inter-American Development Bank, RES Working Paper 4456, April 2006.

• "The Pain of Original Sin" (with Ricardo Hausmann and Ugo Panizza), August 2003. Revision of paper presented to a conference at the Inter-American Development Bank (November 2002). This version appears in Barry Eichengreen and Ricardo Hausmann (eds.), Other People's Money: Debt Denomination and Financial Instability in Emerging Market Economics (University of Chicago Press, 2004).

• "Original Sin: The Road to Redemption" (with Ricardo Hausmann), August 2003. Revision of a paper presented to a conference at the Inter-American Development Bank (November 2002). Longer version appears as "The Pain of Original Sin"(with Ricardo Hausmann and Ugo Panizza),in Barry Eichengreen and Ricardo Hausmann (eds.), Other People's Money: Debt Denomination and Financial Instability in Emerging Market Economics (University of Chicago Press, 2004).

• "The Mystery of Original Sin" (with Ricardo Hausmann and Ugo Panizza), August 2003. Revision of a paper presented to a conference at the Inter-American Development Bank, November 2002. This version appears in Barry Eichengreen and Ricardo Hausmann (eds.), Other People's Money: Debt Denomination and Financial Instability in Emerging Market Economics (University of Chicago Press, 2004)

  With Charles Wyplosz, Honorary Professor of International Economics

• "IMF Reform: The Unfinished Agenda" with José De Gregorio, Takatoshi Ito, and Charles Wyplosz (September 2018)

• "Minimal Conditions for the Survival of the Euro" (with Charles Wyplosz), Intereconomics - Review of European Economic Policy. (January 2016)

• China, Asia, and the New World Economy, with Charles Wyplosz and Yung Chul Park, Oxford University Press, March 2008. Click here for cover with table of contents.

• "Sustainable Regimes of Capital Movements in Accession Countries" (with David Begg, László Halpern, Jürgen von Hagen, and Charles Wyplosz), revised version published as CEPR Policy Paper 10, March 2003.

• "The Consequences of Saying No: An Independent Report into the Economic Consequences of the UK Saying No to the Euro" (with David Begg, Olivier Blanchard, Diane Coyle, Jeffrey Frankel, Francesco Giavazzi, Richard Portes, Paul Seabright, Anthony Venables, L Alan Winters and Charles Wyplosz), a report for Britain in Europe, 2003.

• Built to Last: A Political Architecture for Europe (with Erik Berglöf, Gérard Roland, Guido Tabellini, and Charles Wyplosz), CEPR, February 2003.

• "When Does Capital Account Liberalization Help More Than it Hurts?" (with Carlos Arteta and Charles Wyplosz), March 2000. Prepared for the conference celebrating Assaf Razin's 60th birthday, held at Tel Aviv University, 25 - 26 March 2001. Updated July 2001. Revised version appears in Elhanan Helpman and Efraim Sadka (eds.), Economic Policy in the International Economy (Cambridge University Press, 2003).

• "The Stability Pact: More Than a Minor Nuisance?" (with Charles Wyplosz), preliminary draft, October 1997. Revised version published in Economic Policy 26, Spring 1998. Also appears in David Begg, Juergen von Hagen, Charles Wyplosz and Klaus Zimmermann (eds), EMU: Propsects and Challenges for the Euro (1998).

• “What Do Currency Crises Tell Us About the Future of the International Monetary System?” (with Charles Wyplosz), in Jan Joost Teunissen (ed), Can Future Currency Crises be Prevented or Better Managed? Lessons from the Mexican Crisis (Fondad 1996).

• "Contagious Currency Crises" (with Andrew K. Rose and Charles Wyplosz), NBER WP 5681; CEPR DP 1453, July 1996. Revised March 1997. Part of this paper was published in the Scandinavian Journal of Economics 98, 1996.

• "Two Cases for Sand in the Wheels of International Finance" (with Charles Wyplosz and James Tobin), preliminary draft, May 1994. Revised version published in Economic Journal 105, January 1995.

• "Speculative Attacks on Pegged Exchange Rates: An Empirical Exploration with Special Reference to the European Monetary System" (with Andrew K. Rose and Charles Wyplosz), preliminary draft, October 1994. Revised version published in Matthew Canzoneri, Wilfred Ethier and Vittorio Grilli (eds.), The New Trans-Atlantic Economy (Cambridge University Press, 1996). Also available as NBER Working Paper No. 4898 and CEPR Discussion Paper No. 1060.

• “Speculative Attacks on Pegged Exchange Rates: An Empirical Exploration with Special Reference to the European Monetary System” (with Andrew Rose and Charles Wyplosz), in Matthew Canzoneri, William Ethier and Vittorio Grilli (eds), The New Transatlantic Economy (Cambridge University Press 1996).

• “Taxing International Financial Transactions to Improve the Operation of the International Monetary System” (with Charles Wyplosz), in Inge Kaul et al. (eds), The Tobin Tax (Oxford University Press 1996).

• “Is There a Safe Passage to EMU: Evidence on Capital Controls and a Proposal” (with Andrew K. Rose and Charles Wyplosz), in Jeffrey Frankel and Alberto Giovannini (eds), The Microstructure of Foreign Exchange Markets (University of Chicago Press 1996).

• “Exchange Market Mayhem: The Antecedents and Aftermath of Speculative Attacks” (with Andrew Rose and Charles Wyplosz), Economic Policy, 1995.

• “Two Cases for Sand in the Wheels of International Finance” (with James Tobin and Charles Wyplosz), Economic Journal, 1995. Reprinted in Pensamiento Iberamericano, 1995. Also reprinted in Voix de la Cite, 2000. Also reprinted in Sylvester C.W. Eijffinger and Jan J.G. Lemmen, International Financial Integration (Edward Elgar, 2002).

 Find out more

cfd website and events

 Follow us