- What are the lessons for the Euro from America's past? Jeffrey Frieden explores tonight @LSE_US #LSEUSEuro http://bit.ly/1n25g6i
- The US Centre Director, Professor Peter Trubowitz, gave a quick introduction, welcoming Professor Frieden to the LSE.
- Prof Peter Trubowitz welcomes all to the LSE and introduces @LSE_US #LSEUSEuro
- Frieden: Happy to be back at the LSE to talk tonight #LSEUSEuro
- I did not know that Jeff Frieden and Susan Strange we're buddies #structuralpower #LSEUSEURO
A little late in new term back on twitter at @LSEpublicevents with an inspiring Jeffry #Frieden @LSE_US #lseuseuro pic.twitter.com/knO909f37v- Jeffry Frieden’s new book is Currency Politics: The Political Economy of Exchange Rate Policy http://scholar.harvard.edu/jfrieden/currency-politics … #LSEUSEuro
- From the very beginning of the lecture, Professor Frieden stressed that the creation of a stable fiscal union was a long and arduous road.
- Frieden: Political conflict among EU member states is as bad as it’s ever been - questions about EU’s future being asked #LSEUSEuro
- Jeff Frieden outlines impt lessons for the #euro from America's past #LSEUSEuro
- Frieden: The main problem the Eurozone faces- how to craft a union that creates monetary, fiscal and financial stability. #LSEUSEuro
- Everybody likes the stability of economic union. But there are winners and losers throughout the process of getting there #LSEUSEURO
- Frieden: US didn't have a common currency until 1863. So US monetary struggles of 1870s are more similar to current euro issues #lseuseuro
- Frieden: Long history in US of easy money + credit is pitted against hard money - debtor communities against creditor communities #LSEUSEuro
"Worthless as a continental" #LSEUSEuro pic.twitter.com/AyyeOYGd9f- Before starting his lecture, Professor Frieden played music from the new musical ‘Hamilton’ to set the scene.
- Frieden: Recommends Hamilton vs. Jefferson rap battle in @HamiltonMusical for portrayal of debate over early US banking policy #LSEUSEuro
- Frieden: First Bank of US 1791-1811 in Philadelphia, controversial as dominated by those who wanted conservative monetary policy #LSEUSEuro
Frieden: First bank incurred hostility of those on frontier who wanted credit #LSEUSEuro pic.twitter.com/MCyYCDldMU- Frieden: Before 1789 all debts were owed by states, which had mostly defaulted. Hamilton suggested Fed govt assume states’ debts #LSEUSEuro
Frieden: Worthless states’ debts were restructured into a series of staggered bonds - restored confidence #LSEUSEuro pic.twitter.com/dJ4IsC3zj1- Frieden: One reason US lost war of #1812, was because no US bank to finance the war #LSEUSEuro
Frieden: Evaluating Pres. Hamilton's effect on financial and monetary problems in 1800s #LSEUSEuro pic.twitter.com/eocwHhMrdR- Frieden: 2nd Bank of US (1816-36) regulated country’s monetary policy, but still controversial given closed world economy #LSEUSEuro
Lessons for the Euro from America's Past with Jeffry Frieden
On 19 January 2016, the LSE US Centre hosted Jeffry Frieden, Professor of Government at Harvard University. Drawing on early America's struggle to develop a single currency, Professor Frieden discussed the implications for the European Union's efforts to provide monetary and financial stability.
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LSE US Centre127 Views
LSE US Centre127 Views
