Details about Robert Zelwin Aliber

This author is deceased (2025-06-22).

Access statistics for papers by Robert Zelwin Aliber.

Last updated 2025-07-10. Update your information in the RePEc Author Service.

Short-id: pal1291

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Jump to Journal Articles Books Edited books Chapters

Working Papers

2000

1. Transactions Costs in the Foreign Exchange Market
   University of California at Los Angeles, Anderson Graduate School of Management, Anderson Graduate School of Management, UCLA View citations (4)

Journal Articles

2023

1. Management of the U.S. Dollar 1971–2022
   Atlantic Economic Journal, 2023, 51, (1), 13-26

2021

2. Auric Goldfinger, Henry Morgenthau, and Camp David: August 1971
   Atlantic Economic Journal, 2021, 49, (2), 117-126 View citations (2)

2020

3. Why did the United States Evolve from the Largest International Creditor in 1980 to the Largest International Debtor in 1990?
   Atlantic Economic Journal, 2020, 48, (4), 405-411 View citations (2)

2019

4. Financial Crises and Bank Capital
   Atlantic Economic Journal, 2019, 47, (1), 1-11 View citations (2)

2017

5. International Monetary Instability All Over Again
   Atlantic Economic Journal, 2017, 45, (4), 399-409

2016

6. A Lego Approach to International Monetary Reform
   Atlantic Economic Journal, 2016, 44, (2), 139-157 View citations (2)

2005

7. The 35 Most Tumultuous Years in Monetary History: Shocks, the Transfer Problem, and Financial Trauma
   IMF Staff Papers, 2005, 52, (si), 9 View citations (6)

2003

8. Some Evidence that a Tobin Tax on Foreign Exchange Transactions May Increase Volatility
   Review of Finance, 2003, 7, (3), 481-510 View citations (44)
   Also in Review of Finance, 2003, 7, (3), 481-510 (2003) View citations (47)

2000

9. Capital Flows, Exchange Rates, and the New International Financial Architecture: Six Financial Crises in Search of a Generic Explanation
   Open Economies Review, 2000, 11, (1), 43-61 View citations (4)
10. Rules and Authorities in International Monetary Arrangements: The Role of the Central Bank
    American Economic Review, 2000, 90, (2), 43-47 View citations (1)

1994

11. NAFTA—Pro and Con
    Challenge, 1994, 37, (1), 62-64

1985

12. External shocks and U.S. domestic financial stability
    Proceedings, 1985, (June), 87-124

1984

13. International Banking: A Survey
    Journal of Money, Credit and Banking, 1984, 16, (4), 661-78 View citations (63)

1980

14. The integration of the offshore and domestic banking system
    Journal of Monetary Economics, 1980, 6, (4), 509-526 View citations (11)

1979

15. New Techniques for Assessing International Risk: Discussion
    Journal of Finance, 1979, 34, (2), 436-38

1978

16. The failure of world monetary reform 1971-1974: John Williamson, (Thomas Nelson & Sons, Sunbury-on-Thames, Middlesex, 1977) pp. xiii + 221, [UK pound]3.25
    Journal of International Economics, 1978, 8, (3), 479-481
17. The integration of National financial markets: A review of theory and findings
    Review of World Economics (Weltwirtschaftliches Archiv), 1978, 114, (3), 448-480 View citations (3)

1977

18. Perspectivas del Endeudamiento de los PMD
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1977, 14, (42), 185-196

1976

19. Equilibrium and disequilibrium in the international money market
    Review of World Economics (Weltwirtschaftliches Archiv), 1976, 112, (1), 73-90 View citations (2)
20. Towards a theory of international banking
    Economic Review, 1976, (Spr), 5-8 View citations (6)

1975

21. Exchange Risk, Political Risk, and Investor Demand for External Currency Deposits
    Journal of Money, Credit and Banking, 1975, 7, (2), 161-79 View citations (3)
22. Gold, SDRs, and central bank swaps: A reply
    Journal of Monetary Economics, 1975, 1, (1), 109-110
23. Monetary Independence under Floating Exchange Rates
    Journal of Finance, 1975, 30, (2), 365-76

1973

24. Gold, SDR's, and Central Bank Swaps
    Journal of Money, Credit and Banking, 1973, 5, (3), 819-25
25. SPECULATION IN THE FLEXIBLE EXCHANGE RE‐REVISITED—REPLY
    Kyklos, 1973, 26, (3), 619-620
26. The Interest Rate Parity Theorem: A Reinterpretation
    Journal of Political Economy, 1973, 81, (6), 1451-59 View citations (127)

1972

27. Comments on “The Internationalization of Capital”
    Journal of Economic Issues, 1972, 6, (1), 113-115
28. The Commission on Money and Credit: Ten Years Later
    Journal of Money, Credit and Banking, 1972, 4, (4), 915-29

1970

29. SPECULATION IN THE FLEXIBLE EXCHANGE REVISITED*
    Kyklos, 1970, 23, (2), 303-314 View citations (4)

1969

30. Exchange Risk, Yield Curves, and the Pattern of Capital Flows
    Journal of Finance, 1969, 24, (2), 361-70 View citations (2)
31. Gresham's Law and the Demand for NRU's and SDR'S: A Reply
    The Quarterly Journal of Economics, 1969, 83, (4), 704-705

1967

32. A Note on Official Support of the Forward Exchange Rate: Comment
    Journal of Political Economy, 1967, 75, (4), 417
33. Gresham's Law, Asset Preferences, and the Demand for International Reserves
    The Quarterly Journal of Economics, 1967, 81, (4), 628-638 View citations (5)

1966

34. Speculation and Price Stability: A Reply
    Journal of Political Economy, 1966, 74, (2), 208

1964

35. Speculation and Price Stability Once Again
    Journal of Political Economy, 1964, 72, (6), 607
36. The Costs and Benefits of the U.S. Role as a Reserve Currency Country
    The Quarterly Journal of Economics, 1964, 78, (3), 442-456 View citations (6)

1963

37. Coordinating Free World Financial Policies
    Challenge, 1963, 12, (3), 28-29
38. More about Counter-Speculation in the Forward Exchange Market
    Journal of Political Economy, 1963, 71, (6), 589

1962

39. Counter-Speculation and the Forward Exchange Market: A Comment
    Journal of Political Economy, 1962, 70, (6), 609
40. Devaluation Is the Answer
    Challenge, 1962, 11, (3), 25-27

Books

2023

1. Manias, Panics, and Crashes
   Springer Books, Springer View citations (1)
   Also in Palgrave Macmillan Books, Palgrave Macmillan (2005) View citations (375)
   Palgrave Macmillan Books, Palgrave Macmillan (2015) View citations (53)

2011

2. The New International Money Game
   Palgrave Macmillan Books, Palgrave Macmillan
   Also in Palgrave Macmillan Books, Palgrave Macmillan (2002) View citations (3)
   University of Chicago Press Economics Books, University of Chicago Press (2000)

1993

3. The Multinational Paradigm, vol 1
   MIT Press Books, The MIT Press View citations (18)

1978

4. Exchange Risk and Corporate International Finance
   Palgrave Macmillan Books, Palgrave Macmillan View citations (11)

Edited books

2023

1. Fault Lines After COVID-19
   Springer Books, Springer

2019

2. The 2008 Global Financial Crisis in Retrospect
   Springer Books, Springer View citations (12)

2011

3. Preludes to the Icelandic Financial Crisis
   Palgrave Macmillan Books, Palgrave Macmillan

1987

4. The Reconstruction of International Monetary Arrangements
   Palgrave Macmillan Books, Palgrave Macmillan

Chapters

2023

1. Bernie Madoff: Frauds, Swindles, and the Credit Cycle
   Springer
   Also in Palgrave Macmillan (2015)
2. Bitcoin: Worse Than a Ponzi
   Springer
3. Bubble Contagion: Mexico City to Tokyo to Bangkok to New York, London, and Reykjavik
   Springer
   Also in Palgrave Macmillan (2015)
4. Domestic Contagion: Twin Peaks?
   Springer
5. Financial Crises: A Hardy Perennial
   Springer
   Also in Palgrave Macmillan (2005) View citations (1)
   Palgrave Macmillan (2015)
6. Fueling the Flames: The Expansion of Credit
   Springer
   Also in Palgrave Macmillan (2015)
   Palgrave Macmillan (2005)
7. International Contagion 1618–1933
   Springer
8. Introduction
   Springer
9. Policy Responses: Benign Neglect, Exhortation, and Bank Holidays
   Springer
   Also in Palgrave Macmillan (2015)
10. President Xi’s Perfect Storm
    Springer
11. Speculative Manias
    Springer
    Also in Palgrave Macmillan (2005)
    Palgrave Macmillan (2015)
12. The Anatomy of a Typical Crisis
    Springer
    Also in Palgrave Macmillan (2015)
    Palgrave Macmillan (2005)
13. The Critical Stage: When the Bubble Is About to Pop
    Springer
    Also in Palgrave Macmillan (2015)
14. The Domestic Lender of Last Resort
    Springer
    Also in Palgrave Macmillan (2015)
    Palgrave Macmillan (2005)
15. The International Lender of Last Resort Before 2000
    Springer
16. The Lessons of History
    Springer
    Also in Palgrave Macmillan (2015) View citations (2)
17. The Twenty-First Century International Lender of Last Resort
    Springer

2015

18. Epilogue
    Palgrave Macmillan
19. Euphoria and Paper Wealth
    Palgrave Macmillan
20. Euromania and Eurocrash
    Palgrave Macmillan
21. International Contagion 1618–1930
    Palgrave Macmillan
22. Introduction to the Seventh Edition
    Palgrave Macmillan
23. The International Lender of Last Resort
    Palgrave Macmillan
    Also in Palgrave Macmillan (2005)
24. The Lehman Panic — An Avoidable Crash
    Palgrave Macmillan

2011

25. A New World Record — Four Financial Crises in 25 Years
    Palgrave Macmillan
26. A System Is How the Pieces Fit
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
27. Banking on the Wire
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
28. Central Bank of Iceland Financial Stability Reports 2006–8
    Palgrave Macmillan
29. Central Bankers Read Election Returns, Not Balance Sheets
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
30. China — The 800-Pound Gorilla
    Palgrave Macmillan
31. Financial turbulence and international investment
    A chapter in Portfolio and risk management for central banks and sovereign wealth funds, 2011, vol. 58, pp 5-17 View citations (1)
32. Fitting the Pieces Together Once Again
    Palgrave Macmillan
33. Five Asset Price Bubbles in 30 Years — A New World Record
    Palgrave Macmillan
34. From Marxist Command Economies to Market Capitalism
    Palgrave Macmillan
35. Global Imbalances and the Persistent US Trade Deficit
    Palgrave Macmillan
36. Globalization 1.0 — The Silk Road to Asia and the Salt Caravans across the Sahara
    Palgrave Macmillan
37. Gold — How Much Is a ‘Barbarous Relic’ Worth?
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
38. International Monetary Fund, Article IV Consultations 2006 and 2008
    Palgrave Macmillan
39. Introduction
    Palgrave Macmillan View citations (1)
40. Introduction
    Palgrave Macmillan View citations (1)
41. Japan — The First Superstate
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
42. MBSs, ABSs, CMOs, CDOs, Zeros, Swaps, Options, and Credit Default Swaps — The Revolution in Finance
    Palgrave Macmillan
43. Monetary Reform — Where Do the Problems Go When Assumed To Have Been Solved?
    Palgrave Macmillan
44. Monetary Turbulence and the Icelandic Economy
    Palgrave Macmillan View citations (4)
45. OECD Economic Survey of Iceland, 2006 and 2008
    Palgrave Macmillan
46. Radio Luxembourg and the Eurodollar Market Are Both Offshore Stations
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
47. Taxation, Regulation, and the Level Playing Field
    Palgrave Macmillan
48. The Dollar and Coca-Cola Are Both Brand Names
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
49. The Gnomes of Zurich Play in the Largest Market in the World
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
50. The Greatest Monetary Agreement in History
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
51. The Name of the Game Is Money — But the Disputes Are about Where the Jobs Are
    Palgrave Macmillan
52. The Reverend Thomas Malthus, the OPEC Cartel, and the Price of Energy from 1800 to 2100
    Palgrave Macmillan
53. The World Market for Bonds and Stocks
    Palgrave Macmillan
54. They Invented Money So They Could Have Inflation
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)
55. Why Are Multinational Firms Mostly American?
    Palgrave Macmillan
    Also in Palgrave Macmillan (2002)

2005

56. Bubble Contagion: Tokyo to Bangkok to New York
    Palgrave Macmillan
57. Euphoria and Economic Booms
    Palgrave Macmillan
58. Frauds, Swindles, and the Credit Cycle
    Palgrave Macmillan
59. International Contagion
    Palgrave Macmillan
60. Policy Responses: Letting it Burn Out, and Other Devices
    Palgrave Macmillan
61. The Critical Stage
    Palgrave Macmillan
62. The Lessons of History and the Most Tumultuous Decades Ever
    Palgrave Macmillan
    Also in Palgrave Macmillan (2001)

2002

63. China — The 800lb Gorilla
    Palgrave Macmillan
64. Fitting the Pieces Once Again
    Palgrave Macmillan
65. Monetary Reform — Where Do The Problems Go When They’re Assumed Away?
    Palgrave Macmillan
66. Oil and the OPEC Roller Coaster
    Palgrave Macmillan
67. Optimal Bankrupts — Deadbeats on an International Treadmill
    Palgrave Macmillan
68. Tax Avoidance — A Game for the Rich
    Palgrave Macmillan
69. The Money Game and the Level Playing Field
    Palgrave Macmillan
70. The Name of the Game is Money
    Palgrave Macmillan
71. The Three Ds — Disinflation, Deflation, and Depression
    Palgrave Macmillan
72. The Underground Economies and the Cost of Regulation
    Palgrave Macmillan
73. The World Markets for Stocks and Bonds
    Palgrave Macmillan
74. Transition Economies: Who Lost Russia?
    Palgrave Macmillan
75. Zeros, Swaps, and Options — The Revolution in Finance
    Palgrave Macmillan
76. Zlotys, Rubles, and Leks
    Palgrave Macmillan

1990

77. The Management of the External Debt Burden
    Palgrave Macmillan

1987

78. Gold in the International Monetary System: A Catalog of the Options
    Palgrave Macmillan
79. Introduction: The Reconstruction of International Monetary Arrangements
    Palgrave Macmillan

1986

80. The Future of International Commercial Banking
    Palgrave Macmillan

1985

81. Eurodollars: an Economic Analysis
    Palgrave Macmillan
82. External Financing and the Level of Development: A Conceptual Approach
    Palgrave Macmillan

1984

83. Structural Change, Monetary Policy and the Foreign Exchange Value of Sterling
    Palgrave Macmillan

1978

84. Changes in Exchange Rates and National Commodity Price Levels
    Palgrave Macmillan
85. Changes in Exchange Rates and Yield Differentials
    Palgrave Macmillan
86. Changes in Exchange Rates as Economic Disturbances
    Palgrave Macmillan
87. Exchange Exposure in a Multiple Currency World
    Palgrave Macmillan
88. Exchange Risk and Yield Differentials
    Palgrave Macmillan
89. Interest Rate Differentials and Political Risk
    Palgrave Macmillan
90. Introduction
    Palgrave Macmillan
91. Political Risk and International Investment
    Palgrave Macmillan
92. Strategies Towards Exchange Risk
    Palgrave Macmillan
93. Tax Implications of Exchange Losses and Gains
    Palgrave Macmillan
94. The Costs of Altering Exposure to Exchange Risk
    Palgrave Macmillan
95. The Firm, Exchange Risk and Political Risk: A General Approach
    Palgrave Macmillan

1977

96. The Firm Under Pegged and Floating Exchange Rates
    Palgrave Macmillan