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Getting Pegged: Comparing the 1879 and 1925 Gold Resumptions.

The authors compare the resumption of convertibility into gold by the United States in 1879 and Britain in 1925 to ascertain the degree to which the outcomes reflected differences in strategies adopted by the authorities or in the external environment. They conclude that external factors were the most important determinant of the very different outcomes of the two episodes. Copyright 1998 by Royal Economic Society.
Year of publication:
1998
Authors: Bayoumi, Tamim ; Bordo, Michael D
Published in:
Oxford Economic Papers. - Oxford University Press. - Vol. 50.1998, 1, p. 122-49
Publisher: Oxford University Press
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10005744180
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