Eichengreen, Barry - C.E.P.R. Discussion Papers - 1989
This paper surveys studies of the classical Gold Standard published subsequent to Alec Ford's The Gold Standard 1880 …-flow interactions in bond markets. The paper then addresses how the Gold Standard worked. A key element of my explanation for the … stability of the Gold Standard is the credibility of the official commitment to gold. Knowing that policy-makers would intervene …