The Gold Standard and the International Monetary System, 1900-1939
Author: Ian M. Drummond
Publisher: Houndmills, Basingstoke, Hampshire : Macmillan Education
Published: 1987
Total Pages: 76
ISBN-13:
DOWNLOAD EBOOK →Author: Ian M. Drummond
Publisher: Houndmills, Basingstoke, Hampshire : Macmillan Education
Published: 1987
Total Pages: 76
ISBN-13:
DOWNLOAD EBOOK →Author: Mr.Tamim Bayoumi
Publisher: International Monetary Fund
Published: 1995-09-01
Total Pages: 32
ISBN-13: 1451851243
DOWNLOAD EBOOK →This paper examines some popular explanations for the smooth operation of the pre-1914 gold standard. We find that the rapid adjustment of economies to underlying disturbances played an important role in stabilizing output and employment under the gold standard system, but no evidence that this success also reflected relatively small underlying disturbances. Finally, the paper also suggests an explanation for the evolution of the international monetary system based on growing nominal inertia over time.
Author: Barry J. Eichengreen
Publisher: Psychology Press
Published: 1997
Total Pages: 354
ISBN-13: 9780415150606
DOWNLOAD EBOOK →Since the first edition, published in 1985, much new research has been completed. This updated version includes five new essays, including a new introduction by Eichengreen and a discussion of the gold standard and the EU monetary debate.
Author: Giulio M. Gallarotti
Publisher: Oxford University Press
Published: 1995-03-16
Total Pages: 360
ISBN-13: 0195358236
DOWNLOAD EBOOK →Widely considered the crowning achievement in the history of international monetary relations, the classical gold standard (1880-1914) has long been treated like a holy relic. Its veneration, however, has done more to obscure than to reveal the actual nature of the era's monetary system. In The Anatomy of an International Monetary Regime, Giulio M. Gallarotti addresses the nature of the classical gold standard in its international context, offering the first comprehensive and systematic treatment of the subject. Three fundamental questions are essential to the discussion: How did the regime originate? How did it work? Why did it persist? Gallarotti uses an interdisciplinary approach that draws upon politics, economics, and ideology to explain the answers. He challenges traditional assumptions about the period, arguing that cooperation among nations or central banks was not a principal factor in either the origin or stability of the system, and that neither the British state nor the Bank of England were the leaders or managers of the gold standard. Rather, a decentralized process involving the status of gold, industrialization and economic development, the politics of gold, and liberal economic ideology provided converging incentives for starting and maintaining the system. Gallarotti's study presents the most comprehensive and interdisciplinary examination available of the nature of monetary relations in the four decades before World War I. His important, revisionist view will alter the way we think about a crucial period in the growth of the international monetary system. It will be essential reading for scholars and students of economic history and policy.
Author: Barry Eichengreen
Publisher: Oxford University Press
Published: 1992-05-07
Total Pages: 480
ISBN-13: 0199879133
DOWNLOAD EBOOK →This book offers a reassessment of the international monetary problems that led to the global economic crisis of the 1930s. It explores the connections between the gold standard--the framework regulating international monetary affairs until 1931--and the Great Depression that broke out in 1929. Eichengreen shows how economic policies, in conjunction with the imbalances created by World War I, gave rise to the global crisis of the 1930s. He demonstrates that the gold standard fundamentally constrained the economic policies that were pursued and that it was largely responsible for creating the unstable economic environment on which those policies acted. The book also provides a valuable perspective on the economic policies of the post-World War II period and their consequences.
Author: Llewellyn H. Rockwell Jr.
Publisher: Ludwig von Mises Institute
Published: 2014-04-09
Total Pages: 221
ISBN-13: 1610166116
DOWNLOAD EBOOK →This anthology contains seminal essays on the ideal monetary system. From Sennholz's discussion of Mengerian monetary theory to Ron Paul's espousal of a political agenda that champions a gold standard, readers will find that this book serves a dual role--It is both an introduction to Austrian monetary theory and a guide to important events in monetary history. Be sure to add this edition featuring essays by some of today's foremost Austrian thinkers to your collection!
Author: Edwin Walter Kemmerer
Publisher: Ludwig von Mises Institute
Published: 1944
Total Pages: 246
ISBN-13: 1610164423
DOWNLOAD EBOOK →"Selected bibliography" at end of each chapter.
Author: Mr.Johannes Wiegand
Publisher: International Monetary Fund
Published: 2019-02-15
Total Pages: 28
ISBN-13: 1498301223
DOWNLOAD EBOOK →In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries that ultimately ended global bimetallism, i.e., a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between gold and silver currencies. As a result, silver currencies depreciated sharply, and severe deflation ensued in the gold block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the contemporaneous debate and statistical evidence suggest that it acted preemptively: the Australian and Californian gold discoveries of around 1850 had greatly increased the global supply of gold. By the mid-1860s, gold threatened to crowd out silver money in France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked exclusion from the fixed exchange rate system that tied together the major industrial economies. Reform required French accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France settled the war indemnity and regained sovereignty in late 1873. In this situation, switching to gold was superior to adopting bimetallism, as it prevented France from derailing Germany’s reform ex-post.
Author: Mr.Johannes Wiegand
Publisher:
Published: 2019
Total Pages:
ISBN-13: 9781498301244
DOWNLOAD EBOOK →Author: Eugene A. Birnbaum
Publisher: Princeton, N.J. : International Finance Section, Princeton University
Published: 1968
Total Pages: 64
ISBN-13:
DOWNLOAD EBOOK →