Getting pegged: comparing the 1879 and 1925 gold resumptions

被引:6
作者
Bayoumi, T [1 ]
Bordo, MD
机构
[1] Int Monetary Fund, Washington, DC 20431 USA
[2] Rutgers State Univ, Piscataway, NJ 08855 USA
[3] NBER, Cambridge, MA 02138 USA
来源
OXFORD ECONOMIC PAPERS-NEW SERIES | 1998年 / 50卷 / 01期
关键词
D O I
10.1093/oxfordjournals.oep.a028633
中图分类号
F [经济];
学科分类号
02 ;
摘要
We 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 We conclude that external factors were the most important determinant of the very different outcomes of the two episodes.
引用
收藏
页码:122 / 149
页数:28
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