Exchange Rates in the Periphery and International Adjustment Under the Gold Standard /
The role of exchange rate flexibility in the periphery of the gold standard has been grossly overlooked. This paper builds a new dataset on trade-weighed exchange rates for the period 1870-1913 and finds that large currency movements in periphery countries operating inconvertible paper-money and sil...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2003.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2003/041 |
| Online adgang: | Full text available on IMF |