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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Detalles Bibliográficos
Autor Principal: Catao, Luis
Outros autores: Solomou, Solomos
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2003.
Series:IMF Working Papers; Working Paper ; No. 2003/041
Acceso en liña:Full text available on IMF