The Stability of the Gold Standard and the Evolution of the International Monetary System /

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 succ...

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Autor principal: Bayoumi, Tamim
Altres autors: Eichengreen, Barry
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1995.
Col·lecció:IMF Working Papers; Working Paper ; No. 1995/089
Accés en línia:Full text available on IMF
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245 1 4 |a The Stability of the Gold Standard and the Evolution of the International Monetary System /  |c Tamim Bayoumi, Barry Eichengreen. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1995. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Eichengreen, Barry. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1995/089 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1995/089/001.1995.issue-089-en.xml  |z IMF e-Library