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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| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
1995.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 1995/089 |
| オンライン･アクセス: | Full text available on IMF |