Do Old Habits Die Hard? : Central Banks and the Bretton Woods Gold Puzzle /

Why did monetary authorities hold large gold reserves under Bretton Woods (1944-1971) when only the US had to? We argue that gold holdings were driven by institutional memory and persistent habits of central bankers. Countries continued to back currency in circulation with gold reserves, following r...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Monnet, Eric
مؤلفون آخرون: Puy, Damien
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2019.
سلاسل:IMF Working Papers; Working Paper ; No. 2019/161
الوصول للمادة أونلاين:Full text available on IMF