Author: Alec George FordPublisher: Oxford : Clarendon Press
ISBN:
Category : Currency question
Languages : en
Pages : 220
Book Description
The Gold Standard, 1880-1914: Britain and Argentina
Author: Alec George FordPublisher: Oxford : Clarendon Press
ISBN:
Category : Currency question
Languages : en
Pages : 220
Book Description
The Gold Standard 1880-1914. Britain and Argentina
Author: A. G. FordThe Gold Standard Since Alec Ford
Author: Barry J. EichengreenPublisher:
ISBN:
Category : Economic history
Languages : en
Pages : 68
Book Description
This paper surveys studies of the operation of the classical gold standard published subsequent to the appearance of Alec Ford's The Gold Standard 1880-1914: Britain and Argentina in 1962. Contributions tend to fall under two headings: those which emphasize stock equilibrium in money markets (examples of the so-called "monetary approach") and those which emphasize instead stockflow interactions in bond markets. The paper then addresses the perennial question of how the gold standard worked. A central element of my explanation for the stability of the gold standard at the center is the credibility of the official commitment to gold. Knowing that policymakers would intervene in defense of the gold standard, markets responded in the same direction in anticipation of official action. Hence the need for actual intervention was minimized. Credibility derived from the fact that the commitment to the gold standard was international. Central banks like the Bank of England could rely on foreign assistance in times of exceptional stress. Again, the need for actual assistance was minimized because the commitment to offer it was fully credible. Thus, international cooperation is a central element of my explanation of how the classical gold standard worked.
The Anatomy of an International Monetary Regime
Author: Giulio M. GallarottiPublisher:
ISBN: 9780197709948
Category : Gold standard
Languages : en
Pages : 0
Book Description
This historical analysis of the gold standard from 1880-1914 focuses on the origins and workings of the gold standard as an international system. It describes how the system functioned smoothly until the onset of World War I, when the foundations began to weaken.
The International Gold Standard Reinterpreted, 1914-1934
Author: William Adams BrownPublisher:
ISBN:
Category : Currency question
Languages : en
Pages : 790
Book Description
Monetary policy under the international gold standard, 1880-1914
Author: Arthur Irving BloomfieldPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Monetary Regimes in Transition
Author: Michael D. BordoPublisher: Cambridge University Press
ISBN: 0521030420
Category : Business & Economics
Languages : en
Pages : 413
Book Description
This important contribution to comparative economic history examines different countries' experiences with different monetary regimes. The contributors lay particular emphasis on how the regimes fared when placed under stress such as wars and or other changes in the economic environment. Covering the experience of ten countries over the period 1700SH1990, the book employs the latest techniques of economic analysis in order to understand why particular monetary regimes and policies succeeded or failed.
Monetary Policy Under the International Gold Standard: 1880-1914
Author: Arthur Irving BloomfieldPublisher:
ISBN:
Category :
Languages : en
Pages : 62
Book Description
Development Centre Studies The Making of Global Finance 1880-1913
Author: Flandreau MarcPublisher: OECD Publishing
ISBN: 9264015361
Category :
Languages : en
Pages : 144
Book Description
This book traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development.
The Gold Standard at the Turn of the Twentieth Century
Author: Steven BryanPublisher: Columbia University Press
ISBN: 0231526334
Category : History
Languages : en
Pages : 287
Book Description
By the end of the nineteenth century, the world was ready to adopt the gold standard out of concerns of national power, prestige, and anti-English competition. Yet although the gold standard allowed countries to enact a virtual single world currency, the years before World War I were not a time of unfettered liberal economics and one-world, one-market harmony. Outside of Europe, the gold standard became a tool for nationalists and protectionists primarily interested in growing domestic industry and imperial expansion. This overlooked trend, provocatively reassessed in Steven Bryan's well-documented history, contradicts our conception of the gold standard as a British-based system infused with English ideas, interests, and institutions. In countries like Japan and Argentina, where nationalist concerns focused on infant-industry protection and the growth of military power, the gold standard enabled the expansion of trade and the goals of the age: industry and empire. Bryan argues that these countries looked less to Britain and more to North America and the rest of Europe for ideological models. Not only does this history challenge our idealistic notions of the prewar period, but it also reorients our understanding of the history that followed. Policymakers of the 1920s latched onto the idea that global prosperity before World War I was the result of a system dominated by English liberalism. Their attempt to reproduce this triumph helped bring about the global downturn, the Great Depression, and the collapse of the interwar world.