, Hayek argued that monetary expansion was an inappropriate remedy to cure the deflation and high unemployment caused by the … factors responsible for his early policy recommendations seem to be his attachment to the gold standard and the seeming … necessity for countries to accept deflation to maintain convertibility and his hope or expectation that deflation would …

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 rules of the pre-WWII gold standard. The longer an institution …

I study whether monetary gold hoarding was the main cause of the Great Depression in a structural VAR analysis. The … monetary disturbances as shocks to central bank gold demand. Based on a monetary DSGE model, the world gold reserve ratio (the … ratio of central bank gold holdings to monetary liabilities) is used to describe monetary conditions. This permits the use …

money for gold or any other good. Central banks have the monopoly to issue central bank money and have the power to create … traces the painful farewell from gold from the Classical Gold Standard in the early 19th century up to the end of the Bretton …

indicate that, as of late, bitcoin has become increasingly interdependent with gold, and seems just as suitable to hedge …

our problem allowing us to ask how old forms of money such as Gold and Silver hold up in today's world regarding their …. We analyse price dynamics from 1980 to 2020 for gold and silver resorting to annual data. Regarding bitcoin we employ …