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lender of last resort. The lesson of Sweden's history of crises under the classical specie standard is that a transitional …
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theory. The re-establishment of the silver standard guaranteed by the central bank was crucial for this process, since it …
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This paper explores how international capital movements affected the domestic money supply. This requires that the causality at work in the adjustment process be analyzed. For this purpose, series of central bank reserves, the monetary base, the money supply and the balance of payments were...
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