The paper is a study of the price level and relative price effects of a policy to monetize gold and fix its price at a … gold standard and during the post-monetization period. The paper also explores the adjustments to fiat money which are … necessary to ensure that this type of gold monetization is non-inflationary. Finally, some conditions which produce a run on the …

We describe in this essay why the gold standard and the euro are extreme forms of fixed exchange rates, and how these …

We compare the resumption of convertibility into gold by the United States in 1879 and Britain in 1925 to ascertain the …

reflected systematically in the price of gold and, hence, that gold price movements, under the maintained hypothesis, should … of gold prices on exchange rates conditional on other monetary and real macroeconomic variables, and applies the …

The recent consensus view, that the gold standard was the leading cause of the worldwide Great Depression 1929 …-33, stems from two propositions: (1) Under the gold standard, deflationary shocks were transmitted between countries and, (2 …) for most countries, continued adherence to gold prevented monetary authorities from offsetting banking panics and blocked …

This paper examines the operation of the gold standard and the performance of the Bank of England during the crisis of … constrained to have full gold backing. Our analysis shows that suspension of Peel's act was the proper policy required for the … evaluation of the gold standard, the 1847 crisis demonstrates that International capital flows have played a key role in the …

-term domestic trade bills across countries during the classical gold standard period, the most widely used hard peg in modern … five years after a country joined the gold standard, the currency risk premium averaged at least 285 basis points for … market borrowers joined the gold standard. Positive currency risk premiums that persisted long after gold standard adoption …

rule. Following earlier work, we look at the gold standard era (1880-1914) as a "natural experiment" to test whether … adoption of a rule-based monetary framework such as the gold standard increased policy credibility. On the basis of the largest … view that gold standard adherence worked as a credible commitment mechanism that was rewarded by financial markets with …