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 …

based on gold: circumstances which have resonance with the world of today. We identify aggregate supply, aggregate demand …

silver closely track the movements in overall prices during the classical gold standard era. The one-to-one relationship …

-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 …

monetary and financial system in transmitting those destabilizing impulses to the rest of the world. It explains the speed and … extent of the subsequent decline in terms of both banking crises and the collapse of the gold standard, which conspired in … the abandonment of the gold standard, which facilitated the pursuit of stabilizing monetary policies, but also in terms of …

The classical gold standard period, 1880-1913, witnessed deep economic integration. High capital imports were related …

has been ignored. As early as 1920, Cassel warned that mismanagement of the gold standard could lead to a severe …

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