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Scylla and Charybdis : explaining Europe's exit from gold, January 1928 - December 1936
Wolf, Nikolaus (contributor) - 2008
Persistent link: https://www.econbiz.de/10003674389
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Roman Transport Network Connectivity and Economic Integration
Flückiger, Matthias; Hornung, Erik; Larch, Mario; … - 2019 - This version: July 2019
We show that the creation of the first integrated pan-European transport network during Roman times influences economic integration over two millennia. Drawing on spatially highly disaggregated data on excavated Roman ceramics, we document that interregional trade was strongly influenced by...
Persistent link: https://www.econbiz.de/10012033121
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Economic nationalism and economic integration : the Austro-Hungarian Empire in the late nineteenth century
Schulze, Max-Stephan; Wolf, Nikolaus - 2009
This paper seeks to reconcile two seemingly contradictory strands in the literature on economic development in the late nineteenth century Habsburg Empire - one emphasizing the centrifugal impact of rising intra-empire of nationalism, the other stressing significant improvements in market...
Persistent link: https://www.econbiz.de/10003888097
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Overvalued : Swedish monetary policy in the 1930s
Rathke, Alexander; Straumann, Tobias; Woitek, Ulrich - 2011
This paper reconsiders the role of monetary policy in Sweden's strong recovery from the Great Depression. The Riksbank …, our findings suggest that Sweden avoided the worst excesses of the depression by conducting conservative rather than … innovative monetary policy. We find that, by keeping the Swedish krona undervalued to replenish foreign reserves, Sweden …
Persistent link: https://www.econbiz.de/10009489289
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Causal effects of countercyclical interest rates : evidence from the classical gold standard
Mitchener, Kris; Pina, Gonçalo - 2022
We estimate the causal impact of countercyclical interest rates on macroeconomic outcomes in open economies. To identify countercyclical interest rates, we construct a new database of short-term interest rates, principal exports, and international commodity prices for 40 economies from 1870 to...
Persistent link: https://www.econbiz.de/10013183777
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Pegxit pressure : evidence from the classical gold standard
Mitchener, Kris; Pina, Gonçalo - 2016
We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...
Persistent link: https://www.econbiz.de/10011568741
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Divorce and gold coins : a case Study of Iran
Farzanegan, Mohammad Reza; Fereidouni, Hassan Gholipour - 2018 - This version: November 2017
The increasing divorce rate has become a major social concern for policy makers in the Islamic government of Iran. The price of gold coin is an important factor in cost-benefit analysis for individuals in their marriage and divorce decisions in Iran. Dowries (Mehrieh) are usually in the form of...
Persistent link: https://www.econbiz.de/10011793884
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Shooting on a moving target : explaining European Bank rates during the interwar period
Wandschneider, Kirsten; Wolf, Nikolaus - 2009
This paper describes the monetary policy response of countries during the inter-war period. How did central banks react to the Great Depression? How did countries balance the externals demands of the gold standard with domestic policy pressures? What was the optimal level of international policy...
Persistent link: https://www.econbiz.de/10003854474
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How money relates to value? : an empirical examination on gold, silver and bitcoin
Alves, José; Gonçalves, João Quental - 2022
The present work offers a review on two divergent schools of thought regarding the subject of money and highlights why understanding it is important to grasp the workings and nature of the concept of money. We adopt a spontaneous order perspective on social institutions, considering money as...
Persistent link: https://www.econbiz.de/10013170942
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Gold and silver as safe havens : a fractional integration and cointegration analysis
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2022
This paper investigates whether gold and silver can be considered safe havens by examining their long-run linkages with 22 stock price indices. More specifically, the stochastic properties of the differential between gold/silver prices and 22 stock indices are analysed applying fractional...
Persistent link: https://www.econbiz.de/10013445596