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 …

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

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 …

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

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

-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 …

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

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 …

future policy. The experiences of these major countries suggest that the gold standard was intended as a contingent rule. By … that, we mean, that the authorities could temporarily abandon the fixed price of gold during a wartime emergency on the … understanding that convertibility at the original price of gold would be restored when the emergency passed. The experiences of …

gold and key currencies as international reserves: Keynes' Bancor, the SDR and the Ecu( predecessor to the euro).The latter …