GAI, PRASANNA; CAMERON, GAVIN; TAN, KANG YONG - In: The Economic Record 85 (2009) 271, pp. 401-416
This paper reassesses the determinants of sovereign bond yields during the classical gold standard period (1872-1913) using the pooled mean group methodology. We find that, rather than lowering risk premia directly, membership of the gold standard hastened the convergence of sovereign bond...
