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Gresham on Horseback: The Monetary Roots of Spanish American Political Fragmentation in the Nineteenth Century
Irigoin, Maria Alejandra - College of New Jersey <Princeton, NJ> - 2006
The economics literature is full of studies of monetary or currency unions ranging from the sterling area before 1914, to the Bretton Woods system later and the euro zone within the European Monetary Union today. A quick search in Econ-Lit returned over 10,000 entries among abstracts and...
Persistent link: https://www.econbiz.de/10005870564
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Monetary Policy Under the Gold Standard - Examining the Case of Norway, 1893-1914
Øksendal, Lars Fredrik - 2008
regime prior to World War I. While the evidence clearly demonstrates that the commitment to gold convertibility was the …This essay examines Norwegian monetary policy under the final decades of the classical international gold standard … balance of payments. Rather than forcefully reducing domestic circulation during seasonal fluctuations in the flow of gold …
Persistent link: https://www.econbiz.de/10012143694
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US Monetary Policy in a Globalized World
Cuaresma, Jesús Crespo; Doppelhofer, Gernot; … - 2016
We analyze the interaction between monetary policy in the US and the global economy proposing a new class of Bayesian global vector autoregressive models that accounts for time-varying parameters and stochastic volatility (TVP-SV-GVAR). We find that a contractionary US monetary policy shock...
Persistent link: https://www.econbiz.de/10013370122
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Rational expectations and inflation targeting: An analysis for ten countries
Fromlet, Pia - 2010
In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future deviation from target given information about the...
Persistent link: https://www.econbiz.de/10010321410
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Deutsche Reichsbank - Entstehung, Funktion und Politik
Heine, Michael; Herr, Hansjörg - 2021
, war die Einlösung ihrer Banknoten in Gold und damit implizit die Verteidigung der fixen Wechselkurse im Goldstandard … Währung geschaffen zusammen mit der Gründung der Deutschen Reichsbank im Jahre 1876. England folgend wurde der Goldstandard … etabliert mit dem Recht Banknoten in Gold zu tauschen und umgekehrt. Die Deckung der Banknoten wurde durch ein kompliziertes …
Persistent link: https://www.econbiz.de/10012595530
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In Pursuit of a Stable Stabilization Policy in Sweden. From the Gold Standard to Inflation Targeting and Beyond
Jonung, Lars - 2019
In a historical perspective, the stabilization policy regime in Sweden is in a state of constant change, affected by economic crises, international impulses, domestic politics, and developments in macroeconomic theory. Economists have been deeply involved in this process. The current framework...
Persistent link: https://www.econbiz.de/10013208861
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The Bank of England as the World Gold Market-Maker During the Classical Gold Standard Era, 1889-1910
Ugolini, Stefano - 2012
understood in connection to the Bank's role as gold market-maker in London and to the position of London as world gold market …This paper studies the microfoundations of the so-called "gold device" policy by analysing a new dataset on the Bank of … England's operations in the gold market at the heyday of the classical gold standard. It explains that "gold devices" must be …
Persistent link: https://www.econbiz.de/10012143803
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The Decentralised Central Bank: Regional Bank Rate Autonomy in Norway, 1850-1892
Klovland, Jan Tore; Øksendal, Lars Fredrik - 2015
reconciled with the fixed exchange rate commitments of the silver and gold standard. Although the headquarters of the bank was in …
Persistent link: https://www.econbiz.de/10012143876
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Understanding money using historical evidence
Brzezinski, Adam; Palma, Nuno; Velde, François R. - 2024
Debates about the nature and economic role of money are mostly informed by evidence from the 20th century, but money has existed for millennia. We argue that there are many lessons to be learned from monetary history that are relevant for current topics of policy relevance. The past acts as a...
Persistent link: https://www.econbiz.de/10014581801
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Emerging from the war: Gold standard mentality, current accounts and the international business cycle 1885-1939
Hoffmann, Mathias; Woitek, Ulrich - 2011
Gold Standard and during the Interwar period. We interpret this as evidence for Gold Standard mentality: the expectation …
Persistent link: https://www.econbiz.de/10010316919