Bordo, Michael D.; Meissner, Christopher M.; … - In: Journal of International Money and Finance 28 (2009) 6, pp. 1022-1044
A natural experiment is used to study exchange rate depreciation and perceived sovereign risk. France suspended coinage of silver in 1876 provoking a significant exogenous depreciation of all silver standard countries versus gold standard currencies like the British pound - the currency in which...