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them to mutualise their gold reserves in emergency situations. Gold reserve sharing was especially important in response to … union. But fortunes could change quickly, with emergency recipients of gold turning into providers. Because regional …
Persistent link: https://www.econbiz.de/10011605731
The emergence of the gold standard has for a long time been viewed as inevitable. Fluctuations of the gold …-silver exchange rate in world markets were accused to lead to brutal and unsustainable switches of bimetallic countries' money … analyze agents' expectations between 1860 and 1890. The intuition is that the spread between gold and silver bonds issued by …
Persistent link: https://www.econbiz.de/10010316773
to the Great Depression? How did countries balance the externals demands of the gold standard with domestic policy … estimate central bank rate reaction functions for a panel of 22 countries during the inter-war gold standard. The estimates …
Persistent link: https://www.econbiz.de/10010277246
Persistent link: https://www.econbiz.de/10011695909
Currency debasement, defined as a loss of precious metal content (intrinsic value) of the circulating penny currencies over time, was a common feature in the monetary history of Europe, c. 1400–1900. Over the centuries the loss rate was sustained; between 1400 and 1900 A. D. the (south) German...
Persistent link: https://www.econbiz.de/10014521702
"A century of macroeconomic and monetary thought at the National Bank of Belgium" traces the history of economic research at the National Bank of Belgium, from the early decades of the 20th century to its present functioning in the Eurosystem. The study also goes into the major economic policy...
Persistent link: https://www.econbiz.de/10011506708
Persistent link: https://www.econbiz.de/10011695910
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central …
Persistent link: https://www.econbiz.de/10010298759
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central …
Persistent link: https://www.econbiz.de/10010303730
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central …
Persistent link: https://www.econbiz.de/10011605066