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We compare the resumption of convertibility into gold by the United States in 1879 and Britain in 1925 to ascertain the …
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We compare the resumption of convertibility into gold by the United States in 1879 and Britain in 1925 to ascertain the …
Persistent link: https://www.econbiz.de/10013309221
Purpose The article examines Sheikh Ahmad Khatib Al-Minangkabauwi's initial concept of paper money, which in the early 20th century wrote Risala Raf'u Al-Iltibas. Design/methodology/approach This paper uses a qualitative approach based on the critical extraction analysis that can reveal a set of...
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rule. Following earlier work, we look at the gold standard era (1880-1914) as a "natural experiment" to test whether … adoption of a rule-based monetary framework such as the gold standard increased policy credibility. On the basis of the largest … view that gold standard adherence worked as a credible commitment mechanism that was rewarded by financial markets with …
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