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Was the Emergence of the International Gold Standard Expected? Melodramatic Evidence from Indian Government Securities.
Flandreau, Marc; Oosterlinck, Kim - European Historical Economics Society - EHES - 2011
supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … shows that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually …
Persistent link: https://www.econbiz.de/10009415637
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Was the Emergence of the International Gold Standard Expected? Melodramatic Evidence from Indian Government Securities
Flandreau, Marc; Oosterlinck, Kim - International Economics Section, The Graduate Institute … - 2011
supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … shows that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually …
Persistent link: https://www.econbiz.de/10008788721
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Was the Emergence of the International Gold Standard Expected?Melodramatic Evidence from Indian Government Securities
OOSTERLINCK, Kim; Flandreau, Marc - Centre Emile Bernheim, Solvay Brussels School of … - 2011
supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … shows that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually …
Persistent link: https://www.econbiz.de/10008800144
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Was the emergence of the international gold standard expected? : melodramatic evidence from Indian government securities
Flandreau, Marc; Oosterlinck, Kim - 2011
standard. -- Exchange rate regime ; gold standard ; bimetallism ; credibility ; silver risk … supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … shows that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually …
Persistent link: https://www.econbiz.de/10008902902
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China's Evolving Exchange Rate Regime
Das, Sonali - 2019
China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de...
Persistent link: https://www.econbiz.de/10012889144
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The Euro Crisis (4) : From the Perspective of the Preceding Debates on Fixed Versus Flexible Exchange Rates and the European Currency Union
Richter, Rudolf - 2017
The development of the European Monetary Union is related to Milton Friedman's critique of the Bretton Woods System that started a vigorous debate about “fixed versus flexible exchange rates.” This paper contrasts briefly the arguments pro and con flexible exchange rates at this time. After...
Persistent link: https://www.econbiz.de/10012975259
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Short- and Long-Term Growth Effects of Exchange Rate Adjustment.
Kocenda, Evžen; Maurel, Mathilde; Schnabl, Gunther - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2012
The European sovereign debt crisis revived the discussion concerning pros and cons of exchange rate adjustment in the face of asymmetric shocks. In the spirit of keynes, exit from the euro area is to regain rapidly international competitiveness. In the spirit of Schumpeter, exhange rate...
Persistent link: https://www.econbiz.de/10010596146
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Will You Buy My Peg? : The Credibility of a Fixed Exchange Rate Regime as a Determinant of Bilateral Trade
Fritz-Krockow, Bernhard - 2006
supports the argument that the credibility of an exchange rate peg is an important element to determine bilateral trade. There …
Persistent link: https://www.econbiz.de/10012783128
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The Credibility of the Venezuela Crawling-Band System
Campos, María Isabel; Torres, José L.; Villegas, Esmeralda - 2007
This paper studies the credibility of the Venezuela crawling-band exchange rate regime during the period July, 1996 … - February, 2002. We show that, introducing some modifications, the credibility analysis widely applied to target zone regimes … can also be used in studying the credibility of crawling-band regimes. In analyzing the credibility of the Venezuela …
Persistent link: https://www.econbiz.de/10014053405
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Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard
Mitchener, Kris James - 2010
We test whether fixed exchange rate regimes are ever credible in emerging markets by analyzing the behavior of short-term domestic trade bills across countries during the classical gold standard period, the most widely used hard peg in modern financial history. We exploit the fact that global...
Persistent link: https://www.econbiz.de/10013150729