Estevadeordal, Antoni; Frantz, Brian; Taylor, Alan M. - 2021
and the period 1914 39 its death. What caused the boom and bust? We use an augmented gravity model to examine the gold … standard, tariffs, and transport costs as determinants of trade. Until 1913 the rise of the gold standard and the fall in …, the final collapse of the gold standard drove trade volumes even lower …