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Was the emergence of the international gold standard expected? Melodramatic evidence from Indian government securities
Flandreau, Marc; Oosterlinck, Kim - 2011
supplies. However, more recent work has shown that the option character of bimetallism provided a stabilizing feedback loop … that up until 1874 markets were expecting bimetallism to last. It is only after this date that markets gradually started …
Persistent link: https://www.econbiz.de/10010316773
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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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Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31
Obstfeld, Maurice; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2003
conventional wisdom concerning the limited credibility of the interwar gold standard. Before 1914, gold standard adherence … effectively signalled credibility and shaved 40 to 60 basis points from country borrowing spreads. In the 1920s, however, simply …
Persistent link: https://www.econbiz.de/10005497898
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Black Man’s Burden: Measured Philanthropy in the British Empire, 1880-1913
Accominotti, Olivier; Flandreau, Marc; Rezzik, Riad; … - C.E.P.R. Discussion Papers - 2008
Ferguson and Schularick (2006) recently provided a measure of the effect of Empire subjection on borrowing countries’ interest rates. They find this effect to be large and significant, ranging between 80 to 180 basis points. We argue that their methodology is inadequate and that their...
Persistent link: https://www.econbiz.de/10005666472
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Detection of implicit fluctuation bands and their credibility in EU candidate countries
Sosvilla-Rivero, Simón; Ramos-Herrera, María del Carmen - In: Baltic journal of economics 15 (2015) 1, pp. 18-37
different methods to study the credibility of the detected fluctuation bands. The detected lack of credibility in a high … percentage of the sample is robust to the use of several credibility tests, suggesting that economic agents do not behave as if …
Persistent link: https://www.econbiz.de/10011890541
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On the Credibility of Currency Boards
Feuerstein, Switgard; Grimm, Oliver - 2004
The paper compares the credibility of currency boards and (standard) pegs. Abandoning a currency board requires a time …
Persistent link: https://www.econbiz.de/10010296385
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Detection of implicit fluctuation bands and their credibility in EU candidate countries
Sosvilla-Rivero, Simón; del Carmen Ramos-Herrera, María - In: Baltic Journal of Economics 15 (2015) 1, pp. 18-37
different methods to study the credibility of the detected fluctuation bands. The detected lack of credibility in a high … percentage of the sample is robust to the use of several credibility tests, suggesting that economic agents do not behave as if …
Persistent link: https://www.econbiz.de/10011868495
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On the Credibility of Currency Boards
Feuerstein, Switgard; Grimm, Oliver - Center for European, Governance and Economic … - 2004
The paper compares the credibility of currency boards and (standard) pegs. Abandoning a currency board requires a time …
Persistent link: https://www.econbiz.de/10010954296