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This paper provides new evidence on the decline of sterling as an international currency, focusing on its role as foreign exchange reserve asset under the Bretton Woods era. Using a unique new dataset on the composition of foreign exchange reserves of central banks, I show that the shift away...
Persistent link: https://www.econbiz.de/10012171275
the early 1930s. In his view, the growth of foreign exchange reserves after World War Two repeated, but on a much larger … scale, their similar expansion after the First World War. Triffin argued that the gold exchange standard had been a highly …
Persistent link: https://www.econbiz.de/10013549701
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Part 1: Purchasing Power Parity: Origin and Use -- Chapter 1: Salamancans and Gerard Malynes -- Chapter 2: Gustav Cassel -- Chapter 3: Purchasing Power Parity in Economic History -- Chapter 4: Afterword to Part I -- Part 2: Purchasing Power Parity: Empirical Studies -- Chapter 5: Absolute and...
Persistent link: https://www.econbiz.de/10013392532
modern history of the global economic system seems to support the long-held view that the leading world power's currency …
Persistent link: https://www.econbiz.de/10011792993
This book explores the characteristics of inflations, comparing historical cases from Roman times up to the modern day. High and moderate inflations caused by the inflationary bias of political systems and economic relationships – and the importance of different monetary regimes in containing...
Persistent link: https://www.econbiz.de/10011851086
modern history of the global economic system seems to support the long-held view that the leading world power’s currency …
Persistent link: https://www.econbiz.de/10014481631
Persistent link: https://www.econbiz.de/10000857815
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