Download Exchange Rates in the Periphery and International Adjustment Under the Gold Standard

Exchange Rates in the Periphery and International Adjustment Under the Gold Standard High quality books

Exchange Rates in the Periphery and International Adjustment Under the Gold Standard
By:Mr. Luis Catão,Mr. Solomos Solomou
Published on 2003-02-01 by International Monetary Fund

The role of exchange rate flexibility in the periphery of the gold standard has been grossly overlooked. This paper builds a new dataset on trade-weighed exchange rates for the period 1870-1913 and finds that large currency movements in periphery countries operating inconvertible paper-money and silver-standard regimes induced major fluctuations in effective exchange rates worldwide. We relate the phenomenon to the international trade structure at the time and show that such currency fluctuations had powerful effects on trade flows. We conclude that nominal exchange rate flexibility in the periphery was an important ingredient of international payments adjustment under the gold standard.

This Book was ranked at 31 by Google Books for keyword Gold bloc.

Book ID of Exchange Rates in the Periphery and International Adjustment Under the Gold Standard's Books is -kOOfOUYQ5IC, Book which was written byMr. Luis Catão,Mr. Solomos Solomouhave ETAG "LXlm6P+1k2I"

Book which was published by International Monetary Fund since 2003-02-01 have ISBNs, ISBN 13 Code is 9781451893359 and ISBN 10 Code is 1451893353

Reading Mode in Text Status is false and Reading Mode in Image Status is true

Book which have "37 Pages" is Printed at BOOK under CategoryBusiness and Economics

This Book was rated by Raters and have average rate at ""

This eBook Maturity (Adult Book) status is NOT_MATURE

Book was written in en

eBook Version Availability Status at PDF is true and in ePub is false

Book Preview