The inter–war gold exchange standard: Credibility and monetary independence
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In this paper, the authors analyzed the operation of the interwar gold exchange standard to see if the evident credibility of the system conferred on participating central banks the ability to pursue independent monetary policies.About:
This article is published in Journal of International Money and Finance.The article was published on 2003-02-01 and is currently open access. It has received 29 citations till now. The article focuses on the topics: Interest rate parity & Covered interest arbitrage.read more
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Does gold offer a better protection against losses in sovereign debt bonds than other metals
TL;DR: This article showed that industrial metals, especially copper, tend to outperform gold and other precious metals as hedging vehicles and safe haven assets against losses in sovereign bonds and that copper is the best performing metal in the period immediately after negative bond price shocks.
Journal ArticleDOI
The Stability of the Interwar Gold Exchange Standard: Did Politics Matter?
TL;DR: This article proposed a discrete time duration model (using a panel data set of 24 countries for 1928-1936) to analyze how economic and political indicators affected a country's term on the gold standard.
Dissertation
Endettement public et crédibilité des accords monétaires : l'expérience de l'entre-deux guerres
TL;DR: In this paper, the authors discuss the influence of the endettement public on the development of the French economy and its effect on the country's finances, in particular on the adoption of the Endettement Public.
Posted Content
Central Bank Credibility: An Historical and Quantitative Exploration
TL;DR: In this paper, the authors provide empirical measures of central bank credibility and augment these with historical narratives from eleven countries, focusing on measures of inflation expectations, the mean reversion properties of inflation, and indicators of exchange rate risk.
References
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Identification of the Long-Run and the Short-Run Structure: An Application to the ISLM Model
Søren Johansen,Katarina Juselius +1 more
TL;DR: In this article, the identification of the equations and the cointegrating relations is achieved by linear restrictions on the parameters and a criterion for a statistical model to be identifying is given.
Journal ArticleDOI
Identification of the long-run and the short-run structure an application to the ISLM model
Søren Johansen,Katarina Juselius +1 more
TL;DR: The problem of identification in a model with cointegration is discussed and a criterion for a statistical model to be identifying is given and a switching algorithm for calculating the restricted parameters is proposed.
Book
Misspecification tests in econometrics
TL;DR: In this article, the main emphasis is on the Lagrange multiplier principle, which provides considerable unification, although several other approaches are also considered, including general checks for model adequacy that do not involve formulation of an alternative hypothesis.