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.
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Crash! Expectational Aspects of the Departures of the United Kingdom and the United States from the Inter-War Gold Standard*
TL;DR: In this paper, the authors investigated the pressures on the UK and USA to devalue their currencies against gold in 1931 and 1933, respectively, and derived time-series of realignment expectations for the pound and the dollar.
ReportDOI
Violations of the `Rules of the Game' and the Credibility of the Classical Gold Standard, 1880-1914
TL;DR: In this paper, the authors examined the classical gold standard from the perspective of the failure of countries to play by the rules of the game in the classical period and found that it represented a credible, well-behaved target zone system.