Download or read book Key Currencies and Gold 1900 1913 written by Peter H. Lindert and published by . This book was released on 1969 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Key Currencies and Gold 1900 1913 written by Peter Harrison Lindert (Wirtschaftswissenschaftler.) and published by . This book was released on 1969 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Key Currencies and the Gold Exchange Standard 1900 1913 written by Peter H. Lindert and published by . This book was released on 1967 with total page 634 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brief History of the Gold Standard GS in the United States written by Craig K. Elwell and published by DIANE Publishing. This book was released on 2011-10 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. monetary system is based on paper money backed by the full faith and credit of the fed. gov't. The currency is neither valued in, backed by, nor officially convertible into gold or silver. Through much of its history, however, the U.S. was on a metallic standard of one sort or another. On occasion, there are calls to return to such a system. Such calls are usually accompanied by claims that gold or silver backing has provided considerable economic benefits in the past. This report reviews the history of the GS in the U.S. It clarifies the dates during which the GS was used, the type of GS in operation at the various times, and the statutory changes used to alter the GS and eventually end it. It is not a discussion of the merits of the GS. A print on demand oub.
Download or read book The Cambridge Economic History of Europe written by Michael Moïssey Postan and published by Cambridge University Press. This book was released on 1966 with total page 1278 pages. Available in PDF, EPUB and Kindle. Book excerpt: For contents and other editions, see Title Catalog.
Download or read book From Versailles to Wall Street 1919 1929 written by Derek Howard Aldcroft and published by Univ of California Press. This book was released on 1981-01-01 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Destabilizing the Global Monetary System Germany s Adoption of the Gold Standard in the Early 1870s written by Mr.Johannes Wiegand and published by International Monetary Fund. This book was released on 2019-02-15 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries that ultimately ended global bimetallism, i.e., a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between gold and silver currencies. As a result, silver currencies depreciated sharply, and severe deflation ensued in the gold block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the contemporaneous debate and statistical evidence suggest that it acted preemptively: the Australian and Californian gold discoveries of around 1850 had greatly increased the global supply of gold. By the mid-1860s, gold threatened to crowd out silver money in France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked exclusion from the fixed exchange rate system that tied together the major industrial economies. Reform required French accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France settled the war indemnity and regained sovereignty in late 1873. In this situation, switching to gold was superior to adopting bimetallism, as it prevented France from derailing Germany’s reform ex-post.
Download or read book Development Centre Studies The Making of Global Finance 1880 1913 written by Flandreau Marc and published by OECD Publishing. This book was released on 2009-10-30 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development.
Download or read book The Internationalization of Yen and Key Currency Questions written by Toru Iwami and published by International Monetary Fund. This book was released on 1994-04-01 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of the yen in the International financial system is reconsidered from a comparative (historical) approach. Compared with the D-Mark in the postwar years, the limited use of the yen results not so much from regulations on capital movements as from the structure and behavior of Japanese economy. The history of the pound-sterling and the U.S. dollar reveals the fact that such factors as the network of foreign trade and economic size constitute the basis and “inertia” of a key-currency. Thus for a currency to rise to a key-position in global transactions, real factors are more decisive than financial market arrangement. Seen from the foreign economic relations, it is not possible for Japan to own a key-currency independent from the U.S. dollar.
Download or read book International Financial History in the Twentieth Century written by Marc Flandreau and published by Cambridge University Press. This book was released on 2003 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays, written by leading experts, examine the history of the international financial system in terms of the debate about globalization and its limits. In the nineteenth century, international markets existed without international institutions. A response to the problems of capital flows came in the form of attempts to regulate national capital markets (for instance through the establishment of central banks). In the inter-war years, there were (largely unsuccessful) attempts at designing a genuine international trade and monetary system; and at the same time (coincidentally) the system collapsed. In the post-1945 era, the intended design effort was infinitely more successful. The development of large international capital markets since the 1960s, however, increasingly frustrated attempts at international control. The emphasis has shifted in consequence to debates about increasing the transparency and effectiveness of markets; but these are exactly the issues that already dominated the nineteenth-century discussions.
Download or read book How Global Currencies Work written by Barry Eichengreen and published by Princeton University Press. This book was released on 2019-02-26 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the history of the modern global economy seems to support the long-held view that the currency of the world’s leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists overturn this conventional wisdom. Offering a new history of global finance over the past two centuries and marshaling extensive new data to test current theories of how global currencies work, the authors show that several national monies can share international currency status—and that their importance can change rapidly. They demonstrate how changes in technology and international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. In fact, they show that multiple international and reserve currencies have coexisted in the past—upending the traditional view of the British pound’s dominance before 1945 and the U.S. dollar’s postwar dominance. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability.
Download or read book Enterprise and Trade in Victorian Britain written by D. N. McCloskey and published by Routledge. This book was released on 2013-10-16 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this book focus on the controversies concerning Britain's economic performance between the mid-nineteenth century and the First World War. The overriding theme is that Britain's own resources were consistently more productive, more resilient and more successful than is normally assumed. And if the economy's achievement was considerable, the influence on it of external factors (trade, international competition, policy) were much less significant than is normally supposed. The book is structured as follows: Part One: The Method of Historical Economics Part Two: Enterprise in Late Victorian Britain Part Three: Britain in the World Economy, 1846-1913.
Download or read book Federalism Failure and Success written by Ursula K. Hicks and published by Springer. This book was released on 2016-01-09 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Elusive Stability written by Barry Eichengreen and published by Cambridge University Press. This book was released on 1990 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new interpretation of the operation and macroeconomic repercussions of the international monetary system during the interwar years.
Download or read book Seasonal Movements of Exchange Rates and Interest Rates Under the Pre World War I Gold Standard written by Ellen Foster and published by Routledge. This book was released on 2017-04-21 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1994. This work investigates seasonal fluctuations of US and British short term nominal interest rates, the dollar-sterling exchange rate and short term interest rate differentials between the US and Britain during the period 1883-1913. It finds that during the pre-World War Gold Standard seasonal movements in exchange rates did not tend to offset the seasonal fluctuations in interest rate differentials. It presents a model to explain the fluctuations and outlines two specific empirical investigations, considering the results in the light of more recent historical periods as well.
Download or read book The Evolution of the International Monetary System written by Robert Triffin and published by . This book was released on 1964 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Columbia History of the 20th Century written by Richard W. Bulliet and published by Columbia University Press. This book was released on 1998 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is a series of twenty-three linked interpretive essays on the most significant developments in modern times--ranging from athletics to art, the economy to the environment.
