The Gold Standard and Center-Periphery Interactions
AbstractThe Gold Standard was an asymmetrical system, with different rules of the game for the Center and the Periphery. The periphery was for most of the time off the gold standard system, and effectively in an exchange-gold system. This paper will analyze the main effects of this hybrid system on the balance of payments adjustment mechanism of central and peripheral countries. It will be argued that the conventional wisdom that assumed a smooth and symmetrical adjustment of the balance of payments in the center and periphery is incorrect.
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Bibliographic InfoPaper provided by University of Utah, Department of Economics in its series Working Paper Series, Department of Economics, University of Utah with number 2003_10.
Length: 23 pages
Date of creation: 2003
Date of revision:
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More information through EDIRC
Gold Standard; Balance of Payments;
Find related papers by JEL classification:
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F39 - International Economics - - International Finance - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-04-04 (All new papers)
- NEP-MAC-2004-04-04 (Macroeconomics)
- NEP-PKE-2004-04-04 (Post Keynesian Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Contractionary Effects of Devaluations,"
191, Massachusetts Institute of Technology (MIT), Department of Economics.
- Brewer, Anthony, 1985. "Trade with fixed real wages and mobile capital," Journal of International Economics, Elsevier, vol. 18(1-2), pages 177-186, February.
- Barry Eichengreen & Ricardo Hausmann, 1999.
"Exchange rates and financial fragility,"
Federal Reserve Bank of Kansas City, pages 329-368.
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