Transmission of the Great Depression
To a first approximation, the question of how the Great Depression spread from country to country is short and straightforward: fixed exchange rates under the gold standard transmitted negative demand shocks. The first half of this paper will describe current thinking about the relationship between the gold standard and the Great Depression. The second half of the paper will look at a phenomenon not included in this first approximation: financial crises. Many have noted that banking panics and currency crises are bad for national economies, but few have tried to model their international spread.
Volume (Year): 7 (1993)
Issue (Month): 2 (Spring)
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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.:
- Garber, P.M. & Grilli, V., 1988.
"Bank Runs In Open Economies And The International Transmission Of Panics,"
552, Yale - Economic Growth Center.
- Garber, Peter M. & Grilli, Vittorio U., 1989. "Bank runs in open economies and the international transmission of panics," Journal of International Economics, Elsevier, vol. 27(1-2), pages 165-175, August.
- Garber, P.M. & Grilli, V.U., 1988. "Bank Runs In Open Economies And The International Transmission Of Panics," RCER Working Papers 122, University of Rochester - Center for Economic Research (RCER).
- Peter M. Garber & Vittorio U. Grilli, 1988. "Bank Runs in Open Economies and The International Transmission of Panics," NBER Working Papers 2764, National Bureau of Economic Research, Inc.
- Eichengreen, Barry & Sachs, Jeffrey, 1985.
"Exchange Rates and Economic Recovery in the 1930s,"
The Journal of Economic History,
Cambridge University Press, vol. 45(04), pages 925-946, December.
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- Campa, José Manuel, 1990. "Exchange Rates and Economic Recovery in the 1930s: An Extension to Lation America," The Journal of Economic History, Cambridge University Press, vol. 50(03), pages 677-682, September.
- Barry Eichengreen, 1992.
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National Bureau of Economic Research, Inc, number eich92-1, 07.
- Eichengreen, Barry, 1996. "Golden Fetters: The Gold Standard and the Great Depression, 1919-1939," OUP Catalogue, Oxford University Press, number 9780195101133, March.
- Field, Alexander J., 1984. "A New Interpretation of the Onset of the Great Depression," The Journal of Economic History, Cambridge University Press, vol. 44(02), pages 489-498, June.
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