Following the yellow brick road: how the United States adopted the gold standard
The United States, with some difficulty, adopted the gold standard in the late nineteenth century, thus pegging the dollar to the pound sterling and other currencies. Some have argued it was mistake, others that it was inevitable. This article recounts the historical background and uses a model to shed light on the choices faced by policymakers of the time.
Volume (Year): (2002)
Issue (Month): Q II ()
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- Victoria Miller, 1993. "Exchange rate crises with domestic bank runs: Evidence from the 1890S," Cahiers de recherche du Département des sciences économiques, UQAM 9315, Université du Québec à Montréal, Département des sciences économiques.
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