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Scylla and Charybdis. explaining Europe's exit from gold, January 1928-December 1936
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Wolf, Nikolaus, 1973-. (2008) Scylla and Charybdis. explaining Europe's exit from gold, January 1928-December 1936. Explorations in Economic History, Vol.45 (No.4). pp. 383-401. ISSN 0014-4983
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Official URL: http://dx.doi.org/10.1016/j.eeh.2008.02.003
Abstract
The paper examines the timing of exit from the interwar gold-exchange standard for a panel of European countries, based on monthly data over the period January 1928-December 1936. I show that exit from gold can be understood in terms of a trade-off between a limited set of factors commonly suggested in the theoretical literature on currency crises. A simple and parsimonious econometric framework that nests various hypotheses allows me to predict the month of exit in the 1930s, except for France. I consider the separate cases of France and Poland to show my results shed light on country-specific debates. (C) 2008 Elsevier Inc. All rights reserved.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
| Divisions: | Faculty of Social Sciences > Economics |
| Library of Congress Subject Headings (LCSH): | Gold standard -- History -- 20th century, Monetary policy -- Europe -- History -- 20th century, Depressions -- 1929 |
| Journal or Publication Title: | Explorations in Economic History |
| Publisher: | Elsevier |
| ISSN: | 0014-4983 |
| Date: | September 2008 |
| Volume: | Vol.45 |
| Number: | No.4 |
| Number of Pages: | 19 |
| Page Range: | pp. 383-401 |
| Identification Number: | 10.1016/j.eeh.2008.02.003 |
| Status: | Peer Reviewed |
| Publication Status: | Published |
| Access rights to Published version: | Restricted or Subscription Access |
| URI: | http://wrap.warwick.ac.uk/id/eprint/29085 |
Data sourced from Thomson Reuters' Web of Knowledge
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