Between the dollar-sterling gold points : exchange rates, parity, and market behavior

Resource Information

The work Between the dollar-sterling gold points : exchange rates, parity, and market behavior represents a distinct intellectual or artistic creation found in European University Institute. This resource is a combination of several types including: Work, Language Material, Books.

Label

Between the dollar-sterling gold points : exchange rates, parity, and market behavior

Title remainder

exchange rates, parity, and market behavior

Statement of responsibility

Lawrence H. Officer

Creator

• Officer, Lawrence H

Subject

• Foreign exchange rates -- United States -- History
• Gold standard -- History
• Money -- Great Britain -- History
• Money -- United States -- History
• Foreign exchange rates -- Great Britain -- History

Language

eng

Summary

Officer begins this book with a historical perspective of the monetary standards of the United States and Britain. He then develops data on exchange rates, mint parity and gold points, with which he investigates three important features of Anglo-American monetary history. First, the integration of the American foreign-exchange market over time. Second, it is proved that gold-point arbitrage is markedly more efficient than either interest arbitrage or forward speculation. Third, regime efficiency is explored from standpoints of both private agents and policy-makers; the 1925–1931 gold standard, though less durable than the pre-war standard, is nevertheless shown to be surprisingly stable. The book will serve as a Dollar-Sterling handbook for those interested in this important aspect of international monetary history.--

Member of

• Studies in macroeconomic history
• Studies in monetary and financial history

Assigning source

Provided by publisher

Cataloging source

UkCbUP

Index

index present

Literary form

non fiction

Nature of contents

dictionaries

Series statement

• Studies in macroeconomic history
• Cambridge Social Sciences eBooks