| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1018
|
| DP1018 What is the Domain of the Welfare State? |
| Dennis Snower
|
| 发表日期 | 1994-11-30
|
| 出版年 | 1994
|
| 语种 | 英语
|
| 摘要 | In this paper we chart the geography of the gold standard. We highlight the late date of the move to gold and the variety of transition strategies. Whether a country with a currency convertible into specie operated a gold, silver or bimetallic standard at mid-century depended not so much on whether it was rich or poor as on the monetary standard of the foreign country or countries to which its transactions were linked. When it came to the distinction between specie convertibility and inconvertibility, however, domestic economic conditions came into play. In particular, there was a strong correlation between economic development, as proxied by the level of per capita incomes, and possession of a convertible currency.Most countries went onto the gold standard between the 1870s and the first decade of the twentieth century. We enumerate the factors propelling this transition and analyse variations in its timing. Factors shaping the course of this transition include the level of economic development, the magnitude of reserves relative to world specie markets, whether reserves were concentrated at the central bank, and the presence or absence of imperial ties. |
| 主题 | International Macroeconomics
|
| 关键词 | Bimetallism
Gold standard
International monetary system
|
| URL | https://cepr.org/publications/dp1018
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530190
|
推荐引用方式
GB/T 7714 |
Dennis Snower. DP1018 What is the Domain of the Welfare State?. 1994.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
