| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4575 |
| DP4575 Endogenous Fertility Policy | |
| Alison Booth; Facundo Sepulveda | |
| 发表日期 | 2004-08-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | A major question in the literature on the classical gold standard concerns the efficiency of international arbitrage. Authors have examined efficiency by looking at the spread of the gold points, gold point violations, the flow of gold, or by tests of various asset market criteria, including speculative efficiency and interest arbitrage. These studies have suffered from many limitations, both methodological and empirical. We offer a new methodology for measuring market integration based on nonlinear theoretical models and threshold autoregressions. We also compile a new, high-frequency series of continuous daily data from 1879 to 1913. We can derive reasonable econometric estimates of the implied gold points and price dynamics. The changes in these measures over time provide an insight into the evolution of market integration. |
| 主题 | International Macroeconomics |
| 关键词 | market integration Gold points Dollar Sterling |
| URL | https://cepr.org/publications/dp4575 |
| 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/533492 |
| 推荐引用方式 GB/T 7714 | Alison Booth,Facundo Sepulveda. DP4575 Endogenous Fertility Policy. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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