| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5564 |
| DP5564 Screening Disability Insurance Applications | |
| Maarten Lindeboom; Bas van der Klaauw; Philip de Jong | |
| 发表日期 | 2006-03-17 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | Using a new database for the late 19th century, when the pound sterling circulated all over the world, this paper provides the first review of critical empirical issues in the economics of international currencies. First, we report evidence in favor of the search-theoretic approach to international currencies. Second, we give empirical support to strategic externalities. Third, we provide strong confirmation of the existence of persistence. Finally, we reject the view that the international monetary system is subject to pure path dependency in that it cannot remain locked into some past equilibrium. Our conclusion is that, for the late 19th century at least, money and trade were complements. |
| 主题 | International Macroeconomics |
| 关键词 | International currencies Sterling Dollar Search theoretic approach to money Strategic externalities Persistence |
| URL | https://cepr.org/publications/dp5564 |
| 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/534404 |
| 推荐引用方式 GB/T 7714 | Maarten Lindeboom,Bas van der Klaauw,Philip de Jong. DP5564 Screening Disability Insurance Applications. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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