| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w9230 |
| 来源ID | Working Paper 9230 |
| Suppressing Asset Price Inflation: The Confederate Experience, 1861-1865 | |
| Marc D. Weidenmier; Richard C.K. Burdekin | |
| 发表日期 | 2002-09-25 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Confederate monetary reforms encouraged holders of Treasury notes to exchange these notes for bonds by imposing deadlines on their convertibility. We show that Confederate funding acts aimed at precipitating the conversion of currency into bonds did temporarily suppress currency depreciation. These acts also triggered upsurges in commodity prices, however, as note holders rushed to spend the currency before their exchange rights were reduced. Asset price stabilization policies seem to have increased the velocity of circulation and counterproductively channeled inflationary pressures into other areas of the economy. |
| 主题 | Macroeconomics ; Monetary Policy ; History ; Financial History |
| URL | https://www.nber.org/papers/w9230 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566843 |
| 推荐引用方式 GB/T 7714 | Marc D. Weidenmier,Richard C.K. Burdekin. Suppressing Asset Price Inflation: The Confederate Experience, 1861-1865. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w9230.pdf（444KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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